Public Employees Retirement System of Ohio Sells 1,298 Shares of Wingstop Inc. (NASDAQ:WING)

Public Employees Retirement System of Ohio trimmed its position in shares of Wingstop Inc. (NASDAQ:WING) by 10.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,313 shares of the restaurant operator’s stock after selling 1,298 shares during the period. Public Employees Retirement System of Ohio’s holdings in Wingstop were worth $4,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in shares of Wingstop in the first quarter worth about $29,000. GAMMA Investing LLC lifted its holdings in Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after buying an additional 40 shares during the period. Riverview Trust Co bought a new stake in shares of Wingstop in the 1st quarter worth approximately $66,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Wingstop during the fourth quarter valued at approximately $47,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Wingstop by 323.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 233 shares of the restaurant operator’s stock valued at $60,000 after acquiring an additional 178 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Truist Financial lifted their price target on shares of Wingstop from $393.00 to $407.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Stephens reaffirmed an “overweight” rating and set a $456.00 target price on shares of Wingstop in a research note on Wednesday. BMO Capital Markets increased their price target on shares of Wingstop from $275.00 to $325.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Stifel Nicolaus lifted their price objective on Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, The Goldman Sachs Group started coverage on Wingstop in a report on Thursday, June 13th. They set a “neutral” rating and a $407.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $342.89.

Insider Buying and Selling

In other news, Director Kate S. Lavelle sold 750 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $394.57, for a total transaction of $295,927.50. Following the transaction, the director now directly owns 3,567 shares of the company’s stock, valued at $1,407,431.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the transaction, the senior vice president now owns 8,170 shares in the company, valued at $3,238,588. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kate S. Lavelle sold 750 shares of Wingstop stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $394.57, for a total transaction of $295,927.50. Following the completion of the sale, the director now directly owns 3,567 shares of the company’s stock, valued at approximately $1,407,431.19. The disclosure for this sale can be found here. Insiders sold a total of 6,191 shares of company stock worth $2,443,547 in the last three months. Insiders own 0.36% of the company’s stock.

Wingstop Price Performance

Shares of Wingstop stock opened at $373.88 on Thursday. Wingstop Inc. has a 1 year low of $150.08 and a 1 year high of $431.03. The firm’s 50-day moving average is $394.47 and its 200 day moving average is $360.60. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 133.05, a PEG ratio of 4.29 and a beta of 1.69.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The firm had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The business’s revenue was up 34.0% on a year-over-year basis. On average, equities analysts expect that Wingstop Inc. will post 3.47 EPS for the current fiscal year.

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.