Wingstop Inc. $WING Shares Acquired by Wesbanco Bank Inc.

Wesbanco Bank Inc. lifted its stake in shares of Wingstop Inc. (NASDAQ:WING) by 61.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,900 shares of the restaurant operator’s stock after purchasing an additional 3,000 shares during the quarter. Wesbanco Bank Inc.’s holdings in Wingstop were worth $1,988,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Freedom Investment Management Inc. increased its stake in Wingstop by 2.2% in the 2nd quarter. Freedom Investment Management Inc. now owns 1,371 shares of the restaurant operator’s stock valued at $462,000 after buying an additional 30 shares during the period. Personal CFO Solutions LLC increased its stake in shares of Wingstop by 4.6% during the second quarter. Personal CFO Solutions LLC now owns 997 shares of the restaurant operator’s stock worth $336,000 after acquiring an additional 44 shares during the period. Centaurus Financial Inc. increased its stake in shares of Wingstop by 0.8% during the second quarter. Centaurus Financial Inc. now owns 5,555 shares of the restaurant operator’s stock worth $1,870,000 after acquiring an additional 46 shares during the period. Ballentine Partners LLC raised its holdings in Wingstop by 5.0% during the third quarter. Ballentine Partners LLC now owns 985 shares of the restaurant operator’s stock worth $248,000 after purchasing an additional 47 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in Wingstop by 4.2% in the second quarter. Verdence Capital Advisors LLC now owns 1,327 shares of the restaurant operator’s stock valued at $447,000 after purchasing an additional 54 shares during the period.

Wingstop Stock Performance

Shares of WING stock opened at $259.64 on Wednesday. The stock has a fifty day moving average price of $261.03 and a 200 day moving average price of $271.62. The stock has a market cap of $7.22 billion, a PE ratio of 42.29, a P/E/G ratio of 3.54 and a beta of 1.80. Wingstop Inc. has a 1 year low of $204.00 and a 1 year high of $388.14.

Insider Buying and Selling

In other Wingstop news, Director Kilandigalu Madati sold 269 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $259.97, for a total transaction 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. This trade represents a 4.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

WING has been the topic of several recent analyst reports. Citigroup boosted their target price on Wingstop from $267.00 to $286.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Loop Capital initiated coverage on Wingstop in a research note on Friday, January 9th. They issued a “buy” rating and a $317.00 price target on the stock. Wells Fargo & Company cut their price objective on Wingstop from $365.00 to $330.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Wall Street Zen downgraded Wingstop from a “hold” rating to a “sell” rating in a report on Saturday. Finally, BTIG Research decreased their target price on shares of Wingstop from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $338.93.

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.