Neuberger Berman Group LLC Purchases 48,551 Shares of Wingstop Inc. $WING

Neuberger Berman Group LLC grew its position in shares of Wingstop Inc. (NASDAQ:WING) by 26.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,519 shares of the restaurant operator’s stock after buying an additional 48,551 shares during the period. Neuberger Berman Group LLC owned approximately 0.84% of Wingstop worth $78,635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WING. Freedom Investment Management Inc. grew its stake in shares of Wingstop by 2.2% in the second quarter. Freedom Investment Management Inc. now owns 1,371 shares of the restaurant operator’s stock valued at $462,000 after acquiring an additional 30 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Wingstop by 16.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 223 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 32 shares during the period. Wedmont Private Capital grew its position in shares of Wingstop by 2.9% during the 2nd quarter. Wedmont Private Capital now owns 1,165 shares of the restaurant operator’s stock worth $389,000 after purchasing an additional 33 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Wingstop by 22.3% during the second quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 33 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Wingstop by 0.5% during the second quarter. Harbor Capital Advisors Inc. now owns 6,569 shares of the restaurant operator’s stock worth $2,212,000 after purchasing an additional 34 shares during the period.

Insider Activity

In other news, Director Kilandigalu Madati sold 269 shares of the 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. This represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

Wingstop Stock Down 1.5%

Wingstop stock opened at $259.08 on Friday. The stock has a market cap of $7.20 billion, a PE ratio of 42.20, a P/E/G ratio of 3.57 and a beta of 1.73. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $388.14. The business’s 50-day moving average price is $246.62 and its two-hundred day moving average price is $299.88.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company posted $0.88 EPS. As a group, analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. Wingstop’s dividend payout ratio is 19.54%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Sanford C. Bernstein lowered their price objective on Wingstop from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $363.00 price target on shares of Wingstop in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Wingstop in a research report on Tuesday. BTIG Research reduced their price objective on shares of Wingstop from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, Zacks Research cut shares of Wingstop from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $335.96.

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.