Creative Planning Boosts Stock Position in Wingstop Inc. (NASDAQ:WING)

Creative Planning raised its stake in Wingstop Inc. (NASDAQ:WING) by 44.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,463 shares of the restaurant operator’s stock after acquiring an additional 448 shares during the period. Creative Planning’s holdings in Wingstop were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of WING. Vanguard Group Inc. lifted its position in shares of Wingstop by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock valued at $1,071,473,000 after acquiring an additional 104,780 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Wingstop by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock worth $833,026,000 after buying an additional 101,917 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Wingstop by 36.6% during the 2nd quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock worth $254,860,000 after buying an additional 161,600 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Wingstop by 2.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 600,905 shares of the restaurant operator’s stock valued at $253,979,000 after acquiring an additional 16,526 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Wingstop by 284.1% in the 2nd quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator’s stock valued at $161,957,000 after acquiring an additional 283,412 shares during the last quarter.

Wingstop Trading Up 2.2 %

NASDAQ WING opened at $403.82 on Monday. The company has a 50-day moving average price of $394.19 and a two-hundred day moving average price of $388.04. Wingstop Inc. has a 52 week low of $173.03 and a 52 week high of $433.86. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 143.71, a price-to-earnings-growth ratio of 3.94 and a beta of 1.71.

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

Wingstop Increases Dividend

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

Insider Buying and Selling

In other news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction 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 represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on WING shares. Stephens reaffirmed an “overweight” rating and issued a $475.00 target price on shares of Wingstop in a research note on Wednesday, August 14th. BMO Capital Markets increased their price objective on Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their target price on shares of Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. The Goldman Sachs Group boosted their price objective on shares of Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Raymond James upgraded shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Thursday, August 1st. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Wingstop has a consensus rating of “Hold” and an average target price of $382.00.

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.