Integrated Wealth Concepts LLC Has $640,000 Position in Wingstop Inc. $WING

Integrated Wealth Concepts LLC lifted its position in Wingstop Inc. (NASDAQ:WING) by 90.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,836 shares of the restaurant operator’s stock after buying an additional 1,349 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Wingstop were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Wingstop by 93.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator’s stock worth $29,000 after buying an additional 62 shares during the last quarter. Signaturefd LLC lifted its position in Wingstop by 106.9% during the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 77 shares during the last quarter. True Wealth Design LLC lifted its position in Wingstop by 62.1% during the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator’s stock worth $40,000 after acquiring an additional 54 shares during the last quarter. UMB Bank n.a. lifted its position in Wingstop by 280.3% during the 1st quarter. UMB Bank n.a. now owns 270 shares of the restaurant operator’s stock worth $61,000 after acquiring an additional 199 shares during the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of Wingstop during the 1st quarter worth about $70,000.

Insider Transactions at Wingstop

In related news, CFO Alex Kaleida sold 5,400 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $376.09, for a total transaction of $2,030,886.00. Following the completion of the sale, the chief financial officer directly owned 8,362 shares of the company’s stock, valued at $3,144,864.58. This trade represents a 39.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Marisa Carona sold 11,938 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $370.34, for a total value of $4,421,118.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,838 shares of company stock valued at $8,118,535. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WING shares. Guggenheim boosted their price objective on Wingstop from $325.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Piper Sandler assumed coverage on Wingstop in a report on Wednesday, July 9th. They set an “overweight” rating for the company. Citigroup upped their target price on shares of Wingstop from $296.00 to $321.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Sanford C. Bernstein reiterated an “overweight” rating and set a $440.00 target price on shares of Wingstop in a research note on Thursday, July 31st. Finally, Wells Fargo & Company upped their target price on shares of Wingstop from $375.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $380.52.

Wingstop Stock Performance

Shares of WING stock opened at $266.02 on Friday. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $433.86. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 44.34, a P/E/G ratio of 3.45 and a beta of 1.87. The firm has a fifty day moving average of $323.32 and a 200-day moving average of $293.05.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 EPS for the quarter, topping the consensus estimate of $0.88 by $0.12. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.The business had revenue of $174.33 million during the quarter, compared to the consensus estimate of $172.60 million. During the same quarter last year, the company earned $0.93 EPS. Wingstop’s revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $0.30 per share. This is an increase from Wingstop’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. Wingstop’s dividend payout ratio is 20.00%.

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.