Wealth Enhancement Advisory Services LLC Cuts Holdings in Wingstop Inc. $WING

Wealth Enhancement Advisory Services LLC reduced its holdings in Wingstop Inc. (NASDAQ:WING) by 35.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,586 shares of the restaurant operator’s stock after selling 3,117 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Wingstop were worth $1,366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quaker Wealth Management LLC lifted its holdings in Wingstop by 134.2% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 408 shares during the period. Ameriflex Group Inc. acquired a new position in shares of Wingstop during the 2nd quarter worth $43,000. Hantz Financial Services Inc. increased its holdings in shares of Wingstop by 4,200.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 126 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of Wingstop by 623.8% in the second quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 131 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Wingstop by 26.2% in the second quarter. Signaturefd LLC now owns 188 shares of the restaurant operator’s stock valued at $63,000 after purchasing an additional 39 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WING. Royal Bank Of Canada upped their target price on shares of Wingstop from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. UBS Group restated a “neutral” rating and issued a $295.00 price target on shares of Wingstop in a report on Tuesday, October 28th. Loop Capital initiated coverage on Wingstop in a report on Friday, January 9th. They set a “buy” rating and a $317.00 price objective for the company. Sanford C. Bernstein decreased their target price on Wingstop from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus dropped their price target on Wingstop from $300.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $340.00.

Insider Buying and Selling

In other Wingstop news, Director Kilandigalu Madati sold 269 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total value of $69,931.93. Following the completion of the transaction, the director directly owned 5,283 shares in the company, valued at approximately $1,373,421.51. The trade was a 4.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.72% of the company’s stock.

Wingstop Trading Down 2.5%

Wingstop stock opened at $265.43 on Friday. The stock has a 50-day moving average price of $259.77 and a 200 day moving average price of $274.28. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $388.14. The stock has a market cap of $7.38 billion, a PE ratio of 43.23, a P/E/G ratio of 3.42 and a beta of 1.77.

Wingstop (NASDAQ:WING) last released its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.18. The company had revenue of $175.74 million for the quarter, compared to analyst estimates of $189.10 million. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. On average, equities analysts predict that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were given a dividend of $0.30 per share. The ex-dividend date was Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. Wingstop’s dividend payout ratio (DPR) is 19.54%.

About Wingstop

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.