Wingstop Inc. $WING Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Wingstop Inc. (NASDAQ:WING) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,634 shares of the restaurant operator’s stock after acquiring an additional 267 shares during the period. SG Americas Securities LLC’s holdings in Wingstop were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in WING. Mutual of America Capital Management LLC boosted its position in shares of Wingstop by 7.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 16,553 shares of the restaurant operator’s stock valued at $3,734,000 after purchasing an additional 1,122 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Wingstop in the first quarter valued at approximately $753,000. Avantax Advisory Services Inc. boosted its holdings in shares of Wingstop by 61.3% in the first quarter. Avantax Advisory Services Inc. now owns 3,593 shares of the restaurant operator’s stock valued at $810,000 after acquiring an additional 1,366 shares during the period. Assetmark Inc. grew its position in shares of Wingstop by 5.3% during the first quarter. Assetmark Inc. now owns 9,522 shares of the restaurant operator’s stock worth $2,148,000 after acquiring an additional 480 shares during the last quarter. Finally, TD Asset Management Inc acquired a new position in shares of Wingstop in the 1st quarter valued at $11,400,000.

Wingstop Trading Down 1.5%

Shares of WING opened at $259.08 on Thursday. The stock’s 50 day moving average is $246.56 and its two-hundred day moving average is $300.16. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $388.14. The firm has a market capitalization of $7.20 billion, a PE ratio of 42.20, a P/E/G ratio of 3.63 and a beta of 1.73.

Wingstop (NASDAQ:WING) last issued its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.The business had revenue of $175.74 million during the quarter, compared to the consensus estimate of $189.10 million. During the same period in the prior year, the business posted $0.88 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts predict that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. Wingstop’s dividend payout ratio (DPR) is 19.54%.

Insider Activity at Wingstop

In other news, Director Kilandigalu Madati sold 269 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $259.97, for a total transaction of $69,931.93. Following the transaction, the director directly owned 5,283 shares of the company’s stock, valued at $1,373,421.51. This represents a 4.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

WING has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of Wingstop from $375.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Truist Financial decreased their target price on shares of Wingstop from $400.00 to $365.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen cut Wingstop from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Wells Fargo & Company reduced their price objective on Wingstop from $365.00 to $330.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Finally, BMO Capital Markets lowered their target price on Wingstop from $345.00 to $280.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Wingstop currently has a consensus rating of “Moderate Buy” and an average target price of $335.96.

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.