SG Americas Securities LLC Purchases 35,020 Shares of Wingstop Inc. $WING

SG Americas Securities LLC boosted its position in shares of Wingstop Inc. (NASDAQ:WING) by 553.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,349 shares of the restaurant operator’s stock after buying an additional 35,020 shares during the period. SG Americas Securities LLC owned approximately 0.15% of Wingstop worth $9,861,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Lone Pine Capital LLC acquired a new position in shares of Wingstop in the 3rd quarter valued at approximately $375,317,000. Steadfast Capital Management LP boosted its position in shares of Wingstop by 296.2% during the 3rd quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock worth $239,227,000 after acquiring an additional 710,621 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Wingstop by 50.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 949,033 shares of the restaurant operator’s stock valued at $238,853,000 after acquiring an additional 316,328 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in Wingstop by 20.8% in the third quarter. Artisan Partners Limited Partnership now owns 890,451 shares of the restaurant operator’s stock valued at $224,109,000 after acquiring an additional 153,082 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its position in Wingstop by 3.5% during the third quarter. Champlain Investment Partners LLC now owns 767,208 shares of the restaurant operator’s stock valued at $193,091,000 after purchasing an additional 26,111 shares in the last quarter.

Insider Activity

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

Wingstop Price Performance

Shares of Wingstop stock opened at $154.46 on Monday. The company’s 50 day moving average price is $237.67 and its two-hundred day moving average price is $246.84. The firm has a market capitalization of $4.22 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.69 and a beta of 1.82. Wingstop Inc. has a fifty-two week low of $153.23 and a fifty-two week high of $388.14.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.16. Wingstop had a net margin of 25.01% and a negative return on equity of 16.12%. The company had revenue of $175.69 million during the quarter, compared to the consensus estimate of $177.74 million. During the same period in the prior year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, March 6th. Wingstop’s dividend payout ratio is presently 19.42%.

Analyst Upgrades and Downgrades

WING has been the subject of several recent analyst reports. Mizuho cut their target price on Wingstop from $320.00 to $310.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. Stephens reiterated an “overweight” rating and issued a $375.00 price target on shares of Wingstop in a research note on Thursday, February 19th. TD Cowen reissued a “hold” rating and set a $285.00 price target on shares of Wingstop in a report on Wednesday, February 18th. Benchmark restated a “buy” rating on shares of Wingstop in a research report on Thursday, February 19th. Finally, Truist Financial set a $374.00 price objective on Wingstop and gave the company a “buy” rating in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Wingstop currently has an average rating of “Moderate Buy” and a consensus target price of $334.61.

Wingstop Company 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.