GAMMA Investing LLC Buys 102,867 Shares of Wingstop Inc. (NASDAQ:WING)

GAMMA Investing LLC grew its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 46,128.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,090 shares of the restaurant operator's stock after acquiring an additional 102,867 shares during the quarter. GAMMA Investing LLC owned 0.37% of Wingstop worth $23,255,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in Wingstop by 103.2% during the 4th quarter. Blue Trust Inc. now owns 256 shares of the restaurant operator's stock valued at $73,000 after purchasing an additional 130 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Wingstop during the fourth quarter valued at approximately $205,000. Optimist Retirement Group LLC grew its holdings in shares of Wingstop by 33.8% during the fourth quarter. Optimist Retirement Group LLC now owns 815 shares of the restaurant operator's stock valued at $232,000 after buying an additional 206 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Wingstop by 14.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,170 shares of the restaurant operator's stock valued at $901,000 after acquiring an additional 400 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in Wingstop by 23.6% in the 4th quarter. Stephens Investment Management Group LLC now owns 268,560 shares of the restaurant operator's stock worth $76,325,000 after acquiring an additional 51,231 shares during the last quarter.

Insider Buying and Selling

In other Wingstop news, CEO Michael Skipworth sold 10,000 shares of the firm's 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 now owns 47,190 shares in the company, valued at $15,919,074.60. This trade represents a 17.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Raj Kapoor sold 637 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the transaction, the senior vice president now directly owns 517 shares of the company's stock, valued at approximately $141,177.19. This trade represents a 55.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Wingstop Stock Up 0.9%

WING stock traded up $3.17 during trading on Friday, reaching $374.82. The company's stock had a trading volume of 453,100 shares, compared to its average volume of 627,266. The company's fifty day moving average is $272.55 and its 200-day moving average is $276.85. The company has a market capitalization of $10.46 billion, a P/E ratio of 101.03, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a 1 year low of $204.00 and a 1 year high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The firm had revenue of $171.09 million during the quarter, compared to analysts' expectations of $172.25 million. During the same quarter last year, the business posted $0.98 earnings per share. The firm's revenue was up 17.4% on a year-over-year basis. Analysts anticipate 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 will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.29%. Wingstop's dividend payout ratio (DPR) is 18.09%.

Analyst Upgrades and Downgrades

A number of analysts have commented on WING shares. Bank of America lifted their target price on Wingstop from $319.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. TD Securities boosted their target price on Wingstop from $330.00 to $400.00 and gave the stock a "buy" rating in a research report on Thursday. Barclays lowered their target price on shares of Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Guggenheim raised their price target on shares of Wingstop from $280.00 to $325.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Benchmark decreased their price objective on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $348.35.

About Wingstop

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.