SG Americas Securities LLC Acquires 4,695 Shares of Wingstop Inc. $WING

SG Americas Securities LLC increased its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 287.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,329 shares of the restaurant operator’s stock after purchasing an additional 4,695 shares during the quarter. SG Americas Securities LLC’s holdings in Wingstop were worth $1,593,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in WING. Baird Financial Group Inc. purchased a new stake in Wingstop during the 1st quarter valued at approximately $256,000. Jones Financial Companies Lllp lifted its holdings in shares of Wingstop by 2,770.6% in the first quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock worth $440,000 after buying an additional 1,884 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Wingstop by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock worth $20,852,000 after acquiring an additional 4,937 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Wingstop by 121.4% during the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 119 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Wingstop by 22.3% during the second quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $61,000 after acquiring an additional 33 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on WING shares. Loop Capital initiated coverage on shares of Wingstop in a report on Friday, January 9th. They set a “buy” rating and a $317.00 price objective for the company. Benchmark dropped their price target on Wingstop from $340.00 to $320.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Jefferies Financial Group restated a “buy” rating and set a $350.00 price target on shares of Wingstop in a report on Monday, December 15th. The Goldman Sachs Group decreased their price objective on Wingstop from $370.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Finally, Barclays increased their target price on Wingstop from $295.00 to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Four analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $340.64.

Insider Transactions at Wingstop

In other Wingstop news, Director Kilandigalu Madati sold 269 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total value of $69,931.93. Following the transaction, the director owned 5,283 shares of the company’s stock, valued at $1,373,421.51. This represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.72% of the stock is currently owned by insiders.

Wingstop Stock Performance

NASDAQ:WING opened at $270.73 on Friday. The firm has a market capitalization of $7.52 billion, a PE ratio of 44.09, a PEG ratio of 3.13 and a beta of 1.77. The stock’s fifty day moving average is $251.83 and its 200 day moving average is $278.93. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $388.14.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The firm had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. During the same period in the previous year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. Wingstop’s payout ratio is presently 19.54%.

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.