International Assets Investment Management LLC Acquires 1,256 Shares of Wingstop Inc. (NASDAQ:WING)

International Assets Investment Management LLC increased its holdings in Wingstop Inc. (NASDAQ:WING) by 4,651.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,283 shares of the restaurant operator’s stock after buying an additional 1,256 shares during the quarter. International Assets Investment Management LLC’s holdings in Wingstop were worth $329,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Comerica Bank bought a new stake in Wingstop in the 3rd quarter worth about $4,021,000. Teza Capital Management LLC bought a new stake in Wingstop in the 3rd quarter worth about $1,961,000. Legato Capital Management LLC grew its stake in shares of Wingstop by 5.6% during the 4th quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator’s stock valued at $412,000 after purchasing an additional 85 shares during the period. Alberta Investment Management Corp bought a new stake in shares of Wingstop during the 3rd quarter valued at about $634,000. Finally, Sei Investments Co. grew its stake in shares of Wingstop by 19.4% during the 3rd quarter. Sei Investments Co. now owns 141,628 shares of the restaurant operator’s stock valued at $25,472,000 after purchasing an additional 22,990 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WING shares. Jefferies Financial Group boosted their price target on Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Wedbush boosted their price target on Wingstop from $340.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup boosted their price target on Wingstop from $320.00 to $375.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Stifel Nicolaus boosted their price target on Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Robert W. Baird boosted their price target on Wingstop from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $294.17.

Insider Buying and Selling

In other news, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $371.96, for a total transaction of $961,888.56. Following the sale, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $371.96, for a total transaction of $961,888.56. Following the sale, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the sale, the director now directly owns 5,450 shares in the company, valued at $1,852,291.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,901 shares of company stock valued at $5,120,605. Corporate insiders own 0.36% of the company’s stock.

Wingstop Trading Up 3.4 %

NASDAQ WING opened at $382.56 on Friday. The stock’s 50 day moving average is $353.29 and its 200 day moving average is $279.41. Wingstop Inc. has a 12 month low of $150.08 and a 12 month high of $383.98. The stock has a market cap of $11.24 billion, a PE ratio of 162.79, a P/E/G ratio of 6.27 and a beta of 1.68.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The company had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $120.47 million. During the same period in the previous year, the firm earned $0.60 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. On average, analysts forecast that Wingstop Inc. will post 3.02 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $0.22 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.23%. Wingstop’s dividend payout ratio is presently 37.45%.

Wingstop Company Profile

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.