Park Avenue Securities LLC Purchases Shares of 2,651 Wingstop Inc. (NASDAQ:WING)

Park Avenue Securities LLC acquired a new stake in shares of Wingstop Inc. (NASDAQ:WINGGet Rating) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,651 shares of the restaurant operator’s stock, valued at approximately $332,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. James Investment Research Inc. acquired a new stake in shares of Wingstop during the 3rd quarter worth about $30,000. Castle Wealth Management LLC acquired a new stake in shares of Wingstop during the second quarter worth approximately $45,000. Wipfli Financial Advisors LLC bought a new position in shares of Wingstop in the third quarter valued at approximately $47,000. Lindbrook Capital LLC grew its position in Wingstop by 12.9% during the 2nd quarter. Lindbrook Capital LLC now owns 807 shares of the restaurant operator’s stock worth $60,000 after acquiring an additional 92 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in Wingstop by 3,766.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 812 shares of the restaurant operator’s stock worth $60,000 after acquiring an additional 791 shares during the last quarter.

Insider Activity

In related news, SVP Albert G. Mcgrath sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $159.77, for a total transaction of $239,655.00. Following the sale, the senior vice president now directly owns 2,357 shares in the company, valued at $376,577.89. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Michael Skipworth sold 3,827 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $158.98, for a total transaction of $608,416.46. Following the completion of the transaction, the chief executive officer now directly owns 17,070 shares in the company, valued at $2,713,788.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Albert G. Mcgrath sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $159.77, for a total value of $239,655.00. Following the completion of the sale, the senior vice president now owns 2,357 shares in the company, valued at approximately $376,577.89. The disclosure for this sale can be found here. Insiders sold 11,754 shares of company stock worth $1,877,998 over the last quarter. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on WING. Royal Bank of Canada increased their target price on Wingstop from $115.00 to $145.00 in a report on Thursday, October 27th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Wingstop from $135.00 to $148.00 in a research note on Friday, December 2nd. Barclays dropped their price objective on shares of Wingstop from $168.00 to $167.00 and set an “overweight” rating for the company in a research report on Thursday, January 5th. Citigroup increased their price objective on Wingstop from $150.00 to $186.00 and gave the company a “buy” rating in a research report on Thursday, October 27th. Finally, Wedbush boosted their target price on Wingstop from $157.00 to $177.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Wingstop Trading Up 3.7 %

Shares of Wingstop stock opened at $141.69 on Monday. The stock’s fifty day simple moving average is $150.89 and its 200 day simple moving average is $135.59. The company has a market capitalization of $4.24 billion, a PE ratio of 100.49, a PEG ratio of 6.15 and a beta of 1.62. Wingstop Inc. has a 12 month low of $67.67 and a 12 month high of $170.87.

Wingstop (NASDAQ:WINGGet Rating) last announced its quarterly earnings results on Wednesday, October 26th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. Wingstop had a negative return on equity of 11.46% and a net margin of 13.01%. The company had revenue of $92.67 million during the quarter, compared to the consensus estimate of $89.81 million. Analysts predict that Wingstop Inc. will post 1.66 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Friday, November 11th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 9th. Wingstop’s payout ratio is currently 53.90%.

Wingstop Company Profile

(Get Rating)

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide.

See Also

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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