NBC Securities Inc. Decreases Stock Holdings in Wingstop Inc. (NASDAQ:WING)

NBC Securities Inc. decreased its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 62.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,172 shares of the restaurant operator’s stock after selling 1,983 shares during the quarter. NBC Securities Inc.’s holdings in Wingstop were worth $429,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WING. Congress Asset Management Co. MA increased its position in Wingstop by 0.3% during the fourth quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator’s stock valued at $2,920,000 after acquiring an additional 34 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Wingstop by 16.9% in the fourth quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 38 shares during the last quarter. Kovack Advisors Inc. grew its holdings in shares of Wingstop by 1.7% in the fourth quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator’s stock worth $595,000 after purchasing an additional 39 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Wingstop by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 13,150 shares of the restaurant operator’s stock worth $2,365,000 after purchasing an additional 60 shares during the last quarter. Finally, Legato Capital Management LLC grew its holdings in shares of Wingstop by 5.6% in the fourth quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator’s stock worth $412,000 after purchasing an additional 85 shares during the last quarter.

Insider Activity at Wingstop

In related news, Director Kate S. Lavelle sold 750 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $394.57, for a total value of $295,927.50. Following the transaction, the director now owns 3,567 shares in the company, valued at approximately $1,407,431.19. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Kate S. Lavelle sold 750 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $394.57, for a total value of $295,927.50. Following the transaction, the director now owns 3,567 shares in the company, valued at approximately $1,407,431.19. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the completion of the transaction, the senior vice president now owns 8,170 shares in the company, valued at approximately $3,238,588. The disclosure for this sale can be found here. Insiders sold 6,191 shares of company stock valued at $2,443,547 in the last three months. 0.36% of the stock is owned by insiders.

Wingstop Stock Up 1.5 %

Shares of Wingstop stock opened at $414.76 on Friday. The firm has a market capitalization of $12.15 billion, a P/E ratio of 147.60, a PEG ratio of 5.23 and a beta of 1.70. The company has a 50 day moving average price of $386.25 and a 200 day moving average price of $332.56. Wingstop Inc. has a 52 week low of $150.08 and a 52 week high of $430.20.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, beating the consensus estimate of $0.76 by $0.22. The firm had revenue of $145.70 million during the quarter, compared to analyst estimates of $136.34 million. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. Wingstop’s revenue was up 34.0% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. As a group, research analysts anticipate that Wingstop Inc. will post 3.4 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Thursday, May 16th. Wingstop’s payout ratio is currently 31.32%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WING. TD Cowen upped their price target on shares of Wingstop from $430.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Bank of America upped their price target on shares of Wingstop from $421.00 to $461.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Truist Financial upped their price target on shares of Wingstop from $320.00 to $345.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Benchmark restated a “hold” rating on shares of Wingstop in a report on Thursday, May 2nd. Finally, Barclays increased their target price on shares of Wingstop from $350.00 to $418.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Wingstop presently has a consensus rating of “Hold” and a consensus target price of $343.37.

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.