Neuberger Berman Group LLC Boosts Stock Position in Wingstop Inc. (NASDAQ:WING)

Neuberger Berman Group LLC grew its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,521 shares of the restaurant operator's stock after acquiring an additional 5,351 shares during the quarter. Neuberger Berman Group LLC owned about 0.11% of Wingstop worth $8,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in Wingstop in the fourth quarter valued at approximately $28,000. Headlands Technologies LLC bought a new stake in shares of Wingstop during the 3rd quarter worth $38,000. FSC Wealth Advisors LLC purchased a new position in Wingstop in the fourth quarter worth $39,000. SRS Capital Advisors Inc. increased its stake in Wingstop by 323.6% in 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 during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Wingstop by 16.9% during the fourth quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator's stock valued at $67,000 after purchasing an additional 38 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WING shares. Stifel Nicolaus increased their price objective on Wingstop from $270.00 to $330.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Robert W. Baird boosted their price objective on shares of Wingstop from $390.00 to $405.00 and gave the stock an "outperform" rating in a report on Thursday, May 2nd. Bank of America increased their target price on shares of Wingstop from $421.00 to $461.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Truist Financial boosted their price target on shares of Wingstop from $320.00 to $345.00 and gave the stock a "hold" rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets raised their price objective on Wingstop from $275.00 to $325.00 and gave the company a "market perform" rating in a research note on Thursday, May 2nd. Eleven 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, Wingstop currently has a consensus rating of "Hold" and an average target price of $331.50.

Wingstop Price Performance

Wingstop stock traded up $11.84 during mid-day trading on Monday, reaching $395.63. 419,162 shares of the company traded hands, compared to its average volume of 468,826. Wingstop Inc. has a 52-week low of $150.08 and a 52-week high of $410.95. The firm has a market capitalization of $11.59 billion, a price-to-earnings ratio of 138.07, a P/E/G ratio of 4.92 and a beta of 1.71. The firm's 50 day moving average price is $376.28 and its 200 day moving average price is $321.80.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating 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 company had revenue of $145.70 million for the quarter, compared to analysts' expectations of $136.34 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. Wingstop's quarterly revenue was up 34.0% on a year-over-year basis. On average, sell-side analysts anticipate that Wingstop Inc. will post 3.39 EPS for the current year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Thursday, May 16th. Wingstop's dividend payout ratio is currently 31.32%.

Insider Activity

In other news, SVP Albert G. Mcgrath sold 4,230 shares of the company's stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total value of $1,676,772.00. Following the sale, the senior vice president now directly owns 8,170 shares of the company's stock, valued at approximately $3,238,588. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Albert G. Mcgrath sold 4,230 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 8,170 shares in the company, valued at approximately $3,238,588. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kilandigalu Madati sold 645 shares of the business's stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total value of $255,252.30. Following the completion of the sale, the director now directly owns 5,147 shares in the company, valued at $2,036,873.78. 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 quarter. 0.36% of the stock is owned by company insiders.

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.