Sanctuary Advisors LLC Purchases Shares of 1,266 Wingstop Inc. (NASDAQ:WING)

Sanctuary Advisors LLC acquired a new position in Wingstop Inc. (NASDAQ:WING) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,266 shares of the restaurant operator’s stock, valued at approximately $535,000.

Several other institutional investors have also modified their holdings of WING. CIBC Asset Management Inc lifted its holdings in Wingstop by 3.7% in the 2nd quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator’s stock valued at $347,000 after acquiring an additional 29 shares during the last quarter. Dark Forest Capital Management LP grew its position in Wingstop by 4.3% in the second quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator’s stock worth $318,000 after buying an additional 31 shares during the last quarter. Congress Asset Management Co. MA increased its holdings in shares of Wingstop by 0.3% in the fourth quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator’s stock valued at $2,920,000 after buying an additional 34 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after acquiring an additional 35 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 40 shares in the last quarter.

Insider Buying and Selling

In other news, SVP Donnie Upshaw sold 3,199 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $372.71, for a total value of $1,192,299.29. Following the sale, the senior vice president now directly owns 97 shares of the company’s stock, valued at approximately $36,152.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Raymond James raised 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. Citigroup upped their price target on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Morgan Stanley boosted their target price on shares of Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 16th. Finally, Wedbush raised their target price on Wingstop from $425.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $382.00.

Wingstop Price Performance

NASDAQ WING opened at $393.05 on Wednesday. Wingstop Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $433.86. The stock’s 50-day moving average is $395.62 and its two-hundred day moving average is $388.46. The firm has a market cap of $11.52 billion, a P/E ratio of 139.88, 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 the consensus estimate of $146.04 million. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The firm’s revenue was up 45.3% compared to the same quarter last year. During the same period last year, the business earned $0.57 EPS. On average, equities analysts expect that Wingstop Inc. will post 3.79 EPS for the current year.

Wingstop Increases Dividend

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

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.