West Oak Capital LLC Takes $92,000 Position in Wingstop Inc. (NASDAQ:WING)

West Oak Capital LLC purchased a new stake in shares of Wingstop Inc. (NASDAQ:WING) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 250 shares of the restaurant operator’s stock, valued at approximately $92,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in shares of Wingstop during the first quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Wingstop in the fourth quarter worth approximately $28,000. GAMMA Investing LLC grew its position in Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 40 shares during the last quarter. FSC Wealth Advisors LLC bought a new position in Wingstop during the fourth quarter valued at approximately $39,000. Finally, Riverview Trust Co bought a new position in Wingstop during the first quarter valued at approximately $66,000.

Wingstop Stock Down 0.9 %

Shares of NASDAQ:WING traded down $3.86 on Tuesday, hitting $420.78. 189,334 shares of the company traded hands, compared to its average volume of 456,079. Wingstop Inc. has a 52 week low of $150.08 and a 52 week high of $431.03. The stock has a 50 day simple moving average of $394.95 and a 200-day simple moving average of $342.36. The company has a market cap of $12.33 billion, a PE ratio of 149.74, a PEG ratio of 5.41 and a beta of 1.69.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, topping the consensus estimate of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The company had revenue of $145.70 million during the quarter, compared to the consensus estimate of $136.34 million. During the same period last year, the company earned $0.59 EPS. Wingstop’s revenue for the quarter was up 34.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Wingstop Inc. will post 3.4 earnings per share for the current year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.88 annualized dividend and a yield of 0.21%. Wingstop’s payout ratio is 31.32%.

Insiders Place Their Bets

In other Wingstop news, Director Ania Smith sold 566 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $380.91, for a total value of $215,595.06. Following the transaction, the director now directly owns 1,164 shares of the company’s stock, valued at $443,379.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Albert G. Mcgrath sold 4,230 shares of Wingstop stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the transaction, the senior vice president now directly owns 8,170 shares of the company’s stock, valued at approximately $3,238,588. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ania Smith sold 566 shares of Wingstop stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total value of $215,595.06. Following the transaction, the director now directly owns 1,164 shares in the company, valued at $443,379.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,191 shares of company stock valued at $2,443,547. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WING. Stifel Nicolaus increased their price objective on Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Wedbush increased their price objective on Wingstop from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Robert W. Baird raised their price target on Wingstop from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. The Goldman Sachs Group began coverage on Wingstop in a research note on Thursday, June 13th. They issued a “neutral” rating and a $407.00 price target for the company. Finally, Morgan Stanley raised their price target on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $352.39.

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.