Captrust Financial Advisors Has $1.01 Million Holdings in Wingstop Inc. (NASDAQ:WING)

Captrust Financial Advisors lifted its stake in shares of Wingstop Inc. (NASDAQ:WING) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,547 shares of the restaurant operator’s stock after acquiring an additional 688 shares during the period. Captrust Financial Advisors’ holdings in Wingstop were worth $1,008,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WING. EverSource Wealth Advisors LLC increased its holdings in Wingstop by 521.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its position in shares of Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after buying an additional 35 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Wingstop during the fourth quarter worth about $30,000. V Square Quantitative Management LLC grew its holdings in shares of Wingstop by 34.9% during the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock worth $41,000 after buying an additional 37 shares in the last quarter. Finally, Quarry LP acquired a new stake in Wingstop in the 4th quarter valued at approximately $41,000.

Insiders Place Their Bets

In other news, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction on Monday, May 5th. The stock was sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the sale, the senior vice president now owns 517 shares of the company’s stock, valued at approximately $141,177.19. This trade represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

WING has been the subject of a number of recent research reports. Bank of America upped their price target on Wingstop from $319.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday. Wedbush reduced their target price on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Barclays decreased their target price on shares of Wingstop from $315.00 to $260.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group boosted their price target on shares of Wingstop from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, Gordon Haskett upgraded Wingstop to a “strong-buy” rating in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $331.78.

Wingstop Trading Up 0.7%

WING opened at $308.48 on Friday. The stock’s fifty day simple moving average is $236.69 and its 200 day simple moving average is $275.25. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $433.86. The stock has a market cap of $8.61 billion, a PE ratio of 83.15, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. The firm had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. Equities analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.35%. Wingstop’s dividend payout ratio is currently 18.09%.

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.