Zevenbergen Capital Investments LLC Trims Stock Position in Wingstop Inc. $WING

Zevenbergen Capital Investments LLC decreased its holdings in Wingstop Inc. (NASDAQ:WING) by 14.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 129,055 shares of the restaurant operator’s stock after selling 22,457 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in Wingstop were worth $30,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Yarbrough Capital LLC bought a new position in Wingstop in the fourth quarter worth approximately $218,000. Fluent Financial LLC purchased a new stake in shares of Wingstop in the 4th quarter worth $1,451,000. Paragon Advisors LLC increased its stake in shares of Wingstop by 6.5% in the 4th quarter. Paragon Advisors LLC now owns 4,567 shares of the restaurant operator’s stock worth $1,089,000 after purchasing an additional 278 shares in the last quarter. SG Americas Securities LLC raised its holdings in Wingstop by 553.3% in the 4th quarter. SG Americas Securities LLC now owns 41,349 shares of the restaurant operator’s stock worth $9,861,000 after purchasing an additional 35,020 shares during the period. Finally, Diversified Trust Co. raised its holdings in Wingstop by 57.5% in the 4th quarter. Diversified Trust Co. now owns 8,933 shares of the restaurant operator’s stock worth $2,130,000 after purchasing an additional 3,262 shares during the period.

Wingstop Stock Up 0.1%

NASDAQ WING opened at $154.64 on Tuesday. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.69 and a beta of 1.82. The business has a 50-day moving average price of $235.23 and a 200-day moving average price of $246.00. Wingstop Inc. has a twelve month low of $153.11 and a twelve month high of $388.14.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.16. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The company had revenue of $175.69 million for the quarter, compared to the consensus estimate of $177.74 million. During the same quarter last year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were given a dividend of $0.30 per share. The ex-dividend date was Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. Wingstop’s dividend payout ratio is currently 19.42%.

Insider Buying and Selling at Wingstop

In other Wingstop news, Director Kilandigalu Madati sold 2,700 shares of Wingstop stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total value of $703,971.00. Following the sale, the director directly owned 2,583 shares in the company, valued at approximately $673,465.59. The trade was a 51.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wesley S. Mcdonald sold 566 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $250.00, for a total transaction of $141,500.00. Following the completion of the sale, the director owned 4,375 shares in the company, valued at approximately $1,093,750. The trade was a 11.46% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on WING shares. The Goldman Sachs Group reissued a “buy” rating and set a $335.00 price target on shares of Wingstop in a report on Wednesday, February 18th. Royal Bank Of Canada lowered their price objective on Wingstop from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Stifel Nicolaus reduced their target price on shares of Wingstop from $325.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Jefferies Financial Group restated a “buy” rating and set a $350.00 target price on shares of Wingstop in a research note on Monday, December 15th. Finally, Barclays lowered their price target on shares of Wingstop from $335.00 to $330.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Wingstop has a consensus rating of “Moderate Buy” and an average price target of $332.55.

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.