Mutual of America Capital Management LLC Sells 1,304 Shares of Wingstop Inc. (NASDAQ:WING)

Mutual of America Capital Management LLC trimmed its position in shares of Wingstop Inc. (NASDAQ:WING) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,187 shares of the restaurant operator’s stock after selling 1,304 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Wingstop worth $4,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of WING. JPMorgan Chase & Co. lifted its holdings in shares of Wingstop by 3.8% during the 1st quarter. JPMorgan Chase & Co. now owns 93,246 shares of the restaurant operator’s stock valued at $10,942,000 after buying an additional 3,423 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in shares of Wingstop during the 1st quarter valued at $271,000. Rhumbline Advisers lifted its holdings in shares of Wingstop by 1.6% during the 1st quarter. Rhumbline Advisers now owns 80,599 shares of the restaurant operator’s stock valued at $9,458,000 after buying an additional 1,259 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Wingstop by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,931 shares of the restaurant operator’s stock valued at $1,283,000 after buying an additional 1,042 shares during the period. Finally, BlackRock Inc. raised its holdings in Wingstop by 1.5% in the 1st quarter. BlackRock Inc. now owns 3,586,391 shares of the restaurant operator’s stock worth $420,864,000 after purchasing an additional 51,296 shares during the period.

Wingstop Stock Down 1.7 %

Shares of Wingstop stock opened at $358.85 on Tuesday. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 152.70, a PEG ratio of 6.48 and a beta of 1.68. The business has a 50-day moving average price of $343.27 and a 200-day moving average price of $270.65. Wingstop Inc. has a twelve month low of $150.08 and a twelve month high of $379.00.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The firm had revenue of $127.06 million during the quarter, compared to analyst estimates of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. On average, equities analysts expect that Wingstop Inc. will post 3 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a $0.22 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.88 annualized dividend and a yield of 0.25%. Wingstop’s dividend payout ratio is currently 37.45%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BMO Capital Markets raised their target price on Wingstop from $235.00 to $275.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. Sanford C. Bernstein assumed coverage on Wingstop in a report on Wednesday, February 14th. They issued an “outperform” rating and a $340.00 target price on the stock. Stifel Nicolaus raised their target price on Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Robert W. Baird raised their target price on Wingstop from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Wedbush raised their target price on Wingstop from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $271.83.

Insider Buying and Selling

In related news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the transaction, the senior vice president now owns 1,646 shares in the company, valued at $612,246.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the transaction, the chief executive officer now owns 17,107 shares in the company, valued at $5,771,901.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Marisa Carona sold 2,586 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $371.96, for a total transaction of $961,888.56. Following the completion of the sale, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,901 shares of company stock worth $5,120,605. Corporate insiders own 0.36% of the company’s stock.

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.