GAMMA Investing LLC Increases Holdings in Wingstop Inc. (NASDAQ:WING)

GAMMA Investing LLC lifted its holdings in Wingstop Inc. (NASDAQ:WING) by 104.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 457 shares of the restaurant operator’s stock after purchasing an additional 234 shares during the quarter. GAMMA Investing LLC’s holdings in Wingstop were worth $103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of WING. EverSource Wealth Advisors LLC raised its stake in shares of Wingstop by 521.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Wingstop by 93.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 62 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Wingstop in the fourth quarter worth $30,000. Finally, True Wealth Design LLC raised its stake in shares of Wingstop by 62.1% in the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator’s stock worth $40,000 after purchasing an additional 54 shares during the last quarter.

Insider Transactions at Wingstop

In related news, CEO Michael Skipworth sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the completion of the transaction, the chief executive officer directly owned 47,190 shares of the company’s stock, valued at approximately $15,919,074.60. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Raj Kapoor sold 637 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $273.07, for a total value of $173,945.59. Following the transaction, the senior vice president directly owned 517 shares of the company’s stock, valued at approximately $141,177.19. The trade was a 55.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

WING has been the subject of several recent analyst reports. TD Securities restated a “buy” rating and issued a $440.00 price target on shares of Wingstop in a research note on Tuesday, June 17th. Citigroup cut Wingstop from a “neutral” rating to a “cautious” rating in a research note on Wednesday, June 25th. Robert W. Baird lifted their price objective on Wingstop from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. Guggenheim lifted their price objective on Wingstop from $280.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Finally, Cowen reaffirmed a “buy” rating on shares of Wingstop in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $362.26.

Wingstop Stock Performance

NASDAQ:WING opened at $325.20 on Monday. The firm has a market capitalization of $9.07 billion, a PE ratio of 54.47, a P/E/G ratio of 4.58 and a beta of 1.84. The stock has a 50-day simple moving average of $324.86 and a two-hundred day simple moving average of $280.27. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $433.86.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. The firm had revenue of $171.09 million during the quarter, compared to analyst estimates of $172.25 million. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share. Equities analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Friday, May 16th. Wingstop’s dividend payout ratio (DPR) is 18.09%.

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.