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

Guggenheim Capital LLC trimmed its holdings in Wingstop Inc. (NASDAQ:WING) by 16.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,014 shares of the restaurant operator’s stock after selling 970 shares during the quarter. Guggenheim Capital LLC’s holdings in Wingstop were worth $920,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its stake in Wingstop by 39.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Wingstop during the 4th quarter valued at approximately $52,000. International Assets Investment Management LLC purchased a new stake in shares of Wingstop during the 1st quarter valued at approximately $57,000. IFP Advisors Inc raised its position in shares of Wingstop by 102.8% during the 4th quarter. IFP Advisors Inc now owns 1,288 shares of the restaurant operator’s stock valued at $72,000 after buying an additional 653 shares during the period. Finally, Spire Wealth Management purchased a new stake in shares of Wingstop during the 1st quarter valued at approximately $73,000.

Wingstop Trading Down 1.2 %

Shares of WING stock opened at $158.77 on Tuesday. The firm has a fifty day moving average price of $176.88 and a 200 day moving average price of $184.29. The company has a market cap of $4.76 billion, a P/E ratio of 75.61, a PEG ratio of 3.66 and a beta of 1.53. Wingstop Inc. has a 12 month low of $113.20 and a 12 month high of $223.77.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The firm had revenue of $107.10 million during the quarter, compared to the consensus estimate of $104.24 million. Wingstop had a net margin of 15.19% and a negative return on equity of 17.21%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, equities analysts forecast that Wingstop Inc. will post 2.17 EPS for the current year.

Wingstop Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.55%. This is an increase from Wingstop’s previous quarterly dividend of $0.19. Wingstop’s payout ratio is presently 41.90%.

Analysts Set New Price Targets

WING has been the topic of several analyst reports. Citigroup reduced their price target on shares of Wingstop from $210.00 to $185.00 in a research report on Thursday, August 3rd. TheStreet lowered shares of Wingstop from a “b-” rating to a “c+” rating in a research report on Monday, July 31st. Benchmark raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Thursday, August 3rd. Jefferies Financial Group reduced their price target on shares of Wingstop from $174.00 to $150.00 and set an “underperform” rating on the stock in a research report on Thursday, August 3rd. Finally, Truist Financial dropped their target price on shares of Wingstop from $196.00 to $186.00 and set a “hold” rating for the company in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $193.45.

Wingstop 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. Wingstop Inc was founded in 1994 and is headquartered in Addison, Texas.