Coldstream Capital Management Inc. Buys 316 Shares of Wingstop Inc. (NASDAQ:WING)

Coldstream Capital Management Inc. raised its stake in Wingstop Inc. (NASDAQ:WING) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,875 shares of the restaurant operator’s stock after acquiring an additional 316 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Wingstop were worth $481,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in Wingstop by 542.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator’s stock worth $2,764,000 after purchasing an additional 9,097 shares during the last quarter. Comerica Bank acquired a new stake in shares of Wingstop during the third quarter worth $4,021,000. Strs Ohio boosted its position in shares of Wingstop by 12.4% in the fourth quarter. Strs Ohio now owns 79,100 shares of the restaurant operator’s stock valued at $20,295,000 after acquiring an additional 8,700 shares during the period. Teza Capital Management LLC acquired a new position in shares of Wingstop in the third quarter valued at about $1,961,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Wingstop during the fourth quarter worth about $103,899,000.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WING. Wedbush increased their target price on shares of Wingstop from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. BMO Capital Markets raised their price objective on Wingstop from $275.00 to $325.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Truist Financial upped their target price on Wingstop from $320.00 to $345.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Jefferies Financial Group raised their price target on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Finally, Sanford C. Bernstein initiated coverage on shares of Wingstop in a research report on Wednesday, February 14th. They set an “outperform” rating and a $340.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $330.39.

Wingstop Trading Up 0.7 %

NASDAQ:WING opened at $381.12 on Friday. The stock’s 50-day moving average is $369.92 and its 200-day moving average is $307.79. Wingstop Inc. has a 1-year low of $150.08 and a 1-year high of $400.99. The stock has a market cap of $11.17 billion, a P/E ratio of 135.63, a price-to-earnings-growth ratio of 4.86 and a beta of 1.67.

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

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.23%. Wingstop’s dividend payout ratio (DPR) is presently 31.32%.

Insider Transactions at Wingstop

In other news, Director Kate S. Lavelle sold 750 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $394.57, for a total value of $295,927.50. Following the sale, the director now directly owns 3,567 shares of the company’s stock, valued at approximately $1,407,431.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Marisa Carona sold 2,586 shares of the firm’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 completion of the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kate S. Lavelle sold 750 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $394.57, for a total value of $295,927.50. Following the completion of the transaction, the director now directly owns 3,567 shares in the company, valued at $1,407,431.19. The disclosure for this sale can be found here. Insiders sold 8,132 shares of company stock worth $3,150,183 over the last ninety days. 0.36% of the stock is owned by insiders.

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.