Wingstop Inc. (NASDAQ:WING) Stock Position Lessened by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 71.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,367 shares of the restaurant operator's stock after selling 3,404 shares during the period. SG Americas Securities LLC's holdings in Wingstop were worth $308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc grew its stake in Wingstop by 8.8% during the 4th quarter. IFP Advisors Inc now owns 917 shares of the restaurant operator's stock worth $261,000 after purchasing an additional 74 shares in the last quarter. Advisor OS LLC purchased a new stake in shares of Wingstop in the 4th quarter valued at approximately $273,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Wingstop by 9.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,250 shares of the restaurant operator's stock valued at $1,208,000 after purchasing an additional 359 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Wingstop during the 4th quarter worth $10,177,000. Finally, Versor Investments LP grew its stake in shares of Wingstop by 149.0% during the fourth quarter. Versor Investments LP now owns 5,309 shares of the restaurant operator's stock worth $1,509,000 after purchasing an additional 3,177 shares in the last quarter.

Insider Activity at Wingstop

In other Wingstop news, CEO Michael Skipworth sold 10,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $337.34, for a total value of $3,373,400.00. Following the transaction, the chief executive officer now owns 47,190 shares of the company's stock, valued at $15,919,074.60. This trade represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Raj Kapoor sold 637 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $273.07, for a total value of $173,945.59. Following the sale, the senior vice president now owns 517 shares in the company, valued at $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. Company insiders own 0.72% of the company's stock.

Wingstop Stock Up 1.2%

Shares of WING stock traded up $4.19 during trading hours on Friday, hitting $347.61. 700,298 shares of the company were exchanged, compared to its average volume of 647,305. Wingstop Inc. has a 1 year low of $204.00 and a 1 year high of $433.86. The firm has a fifty day moving average of $310.95 and a 200 day moving average of $279.53. The firm has a market cap of $9.70 billion, a PE ratio of 58.23, a PEG ratio of 4.98 and a beta of 1.88.

Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. The business had revenue of $171.09 million for 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% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. Analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.27 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.31%. Wingstop's dividend payout ratio (DPR) is currently 18.09%.

Analyst Ratings Changes

WING has been the subject of several research analyst reports. The Goldman Sachs Group upped their target price on shares of Wingstop from $310.00 to $390.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Stephens reissued an "overweight" rating and set a $385.00 price target on shares of Wingstop in a report on Wednesday, May 14th. Truist Financial upgraded Wingstop from a "hold" rating to a "buy" rating and upped their price target for the stock from $274.00 to $400.00 in a research note on Tuesday, May 27th. Guggenheim upped their price objective on shares of Wingstop from $280.00 to $325.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Sanford C. Bernstein restated an "overweight" rating and issued a $360.00 price objective on shares of Wingstop in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Wingstop currently has a consensus rating of "Moderate Buy" and an average target price of $362.26.

Wingstop Company 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.