Thrivent Financial for Lutherans Has $56.64 Million Position in Wingstop Inc. $WING

Thrivent Financial for Lutherans lowered its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 5.3% during the fourth quarter, HoldingsChannel reports. The firm owned 237,505 shares of the restaurant operator’s stock after selling 13,409 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Wingstop were worth $56,643,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WING. Baird Financial Group Inc. acquired a new stake in shares of Wingstop during the first quarter worth about $256,000. Jones Financial Companies Lllp raised its position in shares of Wingstop by 2,770.6% during the first quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock worth $440,000 after purchasing an additional 1,884 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Wingstop by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock worth $20,852,000 after purchasing an additional 4,937 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Wingstop by 121.4% during the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 119 shares during the period. Finally, Sivia Capital Partners LLC raised its position in Wingstop by 45.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock valued at $467,000 after buying an additional 434 shares during the last quarter.

Wingstop Stock Up 8.6%

NASDAQ:WING opened at $129.21 on Friday. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 1.44 and a beta of 1.86. Wingstop Inc. has a twelve month low of $116.35 and a twelve month high of $388.14. The stock’s 50 day moving average price is $174.02 and its two-hundred day moving average price is $225.67.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $183.73 million for the quarter, compared to analyst estimates of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. As a group, analysts anticipate that Wingstop Inc. will post 4.58 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, May 15th. Wingstop’s payout ratio is currently 29.85%.

Insider Activity at Wingstop

In other news, Director Wesley S. Mcdonald sold 566 shares of Wingstop stock in a transaction that occurred 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 transaction, the director directly owned 4,375 shares in the company, valued at approximately $1,093,750. The trade was a 11.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kilandigalu Madati sold 2,700 shares of Wingstop stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total value of $703,971.00. Following the transaction, the director owned 2,583 shares of the company’s stock, valued at $673,465.59. This represents a 51.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

WING has been the topic of a number of recent research reports. Piper Sandler raised Wingstop from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $283.00 to $190.00 in a research report on Thursday, April 2nd. Stifel Nicolaus dropped their target price on Wingstop from $325.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Wolfe Research initiated coverage on Wingstop in a research report on Monday, March 9th. They issued an “outperform” rating and a $320.00 target price on the stock. Wells Fargo & Company dropped their target price on Wingstop from $225.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Raymond James Financial raised Wingstop from an “outperform” rating to a “strong-buy” rating and dropped their target price for the company from $325.00 to $240.00 in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $282.41.

Wingstop Profile

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.