Wingstop Inc. (NASDAQ:WING) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its position in shares of Wingstop Inc. (NASDAQ:WING – Get Rating) by 22.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 5,734 shares of the restaurant operator’s stock after selling 1,702 shares during the quarter. Guggenheim Capital LLC’s holdings in Wingstop were worth $720,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. James Investment Research Inc. acquired a new stake in Wingstop during the 3rd quarter worth about $30,000. Wipfli Financial Advisors LLC purchased a new position in shares of Wingstop during the 3rd quarter valued at about $47,000. IFP Advisors Inc raised its stake in shares of Wingstop by 535.0% during the 3rd quarter. IFP Advisors Inc now owns 635 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 535 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Wingstop during the 1st quarter valued at about $164,000. Finally, BTC Capital Management Inc. purchased a new position in shares of Wingstop during the 3rd quarter valued at about $203,000.

Wingstop Price Performance

Shares of Wingstop stock opened at $169.52 on Friday. The stock has a market cap of $5.07 billion, a P/E ratio of 95.77, a P/E/G ratio of 4.46 and a beta of 1.59. The stock’s 50 day simple moving average is $158.13 and its 200-day simple moving average is $147.35. Wingstop Inc. has a 1-year low of $67.67 and a 1-year high of $193.74.

Wingstop (NASDAQ:WING – Get Rating) last issued its earnings results on Wednesday, February 22nd. The restaurant operator reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.18. Wingstop had a negative return on equity of 13.52% and a net margin of 14.81%. The business had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $100.96 million. During the same period in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 45.7% compared to the same quarter last year. As a group, research analysts expect that Wingstop Inc. will post 1.9 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Thursday, March 9th. Wingstop’s dividend payout ratio is presently 42.94%.

Insider Activity at Wingstop

In related news, SVP Donnie Upshaw sold 1,088 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $172.50, for a total value of $187,680.00. Following the transaction, the senior vice president now directly owns 6,007 shares in the company, valued at $1,036,207.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Wingstop news, SVP Donnie Upshaw sold 1,088 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $172.50, for a total value of $187,680.00. Following the sale, the senior vice president now owns 6,007 shares of the company’s stock, valued at $1,036,207.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Krishnan Anand sold 862 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $173.21, for a total value of $149,307.02. Following the transaction, the director now owns 3,639 shares in the company, valued at $630,311.19. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on WING. UBS Group lifted their price objective on Wingstop from $145.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, February 23rd. Barclays lifted their price target on Wingstop from $167.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on Wingstop from $148.00 to $161.00 in a research note on Friday, February 24th. Wedbush lifted their price target on Wingstop from $177.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Finally, Royal Bank of Canada lifted their price target on Wingstop from $150.00 to $172.00 and gave the company a “sector perform” rating in a research note on Thursday, February 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $172.82.

About Wingstop

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Wingstop, Inc is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. It operates through Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants.