King Luther Capital Management Corp Has $5.58 Million Stock Holdings in Wingstop Inc. (NASDAQ:WING)

King Luther Capital Management Corp boosted its stake in shares of Wingstop Inc. (NASDAQ:WING) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,765 shares of the restaurant operator’s stock after purchasing an additional 485 shares during the period. King Luther Capital Management Corp owned 0.07% of Wingstop worth $5,584,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. American Century Companies Inc. boosted its position in Wingstop by 29.4% during the third quarter. American Century Companies Inc. now owns 1,626,558 shares of the restaurant operator’s stock valued at $292,520,000 after purchasing an additional 370,032 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Wingstop by 11.6% in the third quarter. Wellington Management Group LLP now owns 1,167,230 shares of the restaurant operator’s stock valued at $209,915,000 after buying an additional 121,134 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Wingstop by 1.8% in the fourth quarter. Federated Hermes Inc. now owns 1,107,852 shares of the restaurant operator’s stock valued at $284,253,000 after buying an additional 19,540 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Wingstop by 64.3% in the third quarter. Artisan Partners Limited Partnership now owns 1,079,939 shares of the restaurant operator’s stock valued at $194,216,000 after buying an additional 422,727 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Wingstop by 155.7% in the fourth quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock valued at $224,093,000 after buying an additional 531,880 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on WING shares. Bank of America raised their price objective on Wingstop from $421.00 to $461.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Stephens reiterated an “overweight” rating and set a $425.00 target price on shares of Wingstop in a research note on Wednesday, May 1st. Robert W. Baird increased their target price on Wingstop from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Sanford C. Bernstein assumed coverage on Wingstop in a research note on Wednesday, February 14th. They set an “outperform” rating and a $340.00 target price on the stock. Finally, Barclays increased their target price on Wingstop from $350.00 to $418.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $330.39.

Wingstop Price Performance

Shares of NASDAQ WING traded up $2.69 during mid-day trading on Thursday, hitting $381.23. 42,468 shares of the stock traded hands, compared to its average volume of 466,243. The company has a market cap of $11.17 billion, a PE ratio of 134.71, a price-to-earnings-growth ratio of 4.88 and a beta of 1.67. Wingstop Inc. has a twelve month low of $150.08 and a twelve month high of $400.99. The firm has a 50 day simple moving average of $369.30 and a two-hundred day simple moving average of $307.28.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, topping the consensus estimate of $0.76 by $0.22. The firm had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. On average, equities research analysts anticipate that Wingstop Inc. will post 3.39 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Thursday, May 16th. Wingstop’s dividend payout ratio is 31.32%.

Insider Activity at Wingstop

In related news, Director Kilandigalu Madati sold 1,472 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the completion of the sale, the director now directly owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, 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 completion of the transaction, the director now directly owns 5,450 shares of the company’s stock, valued at $1,852,291.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Albert G. Mcgrath sold 4,230 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total value of $1,676,772.00. Following the completion of the transaction, the senior vice president now directly owns 8,170 shares of the company’s stock, valued at $3,238,588. The disclosure for this sale can be found here. Insiders sold 19,881 shares of company stock valued at $7,093,305 in the last three months. Corporate insiders own 0.36% of the company’s stock.

About Wingstop

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.