Stevens Capital Management LP Buys Shares of 2,342 Wingstop Inc. (NASDAQ:WING)

Stevens Capital Management LP purchased a new stake in Wingstop Inc. (NASDAQ:WING) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,342 shares of the restaurant operator’s stock, valued at approximately $601,000.

A number of other large investors have also recently modified their holdings of WING. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wingstop in the fourth quarter valued at approximately $28,000. Headlands Technologies LLC purchased a new stake in shares of Wingstop in the third quarter valued at approximately $38,000. FSC Wealth Advisors LLC purchased a new stake in shares of Wingstop in the fourth quarter valued at approximately $39,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Wingstop in the third quarter valued at approximately $72,000. Finally, Covestor Ltd raised its stake in Wingstop by 330.3% in the third quarter. Covestor Ltd now owns 469 shares of the restaurant operator’s stock worth $84,000 after buying an additional 360 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently commented on WING shares. TD Cowen reissued a “buy” rating and issued a $410.00 price objective on shares of Wingstop in a research note on Wednesday, April 10th. Benchmark reissued a “hold” rating on shares of Wingstop in a research note on Tuesday. Sanford C. Bernstein started coverage on shares of Wingstop in a research note on Wednesday, February 14th. They issued an “outperform” rating and a $340.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Robert W. Baird boosted their price objective on shares of Wingstop from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $290.83.

Insider Buying and Selling at Wingstop

In other news, CEO Michael Skipworth sold 10,843 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the sale, the chief executive officer now owns 17,107 shares in the company, valued at approximately $5,771,901.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the sale, the senior vice president now directly owns 1,646 shares in the company, valued at approximately $612,246.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the sale, the chief executive officer now owns 17,107 shares in the company, valued at $5,771,901.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,901 shares of company stock worth $5,120,605. Insiders own 0.36% of the company’s stock.

Wingstop Price Performance

NASDAQ:WING traded up $7.16 during mid-day trading on Thursday, hitting $369.90. The company’s stock had a trading volume of 619,911 shares, compared to its average volume of 467,045. The business’s fifty day moving average is $352.20 and its two-hundred day moving average is $278.78. Wingstop Inc. has a 1 year low of $150.08 and a 1 year high of $379.00. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 157.40, a PEG ratio of 6.30 and a beta of 1.68.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The business had revenue of $127.06 million for the quarter, compared to analyst estimates of $120.47 million. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Analysts anticipate that Wingstop Inc. will post 3.02 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.24%. Wingstop’s dividend payout ratio (DPR) is presently 37.45%.

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.