Northwestern Mutual Wealth Management Co. Has $28,000 Holdings in Wingstop Inc. (NASDAQ:WING)

Northwestern Mutual Wealth Management Co. lessened its holdings in Wingstop Inc. (NASDAQ:WING) by 51.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65 shares of the restaurant operator’s stock after selling 68 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Wingstop were worth $28,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Hollencrest Capital Management bought a new position in shares of Wingstop in the 2nd quarter valued at $27,000. Rise Advisors LLC bought a new position in Wingstop in the first quarter valued at about $29,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Wingstop during the second quarter valued at about $34,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Wingstop by 60.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 35 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 40 shares during the last quarter.

Wingstop Stock Up 2.2 %

WING stock opened at $403.82 on Monday. The firm has a market capitalization of $11.83 billion, a PE ratio of 143.71, a P/E/G ratio of 3.94 and a beta of 1.71. Wingstop Inc. has a twelve month low of $173.03 and a twelve month high of $433.86. The stock’s 50 day moving average is $394.19 and its 200-day moving average is $388.04.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The firm had revenue of $155.70 million for the quarter, compared to the consensus estimate of $146.04 million. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. On average, equities research analysts anticipate that Wingstop Inc. will post 3.79 earnings per share for the current fiscal year.

Wingstop Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a $0.27 dividend. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, August 16th. This represents a $1.08 annualized dividend and a yield of 0.27%. Wingstop’s dividend payout ratio (DPR) is 38.43%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WING shares. Stephens reiterated an “overweight” rating and set a $475.00 target price on shares of Wingstop in a research report on Wednesday, August 14th. Morgan Stanley boosted their price objective on shares of Wingstop from $390.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th. TD Cowen reaffirmed a “buy” rating and set a $450.00 target price on shares of Wingstop in a research report on Wednesday, July 31st. Barclays upped their price target on Wingstop from $418.00 to $425.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Truist Financial raised their price objective on Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Wingstop currently has an average rating of “Hold” and a consensus target price of $382.00.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the completion of the sale, the senior vice president now owns 97 shares in the company, valued at approximately $36,152.87. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.

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.