538 Shares in Wingstop Inc. (NASDAQ:WING) Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors purchased a new position in Wingstop Inc. (NASDAQ:WING) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 538 shares of the restaurant operator’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WING. State of Michigan Retirement System lifted its position in shares of Wingstop by 2.8% in the 1st quarter. State of Michigan Retirement System now owns 7,272 shares of the restaurant operator’s stock worth $2,664,000 after purchasing an additional 200 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Wingstop in the 1st quarter worth approximately $370,000. Retirement Systems of Alabama lifted its position in shares of Wingstop by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 36,938 shares of the restaurant operator’s stock worth $13,534,000 after purchasing an additional 98 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Wingstop in the 1st quarter worth approximately $4,840,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Wingstop by 1,308.1% in the 1st quarter. BNP Paribas Financial Markets now owns 24,951 shares of the restaurant operator’s stock worth $9,142,000 after purchasing an additional 23,179 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Barclays lowered their price objective on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday. The Goldman Sachs Group lifted their price objective on shares of Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Raymond James upgraded shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Thursday, August 1st. Finally, Piper Sandler lifted their price objective on shares of Wingstop from $353.00 to $375.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $371.95.

Insider Buying and Selling

In related news, SVP Donnie Upshaw sold 3,199 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the transaction, the senior vice president now directly owns 97 shares of the company’s stock, valued at approximately $36,152.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is owned by insiders.

Wingstop Price Performance

NASDAQ WING opened at $287.69 on Friday. Wingstop Inc. has a 1 year low of $177.88 and a 1 year high of $433.86. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 102.38, a PEG ratio of 3.41 and a beta of 1.71. The company has a fifty day moving average price of $392.16 and a 200-day moving average price of $388.27.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The firm had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same quarter in the previous year, the company earned $0.69 EPS. The business’s revenue was up 38.8% compared to the same quarter last year. On average, research analysts anticipate that Wingstop Inc. will post 3.81 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop’s dividend payout ratio (DPR) is currently 38.43%.

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.