Illinois Municipal Retirement Fund Invests $1.36 Million in Wingstop Inc. (NASDAQ:WING)

Illinois Municipal Retirement Fund bought a new stake in shares of Wingstop Inc. (NASDAQ:WING) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,698 shares of the restaurant operator’s stock, valued at approximately $1,355,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WING. Nisa Investment Advisors LLC lifted its stake in Wingstop by 542.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator’s stock valued at $2,764,000 after acquiring an additional 9,097 shares during the period. Comerica Bank bought a new stake in shares of Wingstop in the third quarter worth $4,021,000. Capstone Investment Advisors LLC increased its position in Wingstop by 235.2% during the fourth quarter. Capstone Investment Advisors LLC now owns 10,825 shares of the restaurant operator’s stock valued at $2,777,000 after acquiring an additional 7,596 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Wingstop by 14.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 279,938 shares of the restaurant operator’s stock valued at $71,827,000 after acquiring an additional 36,017 shares during the period. Finally, Axiom Investors LLC DE purchased a new position in Wingstop in the fourth quarter worth about $11,006,000.

Wall Street Analyst Weigh In

A number of brokerages have commented on WING. Robert W. Baird upped their target price on shares of Wingstop from $390.00 to $405.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. BMO Capital Markets upped their price objective on Wingstop from $275.00 to $325.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Wedbush lifted their target price on Wingstop from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Jefferies Financial Group upped their price target on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley lifted their price objective on Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $353.17.

Insider Buying and Selling

In other Wingstop news, Director Ania Smith sold 566 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $380.91, for a total transaction of $215,595.06. Following the sale, the director now owns 1,164 shares in the company, valued at approximately $443,379.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Wingstop news, Director Kilandigalu Madati sold 645 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total value of $255,252.30. Following the completion of the transaction, the director now owns 5,147 shares in the company, valued at $2,036,873.78. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ania Smith sold 566 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total value of $215,595.06. Following the sale, the director now owns 1,164 shares in the company, valued at $443,379.24. The disclosure for this sale can be found here. Insiders sold 6,191 shares of company stock worth $2,443,547 in the last 90 days. Insiders own 0.36% of the company’s stock.

Wingstop Price Performance

Shares of NASDAQ WING opened at $377.93 on Monday. Wingstop Inc. has a 1-year low of $150.08 and a 1-year high of $431.03. The business has a fifty day moving average price of $398.20 and a 200 day moving average price of $350.46. The stock has a market capitalization of $11.07 billion, a P/E ratio of 134.50, a price-to-earnings-growth ratio of 4.80 and a beta of 1.69.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, beating the consensus estimate of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The business had revenue of $145.70 million during the quarter, compared to analyst estimates of $136.34 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 34.0% on a year-over-year basis. As a group, equities research analysts anticipate that Wingstop Inc. will post 3.42 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.23%. Wingstop’s payout ratio is currently 31.32%.

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.