Wingstop Inc. $WING Shares Sold by Savant Capital LLC

Savant Capital LLC cut its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 28.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,403 shares of the restaurant operator’s stock after selling 2,517 shares during the quarter. Savant Capital LLC’s holdings in Wingstop were worth $1,612,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Quaker Wealth Management LLC raised its stake in Wingstop by 134.2% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 408 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in Wingstop by 1,650.0% in the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Wingstop by 4,200.0% in the second quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 126 shares during the last quarter. True Wealth Design LLC raised its holdings in Wingstop by 623.8% during the second quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 131 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in 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 in the last quarter.

Analyst Upgrades and Downgrades

WING has been the topic of a number of recent analyst reports. Sanford C. Bernstein dropped their target price on shares of Wingstop from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. TD Cowen downgraded shares of Wingstop from a “buy” rating to a “hold” rating in a research report on Tuesday. BTIG Research reduced their target price on shares of Wingstop from $430.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Melius Research set a $350.00 price target on Wingstop in a report on Tuesday, January 20th. Finally, Benchmark dropped their price target on Wingstop from $340.00 to $320.00 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $338.75.

Wingstop Trading Up 6.7%

NASDAQ:WING opened at $281.75 on Tuesday. The company has a market capitalization of $7.83 billion, a P/E ratio of 45.89, a price-to-earnings-growth ratio of 3.31 and a beta of 1.80. The firm has a 50-day moving average price of $261.33 and a two-hundred day moving average price of $271.92. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $388.14.

Insider Buying and Selling

In other news, Director Kilandigalu Madati sold 269 shares of the 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 transaction, the director directly owned 5,283 shares in the company, valued at $1,373,421.51. This represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.72% of the stock is owned by company insiders.

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.