Wingstop Inc. $WING Shares Sold by Dynamic Technology Lab Private Ltd

by · The Markets Daily

Dynamic Technology Lab Private Ltd cut its holdings in shares of Wingstop Inc. (NASDAQ:WING – Free Report) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,640 shares of the restaurant operator’s stock after selling 48 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Wingstop were worth $1,272,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WING. T. Rowe Price Investment Management Inc. acquired a new stake in Wingstop during the first quarter worth about $212,672,000. Price T Rowe Associates Inc. MD increased its position in Wingstop by 43.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator’s stock worth $371,517,000 after purchasing an additional 496,717 shares during the last quarter. Champlain Investment Partners LLC increased its position in Wingstop by 130.7% during the first quarter. Champlain Investment Partners LLC now owns 631,989 shares of the restaurant operator’s stock worth $142,564,000 after purchasing an additional 358,044 shares during the last quarter. AQR Capital Management LLC increased its position in Wingstop by 64.4% during the first quarter. AQR Capital Management LLC now owns 550,879 shares of the restaurant operator’s stock worth $123,295,000 after purchasing an additional 215,816 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its position in Wingstop by 66.3% during the first quarter. Stephens Investment Management Group LLC now owns 446,601 shares of the restaurant operator’s stock worth $100,744,000 after purchasing an additional 178,041 shares during the last quarter.

Insider Activity at Wingstop

In related news, CFO Alex Kaleida sold 5,400 shares of Wingstop stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $376.09, for a total value of $2,030,886.00. Following the completion of the transaction, the chief financial officer owned 8,362 shares in the company, valued at approximately $3,144,864.58. The trade was a 39.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Skipworth sold 4,500 shares of Wingstop stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $370.34, for a total transaction of $1,666,530.00. Following the completion of the transaction, the chief executive officer owned 42,777 shares of the company’s stock, valued at $15,842,034.18. This trade represents a 9.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,838 shares of company stock worth $8,118,535. Corporate insiders own 0.72% of the company’s stock.

Wingstop Stock Performance

Shares of WING stock opened at $309.79 on Monday. The stock has a market capitalization of $8.65 billion, a P/E ratio of 51.63, a price-to-earnings-growth ratio of 3.88 and a beta of 1.87. The company has a 50 day moving average price of $328.02 and a 200 day moving average price of $292.22. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86.

Wingstop (NASDAQ:WING – Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The firm had revenue of $174.33 million during the quarter, compared to analysts’ expectations of $172.60 million. Wingstop had a net margin of 25.61% and a negative return on equity of 17.07%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 earnings per share. On average, research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Wingstop’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, August 15th. Wingstop’s dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analysts Forecast Growth

WING has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Wingstop from $367.00 to $405.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Wingstop from a “sell” rating to a “hold” rating in a research report on Sunday, August 10th. Westpark Capital upgraded shares of Wingstop to a “strong-buy” rating in a research report on Wednesday, July 9th. Wolfe Research assumed coverage on shares of Wingstop in a research report on Wednesday, July 9th. They set an “outperform” rating and a $280.00 price objective for the company. Finally, Wells Fargo & Company lifted their price target on shares of Wingstop from $375.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Wingstop has an average rating of “Moderate Buy” and an average price target of $379.52.

Get Our Latest Stock Report on WING

Wingstop Company Profile

(Free Report)

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.

Read More