Wingstop Inc. (NASDAQ:WING) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its position in shares of Wingstop Inc. (NASDAQ:WING) by 5.0% in the 2nd quarter, Holdings Channel reports. The firm owned 1,534 shares of the restaurant operator’s stock after selling 81 shares during the period. Commonwealth Equity Services LLC’s holdings in Wingstop were worth $648,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Congress Asset Management Co. MA lifted its stake in Wingstop by 0.3% during the 4th quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator’s stock worth $2,920,000 after acquiring an additional 34 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 35 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Wingstop by 16.9% during the 4th quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock worth $67,000 after acquiring an additional 38 shares in the last quarter. GAMMA Investing LLC grew its stake in Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after buying an additional 40 shares during the last quarter. Finally, Burney Co. grew its stake in Wingstop by 1.2% during the 2nd quarter. Burney Co. now owns 4,515 shares of the restaurant operator’s stock worth $1,908,000 after buying an additional 55 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WING shares. Barclays lifted their target price on Wingstop from $418.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Morgan Stanley lifted their price objective on Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 16th. Stifel Nicolaus boosted their price target on Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. TD Cowen reissued a “buy” rating and set a $450.00 price target on shares of Wingstop in a research report on Wednesday, July 31st. Finally, Wedbush upped their target price on Wingstop from $425.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $379.53.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of the business’s stock in a transaction on 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 sale, the senior vice president now owns 97 shares of the company’s stock, valued at approximately $36,152.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.36% of the company’s stock.

Wingstop Price Performance

Shares of WING opened at $421.53 on Friday. The company has a 50-day moving average of $380.27 and a two-hundred day moving average of $380.66. The stock has a market cap of $12.35 billion, a price-to-earnings ratio of 150.01, a PEG ratio of 4.09 and a beta of 1.71. Wingstop Inc. has a one year low of $166.65 and a one year high of $431.03.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The firm 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%. Wingstop’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. Analysts anticipate that Wingstop Inc. will post 3.77 earnings per share for the current year.

Wingstop Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $0.27 per share. This is an increase from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.08 annualized dividend and a yield of 0.26%. Wingstop’s dividend payout ratio is presently 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.