Midwest Trust 13F: Exits Wingstop (WING) Stake

Midwest Trust closed out its position in Wingstop Inc. WING, selling all 16,861 shares it held in the restaurant operator. The complete exit was disclosed in a Form 13F filing with the SEC on October 22, 2026. The fund held no remaining shares after the transaction, dropping its stake down to zero from 16,861 shares. Wingstop closed at $120.87 on the day of the filing.

WING Wingstop Inc.

$120.87 ▼ -52.62% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Other Institutional Activity in Wingstop Inc.

Other large investors adjusted their holdings in Wingstop around the same reporting period. Darsana Capital Partners, LP grew its holdings by 250,000 shares, ending with 1,500,000 shares worth about $181,305,004 after a 20.0% increase. Massachusetts Financial Services Co. grew its holdings by 11,401 shares, ending with 1,307,004 shares worth about $157,977,577 after a 0.9% increase. American Century Companies Inc reduced its stake by 148,419 shares, ending with 961,668 shares worth about $116,236,813 following a 13.4% decrease. Marshall Wace LLP grew its holdings by 480,664 shares, ending with 961,328 shares worth about $116,195,718 after a 100.0% increase. Alyeska Investment Group, L.p. grew its holdings by 290,523 shares, ending with 942,943 shares worth about $113,973,522 after a 44.5% increase.

Wingstop Inc. Stock Up 0.8%

Wingstop shares recently traded around $120.87 as of October 23, 2026. The stock closed at $120.87 on October 22, 2026. The shares sit well below their 52-week high of $302.80 and below the 200-day moving average of $167.56, while holding above the 50-week low of $95.82.

Recent Earnings

Wingstop generated trailing-twelve-month revenue of $720,718,976 with earnings of $4.22 per share. The company posted a net profit margin of 16.2% and year-over-year revenue growth of 6.4%. Its next earnings report is scheduled for October 28, 2026.

Dividend

Wingstop pays an annual dividend rate of $1.32 per share, giving the stock a dividend yield of 1.09%. The company maintains a dividend payout ratio of 28.4%, meaning it allocates just over a quarter of its earnings to shareholder payouts while retaining the rest for restaurant expansion and operations.

Insider Buying and Selling at Wingstop Inc.

Insider transactions included Chief Technology Officer Christopher Fallon selling 177 shares on March 10, 2026, at an average price of $220.78 for a total value of $39,079. Later on May 12, 2026, Fallon sold another 250 shares at $125.93 per share, totaling $31,482.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On September 17, 2026, RBC Capital maintained its Outperform rating while lowering its price target to $150.00 from $200.00. Morgan Stanley maintained an Overweight rating on October 15, 2026, dropping its target from $238.00 to $202.00. Citigroup maintained a Buy rating on October 16, 2026, adjusting its target to $191.00 from $208.00. StoneX maintained a Buy rating on October 20, 2026, lowering its target to $185.00 from $245.00. Baird maintained an Outperform rating on October 22, 2026, moving its target to $150.00 from $160.00. Across the broader analyst community, the stock carries a consensus buy recommendation and a mean price target of $190.00.

About Wingstop Inc.

Wingstop operates and franchises quick-service restaurants specializing in chicken wings, tenders, and sandwiches across the United States and several international markets. Founded in 1994 and based in Dallas, Texas, the company relies on a franchise-heavy business model and cooks its orders fresh. Institutional adjustments like Midwest Trust's exit offer context on how professional managers handle the restaurant chain as shares trade below their long-term moving averages.

Bottom Line

Midwest Trust's complete sale removes its exposure to Wingstop as the restaurant chain prepares to report earnings on October 28, 2026. Observers will watch upcoming filings to see if other asset managers follow suit or step in to buy shares at current trading levels.