Avior Wealth Management LLC Has $398,000 Holdings in Wingstop Inc. (NASDAQ:WING)

Avior Wealth Management LLC grew its position in Wingstop Inc. (NASDAQ:WING) by 19.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,400 shares of the restaurant operator’s stock after purchasing an additional 226 shares during the quarter. Avior Wealth Management LLC’s holdings in Wingstop were worth $398,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in Wingstop by 277.5% in the 4th quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator’s stock valued at $1,356,000 after buying an additional 3,507 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Wingstop by 13.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 2,628 shares of the restaurant operator’s stock valued at $747,000 after acquiring an additional 302 shares in the last quarter. Merit Financial Group LLC bought a new position in Wingstop during the fourth quarter worth about $216,000. Carnegie Investment Counsel raised its stake in Wingstop by 32.5% in the 4th quarter. Carnegie Investment Counsel now owns 35,675 shares of the restaurant operator’s stock worth $10,139,000 after purchasing an additional 8,746 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Wingstop by 28.8% in the 4th quarter. Park Avenue Securities LLC now owns 3,709 shares of the restaurant operator’s stock valued at $1,054,000 after purchasing an additional 830 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Morgan Stanley raised shares of Wingstop from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $385.00 to $389.00 in a report on Tuesday, January 21st. The Goldman Sachs Group raised Wingstop from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $458.00 to $377.00 in a report on Friday, November 8th. Piper Sandler cut their target price on Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a research report on Friday, November 1st. Finally, BTIG Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective for the company in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.16.

Wingstop Stock Performance

Shares of NASDAQ:WING opened at $279.83 on Monday. Wingstop Inc. has a 52-week low of $266.45 and a 52-week high of $433.86. The company has a market capitalization of $8.17 billion, a PE ratio of 81.58, a price-to-earnings-growth ratio of 2.23 and a beta of 1.81. The company has a fifty day moving average of $302.99 and a 200-day moving average of $350.84.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The firm had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. During the same period in the previous year, the company earned $0.69 EPS. Wingstop’s revenue for the quarter was up 38.8% on a year-over-year basis. On average, equities analysts forecast that Wingstop Inc. will post 3.67 EPS for the current fiscal year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.39%. Wingstop’s dividend payout ratio is presently 31.49%.

Wingstop announced that its Board of Directors has approved a stock buyback plan on Thursday, December 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Wingstop news, SVP Raj Kapoor sold 266 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $324.38, for a total value of $86,285.08. Following the sale, the senior vice president now owns 266 shares in the company, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.36% of the company’s stock.

About Wingstop

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.