Shelton Capital Management cut its holdings in shares of Wingstop Inc. (NASDAQ:WING – Get Rating) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,531 shares of the restaurant operator’s stock after selling 114 shares during the period. Shelton Capital Management’s holdings in Wingstop were worth $211,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Wingstop by 1.5% during the 1st quarter. BlackRock Inc. now owns 3,586,391 shares of the restaurant operator’s stock worth $420,864,000 after buying an additional 51,296 shares during the period. Wellington Management Group LLP raised its holdings in shares of Wingstop by 3.5% during the first quarter. Wellington Management Group LLP now owns 1,751,221 shares of the restaurant operator’s stock valued at $205,506,000 after acquiring an additional 59,529 shares during the period. State Street Corp raised its holdings in shares of Wingstop by 1.3% during the third quarter. State Street Corp now owns 930,355 shares of the restaurant operator’s stock valued at $116,685,000 after acquiring an additional 11,514 shares during the period. Clearbridge Investments LLC lifted its position in shares of Wingstop by 0.7% in the 4th quarter. Clearbridge Investments LLC now owns 774,569 shares of the restaurant operator’s stock valued at $106,596,000 after acquiring an additional 5,125 shares in the last quarter. Finally, Fred Alger Management LLC boosted its stake in Wingstop by 0.7% in the 3rd quarter. Fred Alger Management LLC now owns 681,716 shares of the restaurant operator’s stock worth $85,501,000 after purchasing an additional 5,068 shares during the period.
Wingstop Price Performance
Wingstop stock opened at $188.87 on Friday. Wingstop Inc. has a fifty-two week low of $71.21 and a fifty-two week high of $223.77. The firm has a fifty day moving average price of $196.24 and a two-hundred day moving average price of $172.82. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 94.44, a P/E/G ratio of 4.59 and a beta of 1.61.
Wingstop Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 19th were paid a $0.19 dividend. The ex-dividend date was Thursday, May 18th. This represents a $0.76 annualized dividend and a dividend yield of 0.40%. Wingstop’s payout ratio is 38.00%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on WING. BTIG Research lowered Wingstop from a “buy” rating to a “neutral” rating in a report on Thursday, February 23rd. Barclays lifted their target price on Wingstop from $205.00 to $240.00 in a research note on Thursday, May 4th. UBS Group increased their price target on shares of Wingstop from $190.00 to $225.00 in a research report on Thursday, May 4th. Jefferies Financial Group downgraded shares of Wingstop from a “hold” rating to an “underperform” rating and set a $160.00 price objective on the stock. in a research report on Monday, March 27th. Finally, Truist Financial increased their target price on shares of Wingstop from $172.00 to $190.00 in a research report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Wingstop currently has a consensus rating of “Hold” and an average price target of $191.50.
Insider Buying and Selling
In other Wingstop news, Director Wesley S. Mcdonald sold 1,500 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $206.65, for a total value of $309,975.00. Following the completion of the sale, the director now directly owns 5,310 shares of the company’s stock, valued at approximately $1,097,311.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Michael Skipworth sold 4,910 shares of the company’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $208.21, for a total value of $1,022,311.10. Following the completion of the transaction, the chief executive officer now directly owns 19,242 shares in the company, valued at $4,006,376.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wesley S. Mcdonald sold 1,500 shares of Wingstop stock in a transaction on Friday, May 5th. The stock was sold at an average price of $206.65, for a total transaction of $309,975.00. Following the sale, the director now owns 5,310 shares in the company, valued at approximately $1,097,311.50. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.
About Wingstop
Wingstop, Inc is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. The company was founded in 1994 and is headquartered in Addison, TX.
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