Handelsbanken Fonder AB Grows Stock Position in Wingstop Inc. (NASDAQ:WING)

Handelsbanken Fonder AB increased its position in shares of Wingstop Inc. (NASDAQ:WING) by 15.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,144 shares of the restaurant operator’s stock after purchasing an additional 700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Wingstop were worth $1,320,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Wingstop by 29.4% during the 3rd quarter. American Century Companies Inc. now owns 1,626,558 shares of the restaurant operator’s stock valued at $292,520,000 after buying an additional 370,032 shares during the period. Wellington Management Group LLP increased its holdings in Wingstop by 11.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,167,230 shares of the restaurant operator’s stock valued at $209,915,000 after purchasing an additional 121,134 shares during the last quarter. Federated Hermes Inc. increased its holdings in Wingstop by 1.8% in the 4th quarter. Federated Hermes Inc. now owns 1,107,852 shares of the restaurant operator’s stock valued at $284,253,000 after purchasing an additional 19,540 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Wingstop by 64.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,079,939 shares of the restaurant operator’s stock valued at $194,216,000 after purchasing an additional 422,727 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Wingstop by 34.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 506,395 shares of the restaurant operator’s stock valued at $91,070,000 after purchasing an additional 130,958 shares during the last quarter.

Wingstop Price Performance

NASDAQ:WING opened at $382.56 on Friday. The firm has a market capitalization of $11.24 billion, a PE ratio of 162.79, a price-to-earnings-growth ratio of 6.61 and a beta of 1.68. The business’s fifty day moving average price is $354.56 and its 200 day moving average price is $281.55. Wingstop Inc. has a 12 month low of $150.08 and a 12 month high of $383.98.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. The firm had revenue of $127.06 million for the quarter, compared to analyst estimates of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. Wingstop’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. As a group, equities analysts anticipate that Wingstop Inc. will post 3.03 EPS for the current year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.23%. The ex-dividend date was Thursday, March 7th. Wingstop’s dividend payout ratio (DPR) is presently 37.45%.

Insider Activity at Wingstop

In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the transaction, the senior vice president now owns 1,646 shares in the company, valued at $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the transaction, the chief executive officer now owns 17,107 shares in the company, valued at $5,771,901.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the completion of the transaction, the senior vice president now owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The disclosure for this sale can be found here. Insiders have sold 14,901 shares of company stock valued at $5,120,605 over the last quarter. 0.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WING has been the subject of several research reports. Wedbush lifted their target price on shares of Wingstop from $340.00 to $400.00 and gave the company an “outperform” rating in a report on Friday. Citigroup lifted their target price on shares of Wingstop from $320.00 to $375.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Benchmark reiterated a “hold” rating on shares of Wingstop in a report on Tuesday, April 23rd. Jefferies Financial Group lifted their target price on shares of Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. Finally, Stephens assumed coverage on Wingstop in a research report on Friday, April 12th. They set an “overweight” rating and a $425.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $294.17.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.