Wingstop Inc. (NASDAQ:WING) Shares Acquired by Savant Capital LLC

Savant Capital LLC boosted its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 43.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,536 shares of the restaurant operator's stock after acquiring an additional 1,678 shares during the period. Savant Capital LLC's holdings in Wingstop were worth $1,573,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in shares of Wingstop during the third quarter valued at about $36,000. Hollencrest Capital Management grew its position in Wingstop by 53.8% during the 3rd quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Wingstop by 60.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator's stock valued at $44,000 after purchasing an additional 40 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock worth $53,000 after buying an additional 100 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Wingstop during the fourth quarter worth $71,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WING shares. Piper Sandler cut their target price on Wingstop from $375.00 to $300.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. Benchmark upgraded Wingstop from a "hold" rating to a "buy" rating and set a $340.00 price objective for the company in a research note on Thursday, October 31st. TD Cowen decreased their target price on Wingstop from $450.00 to $365.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Barclays cut their price target on shares of Wingstop from $470.00 to $380.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Finally, Stephens restated an "overweight" rating and set a $468.00 price objective on shares of Wingstop in a research note on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $385.72.

Wingstop Stock Down 2.3 %

Shares of WING stock traded down $7.24 during mid-day trading on Monday, hitting $304.69. 641,132 shares of the stock were exchanged, compared to its average volume of 521,474. Wingstop Inc. has a 52-week low of $266.45 and a 52-week high of $433.86. The company has a market cap of $8.90 billion, a PE ratio of 88.83, a price-to-earnings-growth ratio of 2.76 and a beta of 1.81. The firm has a fifty day moving average of $293.49 and a 200 day moving average of $342.88.

Wingstop announced that its Board of Directors has initiated a stock buyback plan on Thursday, December 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to reacquire up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, SVP Raj Kapoor sold 266 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $324.38, for a total value of $86,285.08. Following the completion of the sale, the senior vice president now owns 266 shares of the company's stock, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by insiders.

About Wingstop

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.