Wingstop Inc. $WING Shares Acquired by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership increased its position in shares of Wingstop Inc. (NASDAQ:WINGFree Report) by 20.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 890,451 shares of the restaurant operator’s stock after acquiring an additional 153,082 shares during the period. Artisan Partners Limited Partnership owned about 3.20% of Wingstop worth $224,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Quaker Wealth Management LLC increased its stake in Wingstop by 134.2% during the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 408 shares during the period. Cornerstone Planning Group LLC grew its holdings in shares of Wingstop by 1,650.0% in the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Wingstop by 4,200.0% in the second quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 126 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Wingstop by 54.3% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after buying an additional 50 shares during the period. Finally, True Wealth Design LLC lifted its holdings in Wingstop by 623.8% during the 2nd quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock worth $51,000 after buying an additional 131 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have commented on WING. Guggenheim boosted their price target on shares of Wingstop from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. The Goldman Sachs Group reissued a “buy” rating and set a $335.00 target price on shares of Wingstop in a research note on Wednesday, February 18th. Morgan Stanley cut their price target on Wingstop from $363.00 to $345.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Benchmark reiterated a “buy” rating on shares of Wingstop in a research note on Thursday, February 19th. Finally, TD Cowen reissued a “hold” rating and set a $285.00 price objective on shares of Wingstop in a research report on Wednesday, February 18th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $336.07.

Check Out Our Latest Stock Analysis on WING

Insider Buying and Selling

In other Wingstop news, Director Wesley S. Mcdonald sold 566 shares of Wingstop stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $250.00, for a total value of $141,500.00. Following the transaction, the director directly owned 4,375 shares in the company, valued at approximately $1,093,750. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Trending Headlines about Wingstop

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Wingstop Stock Performance

Shares of WING stock opened at $272.00 on Friday. The stock’s 50-day moving average is $260.92 and its two-hundred day moving average is $265.26. Wingstop Inc. has a 1 year low of $204.00 and a 1 year high of $388.14. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 44.01, a PEG ratio of 2.78 and a beta of 1.80.

Wingstop (NASDAQ:WINGGet Free Report) last released its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.16. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The firm had revenue of $175.69 million for the quarter, compared to the consensus estimate of $177.74 million. During the same quarter last year, the business posted $0.92 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, March 6th. Wingstop’s payout ratio is presently 19.42%.

About Wingstop

(Free Report)

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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