J. Goldman & Co LP Boosts Stake in Wingstop Inc. (NASDAQ:WING)

J. Goldman & Co LP raised its position in shares of Wingstop Inc. (NASDAQ:WING) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,461 shares of the restaurant operator’s stock after acquiring an additional 398 shares during the period. J. Goldman & Co LP’s holdings in Wingstop were worth $984,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Wingstop by 521.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 73 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 35 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Wingstop during the fourth quarter valued at about $30,000. V Square Quantitative Management LLC grew its position in Wingstop by 34.9% during the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 37 shares during the period. Finally, Quarry LP purchased a new stake in Wingstop during the fourth quarter valued at about $41,000.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WING. Northcoast Research downgraded Wingstop from a “buy” rating to a “neutral” rating in a research report on Friday, February 21st. Benchmark reduced their price objective on Wingstop from $340.00 to $325.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. UBS Group reduced their price objective on Wingstop from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Raymond James restated an “outperform” rating and set a $330.00 price objective (down previously from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Finally, Wedbush reduced their price objective on Wingstop from $390.00 to $355.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $322.09.

Insider Activity

In other news, SVP Raj Kapoor sold 637 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the transaction, the senior vice president now directly owns 517 shares of the company’s stock, valued at approximately $141,177.19. This represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Wingstop Stock Down 3.2%

Shares of Wingstop stock opened at $267.34 on Monday. The firm has a market cap of $7.46 billion, a P/E ratio of 72.06, a P/E/G ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The business has a 50-day moving average price of $230.75 and a 200 day moving average price of $275.89.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.15. The firm had revenue of $171.09 million during the quarter, compared to analyst estimates of $172.25 million. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. Wingstop’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. As a group, equities research analysts anticipate that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Friday, May 16th. Wingstop’s dividend payout ratio (DPR) is presently 18.09%.

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.