Riverview Trust Co Buys New Holdings in Wingstop Inc. (NASDAQ:WING)

Riverview Trust Co bought a new stake in Wingstop Inc. (NASDAQ:WING) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 180 shares of the restaurant operator’s stock, valued at approximately $66,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in Wingstop in the first quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. purchased a new position in Wingstop in the fourth quarter valued at about $28,000. GAMMA Investing LLC raised its position in Wingstop by 53.3% in the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 shares during the period. FSC Wealth Advisors LLC purchased a new position in Wingstop in the fourth quarter valued at about $39,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in Wingstop in the fourth quarter valued at about $47,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Jefferies Financial Group lifted their target price on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Barclays lifted their target price on Wingstop from $350.00 to $418.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Citigroup lifted their target price on Wingstop from $375.00 to $398.00 and gave the stock a “neutral” 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 target price on the stock. Finally, Wedbush lifted their target price on Wingstop from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $343.37.

Insider Transactions at Wingstop

In other news, Director Kate S. Lavelle sold 750 shares of the business’s 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 transaction, the director now directly owns 3,567 shares in the company, valued at $1,407,431.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Kate S. Lavelle sold 750 shares of the 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 completion of the sale, the director now owns 3,567 shares in the company, valued at approximately $1,407,431.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction on 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 owns 8,170 shares of the company’s stock, valued at approximately $3,238,588. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,191 shares of company stock worth $2,443,547. Company insiders own 0.36% of the company’s stock.

Wingstop Stock Up 2.0 %

Shares of WING stock opened at $419.16 on Wednesday. The business has a 50 day moving average of $388.27 and a two-hundred day moving average of $336.16. Wingstop Inc. has a 52 week low of $150.08 and a 52 week high of $430.20. The company has a market cap of $12.28 billion, a P/E ratio of 149.17, a PEG ratio of 5.26 and a beta of 1.70.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The company had revenue of $145.70 million during the quarter, compared to the consensus estimate of $136.34 million. During the same period in the previous year, the firm posted $0.59 earnings per share. Wingstop’s quarterly revenue was up 34.0% compared to the same quarter last year. Analysts expect that Wingstop Inc. will post 3.4 EPS for the current fiscal year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.21%. Wingstop’s dividend payout ratio is presently 31.32%.

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.