Pinnacle Wealth Planning Services Inc. bought a new position in shares of Wingstop Inc. (NASDAQ:WING – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 601 shares of the restaurant operator’s stock, valued at approximately $220,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Federated Hermes Inc. grew its stake in Wingstop by 1.8% during the 4th quarter. Federated Hermes Inc. now owns 1,107,852 shares of the restaurant operator’s stock worth $284,253,000 after purchasing an additional 19,540 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Wingstop by 155.7% during the 4th quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock worth $224,093,000 after acquiring an additional 531,880 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Wingstop during the 4th quarter worth about $103,899,000. Dimensional Fund Advisors LP boosted its position in shares of Wingstop by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 396,258 shares of the restaurant operator’s stock worth $101,673,000 after acquiring an additional 8,058 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Wingstop during the 4th quarter worth about $80,423,000.
Wingstop Stock Up 0.8 %
Shares of WING traded up $3.11 on Friday, reaching $369.31. The stock had a trading volume of 420,943 shares, compared to its average volume of 381,553. The firm has a 50-day moving average of $396.13 and a 200 day moving average of $353.95. The firm has a market capitalization of $10.82 billion, a PE ratio of 131.43, a PEG ratio of 4.23 and a beta of 1.69. Wingstop Inc. has a twelve month low of $150.08 and a twelve month high of $431.03.
Wingstop Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Thursday, May 16th. Wingstop’s dividend payout ratio (DPR) is 31.32%.
Insider Transactions at Wingstop
In other news, SVP Albert G. Mcgrath sold 4,230 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now owns 8,170 shares in the company, valued at $3,238,588. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ania Smith sold 566 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $380.91, for a total value of $215,595.06. Following the transaction, the director now directly owns 1,164 shares of the company’s stock, valued at approximately $443,379.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total value of $1,676,772.00. Following the completion of the transaction, the senior vice president now directly owns 8,170 shares in the company, valued at $3,238,588. The disclosure for this sale can be found here. Insiders have sold 6,191 shares of company stock worth $2,443,547 over the last quarter. 0.36% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Bank of America upped their price objective on Wingstop from $421.00 to $461.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. The Goldman Sachs Group assumed coverage on Wingstop in a research report on Thursday, June 13th. They set a “neutral” rating and a $407.00 price objective for the company. BMO Capital Markets upped their price objective on Wingstop from $275.00 to $325.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Jefferies Financial Group upped their target price on Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Finally, TD Cowen upped their target price on Wingstop from $430.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $357.89.
View Our Latest Report on WING
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.
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