GAMMA Investing LLC Has $42,000 Stock Position in Wingstop Inc. (NASDAQ:WING)

GAMMA Investing LLC grew its position in Wingstop Inc. (NASDAQ:WING) by 53.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 115 shares of the restaurant operator’s stock after buying an additional 40 shares during the period. GAMMA Investing LLC’s holdings in Wingstop were worth $42,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new stake in Wingstop in the 4th quarter valued at $28,000. FSC Wealth Advisors LLC bought a new stake in Wingstop in the 4th quarter valued at $39,000. C M Bidwell & Associates Ltd. bought a new stake in Wingstop in the 4th quarter valued at $47,000. SRS Capital Advisors Inc. lifted its position in Wingstop by 323.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 233 shares of the restaurant operator’s stock valued at $60,000 after acquiring an additional 178 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in Wingstop by 16.9% in the 4th quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 38 shares in the last quarter.

Insider Activity at Wingstop

In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the transaction, the senior vice president now owns 8,170 shares in the company, valued at approximately $3,238,588. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Wingstop news, Director Kilandigalu Madati sold 645 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total transaction of $255,252.30. Following the transaction, the director now owns 5,147 shares in the company, valued at approximately $2,036,873.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 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. In the last 90 days, insiders have sold 6,191 shares of company stock worth $2,443,547. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

WING has been the topic of several research reports. Robert W. Baird boosted their price objective on shares of Wingstop from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. TD Cowen boosted their price objective on shares of Wingstop from $430.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Jefferies Financial Group boosted their price target on shares of Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Wedbush boosted their price target on shares of Wingstop from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus boosted their price target on shares of Wingstop from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $343.37.

Wingstop Stock Performance

Shares of WING opened at $419.16 on Wednesday. Wingstop Inc. has a 52 week low of $150.08 and a 52 week high of $430.20. The firm has a market cap of $12.28 billion, a P/E ratio of 149.17, a price-to-earnings-growth ratio of 5.30 and a beta of 1.71. The firm’s 50-day simple moving average is $388.27 and its 200 day simple moving average is $336.16.

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

Wingstop Announces Dividend

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

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.