Park Avenue Securities LLC acquired a new stake in shares of Wingstop Inc. (NASDAQ:WING – Get 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.
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
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:WING – Get 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
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.
- Get a free copy of the StockNews.com research report on Wingstop (WING)
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