Nisa Investment Advisors LLC Buys 5,543 Shares of Wingstop Inc. (NASDAQ:WING)

Nisa Investment Advisors LLC increased its stake in Wingstop Inc. (NASDAQ:WING) by 97.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,218 shares of the restaurant operator’s stock after acquiring an additional 5,543 shares during the period. Nisa Investment Advisors LLC’s holdings in Wingstop were worth $4,741,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Franklin Resources Inc. boosted its holdings in Wingstop by 155.7% in the fourth quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock valued at $224,093,000 after acquiring an additional 531,880 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Wingstop during the 4th quarter valued at about $103,899,000. Norges Bank purchased a new position in shares of Wingstop during the fourth quarter valued at about $80,423,000. 1832 Asset Management L.P. bought a new position in Wingstop in the fourth quarter worth about $78,616,000. Finally, Vanguard Group Inc. lifted its holdings in Wingstop by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock worth $1,071,473,000 after buying an additional 104,780 shares during the period.

Insider Activity

In related news, Director Kilandigalu Madati sold 645 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total transaction of $255,252.30. Following the sale, the director now owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Wingstop news, Director Kilandigalu Madati sold 645 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly 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 through this hyperlink. Also, SVP Donnie Upshaw sold 3,199 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was 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 in the company, valued at $36,152.87. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

Wingstop Stock Performance

WING opened at $384.94 on Tuesday. Wingstop Inc. has a one year low of $150.08 and a one year high of $431.03. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 136.99, a P/E/G ratio of 3.91 and a beta of 1.70. The stock’s 50 day moving average price is $391.13 and its 200-day moving average price is $369.97.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $146.04 million. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The firm’s quarterly revenue was up 45.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. As a group, analysts predict that Wingstop Inc. will post 3.75 earnings per share for the current fiscal year.

Wingstop Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.28%. The ex-dividend date is Friday, August 16th. This is a boost from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s dividend payout ratio (DPR) is 38.43%.

Wall Street Analyst Weigh In

WING has been the topic of a number of research reports. Benchmark restated a “hold” rating on shares of Wingstop in a report on Thursday, May 2nd. Citigroup upped their price objective on shares of Wingstop from $375.00 to $398.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Wedbush reiterated an “outperform” rating and set a $425.00 target price on shares of Wingstop in a report on Thursday, August 1st. BMO Capital Markets upped their price target on Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Finally, Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research report on Thursday, August 1st. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $378.65.

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.