Wingstop Inc. $WING Shares Bought by Bamco Inc. NY

Bamco Inc. NY grew its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,779 shares of the restaurant operator’s stock after purchasing an additional 2,745 shares during the period. Bamco Inc. NY owned approximately 0.57% of Wingstop worth $40,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in WING. WCM Investment Management LLC boosted its holdings in Wingstop by 123.9% during the third quarter. WCM Investment Management LLC now owns 102,687 shares of the restaurant operator’s stock worth $25,861,000 after buying an additional 56,833 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Wingstop by 17.1% in the third quarter. TD Asset Management Inc now owns 57,586 shares of the restaurant operator’s stock valued at $14,493,000 after buying an additional 8,414 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in shares of Wingstop by 17.3% in the second quarter. Champlain Investment Partners LLC now owns 741,097 shares of the restaurant operator’s stock valued at $249,557,000 after buying an additional 109,108 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Wingstop by 287.3% during the 3rd quarter. SG Americas Securities LLC now owns 6,329 shares of the restaurant operator’s stock valued at $1,593,000 after acquiring an additional 4,695 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Wingstop by 61.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,825 shares of the restaurant operator’s stock worth $951,000 after acquiring an additional 1,072 shares during the last quarter.

Wingstop Stock Up 5.3%

Shares of Wingstop stock opened at $203.44 on Monday. Wingstop Inc. has a 12 month low of $192.87 and a 12 month high of $388.14. The stock has a market cap of $5.59 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.82. The business has a fifty day simple moving average of $255.95 and a 200-day simple moving average of $256.23.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.16. The firm had revenue of $175.69 million for the quarter, compared to analyst estimates of $177.74 million. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.Wingstop’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. Analysts expect that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a $0.30 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. Wingstop’s dividend payout ratio is currently 19.42%.

Insider Transactions at Wingstop

In related news, Director Wesley S. Mcdonald sold 566 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $250.00, for a total transaction of $141,500.00. Following the transaction, the director directly owned 4,375 shares of the company’s stock, valued at approximately $1,093,750. The trade was a 11.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kilandigalu Madati sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total transaction of $703,971.00. Following the completion of the transaction, the director owned 2,583 shares in the company, valued at approximately $673,465.59. This represents a 51.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WING. DA Davidson initiated coverage on Wingstop in a research report on Friday, March 6th. They set a “buy” rating and a $330.00 target price on the stock. Stifel Nicolaus lifted their price target on Wingstop from $290.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Benchmark restated a “buy” rating on shares of Wingstop in a report on Thursday, February 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 price objective on shares of Wingstop in a research note on Monday, December 15th. Finally, Truist Financial set a $374.00 target price on shares of Wingstop and gave the stock a “buy” rating in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $337.29.

Wingstop Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.