Wealth Enhancement Advisory Services LLC Has $740,000 Stock Holdings in Wingstop Inc. (NASDAQ:WING)

Wealth Enhancement Advisory Services LLC decreased its stake in Wingstop Inc. (NASDAQ:WING) by 32.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,279 shares of the restaurant operator’s stock after selling 1,563 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Wingstop were worth $740,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake in shares of Wingstop by 26.1% in the 4th quarter. US Bancorp DE now owns 6,324 shares of the restaurant operator’s stock valued at $1,797,000 after acquiring an additional 1,308 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Wingstop in the fourth quarter valued at about $30,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Wingstop by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 204,241 shares of the restaurant operator’s stock valued at $58,045,000 after purchasing an additional 1,686 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Wingstop by 0.7% during the fourth quarter. Assetmark Inc. now owns 9,042 shares of the restaurant operator’s stock worth $2,570,000 after purchasing an additional 62 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Wingstop in the fourth quarter valued at approximately $10,177,000.

Wingstop Trading Down 0.3%

NASDAQ:WING opened at $325.20 on Friday. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 54.47, a PEG ratio of 4.56 and a beta of 1.84. The firm has a fifty day simple moving average of $322.90 and a two-hundred day simple moving average of $280.15. Wingstop Inc. has a 12 month low of $204.00 and a 12 month high of $433.86.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. The company had revenue of $171.09 million for the quarter, compared to analysts’ expectations of $172.25 million. Wingstop had a net margin of 26.45% and a negative return on equity of 18.85%. The business’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. Equities analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.27 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.33%. Wingstop’s payout ratio is currently 18.09%.

Insider Buying and Selling

In related news, CEO Michael Skipworth sold 10,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total value of $3,373,400.00. Following the transaction, the chief executive officer directly owned 47,190 shares in the company, valued at $15,919,074.60. This trade represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction on Monday, May 5th. The shares were 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 directly owned 517 shares of the company’s stock, valued at approximately $141,177.19. The trade was a 55.20% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WING shares. Cowen reiterated a “buy” rating on shares of Wingstop in a research report on Thursday, May 1st. Piper Sandler increased their price objective on Wingstop from $271.00 to $272.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Citigroup downgraded Wingstop from a “neutral” rating to a “cautious” rating in a report on Wednesday, June 25th. UBS Group decreased their price target on Wingstop from $300.00 to $255.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Finally, The Goldman Sachs Group raised their price objective on Wingstop from $310.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $362.26.

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.