Russell Investments Group Ltd. Has $13.84 Million Stake in Wingstop Inc. (NASDAQ:WING)

Russell Investments Group Ltd. grew its holdings in Wingstop Inc. (NASDAQ:WING) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,929 shares of the restaurant operator’s stock after purchasing an additional 1,930 shares during the period. Russell Investments Group Ltd.’s holdings in Wingstop were worth $13,837,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WING. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Wingstop in the 4th quarter valued at approximately $28,000. Headlands Technologies LLC acquired a new position in Wingstop in the third quarter worth approximately $38,000. FSC Wealth Advisors LLC acquired a new position in Wingstop in the fourth quarter worth approximately $39,000. DekaBank Deutsche Girozentrale acquired a new position in Wingstop in the third quarter worth approximately $72,000. Finally, Covestor Ltd increased its holdings in Wingstop by 330.3% in the third quarter. Covestor Ltd now owns 469 shares of the restaurant operator’s stock worth $84,000 after buying an additional 360 shares during the last quarter.

Wingstop Price Performance

Shares of WING stock opened at $388.55 on Friday. The stock has a market cap of $11.41 billion, a P/E ratio of 138.27, a price-to-earnings-growth ratio of 6.30 and a beta of 1.67. Wingstop Inc. has a one year low of $150.08 and a one year high of $396.00. The stock has a fifty day moving average price of $359.50 and a 200 day moving average price of $286.56.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, topping the consensus estimate of $0.76 by $0.22. The firm had revenue of $145.70 million during the quarter, compared to analysts’ expectations of $136.34 million. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. Wingstop’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period last year, the business earned $0.59 earnings per share. Equities research analysts anticipate that Wingstop Inc. will post 3.15 EPS for the current year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 annualized dividend and a yield of 0.23%. Wingstop’s dividend payout ratio (DPR) is currently 31.32%.

Insider Buying and Selling

In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the transaction, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Kilandigalu Madati sold 1,472 shares of Wingstop stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the completion of the transaction, the director now directly owns 5,450 shares of the company’s stock, valued at $1,852,291.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction dated 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 directly owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The disclosure for this sale can be found here. Insiders sold a total of 14,901 shares of company stock valued at $5,120,605 over the last ninety days. 0.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley increased their price objective on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Jefferies Financial Group increased their price objective on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Stifel Nicolaus increased their price objective on Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, February 16th. BMO Capital Markets increased their price target on Wingstop from $275.00 to $325.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Citigroup increased their price target on Wingstop from $375.00 to $398.00 and gave the company a “neutral” rating in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $330.39.

Wingstop 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.