Mutual of America Capital Management LLC Has $6.59 Million Position in Wingstop Inc. (NASDAQ:WING)

Mutual of America Capital Management LLC cut its stake in shares of Wingstop Inc. (NASDAQ:WING) by 5.8% in the third quarter, Holdings Channel reports. The fund owned 15,838 shares of the restaurant operator’s stock after selling 979 shares during the period. Mutual of America Capital Management LLC’s holdings in Wingstop were worth $6,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hollencrest Capital Management bought a new position in Wingstop during the 2nd quarter valued at about $27,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Wingstop in the second quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after acquiring an additional 35 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Wingstop by 60.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 40 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Wingstop by 384.6% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after acquiring an additional 100 shares during the last quarter.

Wingstop Trading Up 2.7 %

Wingstop stock opened at $335.58 on Wednesday. The firm has a market capitalization of $9.80 billion, a P/E ratio of 97.84, a PEG ratio of 2.95 and a beta of 1.76. The business has a 50-day moving average of $374.77 and a 200-day moving average of $383.66. Wingstop Inc. has a 1 year low of $227.54 and a 1 year high of $433.86.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). The firm had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. Research analysts anticipate that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.32%. The ex-dividend date is Friday, November 15th. Wingstop’s payout ratio is presently 31.49%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WING shares. BMO Capital Markets lifted their price objective on Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Citigroup upped their price target on shares of Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Wedbush reissued an “outperform” rating and set a $390.00 price objective on shares of Wingstop in a report on Tuesday, November 5th. TD Cowen dropped their target price on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group raised shares of Wingstop from a “neutral” rating to a “buy” rating and decreased their price target for the company from $458.00 to $377.00 in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Wingstop presently has a consensus rating of “Moderate Buy” and an average target price of $368.74.

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.