Mutual of America Capital Management LLC Reduces Holdings in Wingstop Inc. (NASDAQ:WING)

Mutual of America Capital Management LLC decreased its position in Wingstop Inc. (NASDAQ:WING) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,187 shares of the restaurant operator’s stock after selling 1,304 shares during the period. Mutual of America Capital Management LLC’s holdings in Wingstop were worth $4,666,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WING. Alliancebernstein L.P. grew its stake in shares of Wingstop by 1,176.9% in the 4th quarter. Alliancebernstein L.P. now owns 899,336 shares of the restaurant operator’s stock valued at $123,767,000 after buying an additional 828,904 shares during the period. 1832 Asset Management L.P. purchased a new stake in shares of Wingstop in the 4th quarter valued at approximately $61,571,000. Artisan Partners Limited Partnership grew its stake in shares of Wingstop by 64.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,079,939 shares of the restaurant operator’s stock valued at $194,216,000 after buying an additional 422,727 shares during the period. American Century Companies Inc. lifted its holdings in shares of Wingstop by 29.4% in the 3rd quarter. American Century Companies Inc. now owns 1,626,558 shares of the restaurant operator’s stock worth $292,520,000 after acquiring an additional 370,032 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Wingstop by 18,061.1% in the 1st quarter. Balyasny Asset Management L.P. now owns 274,778 shares of the restaurant operator’s stock worth $50,444,000 after acquiring an additional 273,265 shares during the last quarter.

Wingstop Trading Down 1.7 %

Wingstop stock opened at $358.85 on Tuesday. The stock has a market cap of $10.54 billion, a P/E ratio of 152.70, a price-to-earnings-growth ratio of 6.48 and a beta of 1.68. The company has a fifty day simple moving average of $343.27 and a 200-day simple moving average of $270.65. Wingstop Inc. has a 12-month low of $150.08 and a 12-month high of $379.00.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. The business had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $120.47 million. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. As a group, sell-side analysts forecast that Wingstop Inc. will post 3 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.25%. Wingstop’s dividend payout ratio (DPR) is currently 37.45%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WING shares. Sanford C. Bernstein started coverage on shares of Wingstop in a report on Wednesday, February 14th. They issued an “outperform” rating and a $340.00 price objective on the stock. TD Cowen restated a “buy” rating and issued a $410.00 price objective on shares of Wingstop in a report on Wednesday, April 10th. Truist Financial restated a “hold” rating and issued a $292.00 price objective on shares of Wingstop in a report on Monday, April 1st. Stifel Nicolaus upped their price objective on shares of Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Morgan Stanley upped their price objective on shares of Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $271.83.

Insider Transactions at Wingstop

In related news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the sale, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the sale, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kilandigalu Madati sold 1,472 shares of Wingstop stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the sale, the director now owns 5,450 shares in the company, valued at $1,852,291.50. The disclosure for this sale can be found here. In the last three months, insiders sold 14,901 shares of company stock valued at $5,120,605. Insiders own 0.36% of the company’s stock.

Wingstop 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.