SG Americas Securities LLC Has $533,000 Stake in Wingstop Inc. $WING

SG Americas Securities LLC lowered its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 91.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,439 shares of the restaurant operator’s stock after selling 37,910 shares during the period. SG Americas Securities LLC’s holdings in Wingstop were worth $533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Wingstop by 2.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,111,089 shares of the restaurant operator’s stock worth $503,475,000 after acquiring an additional 58,386 shares during the period. Lone Pine Capital LLC bought a new stake in Wingstop in the third quarter valued at about $375,317,000. Massachusetts Financial Services Co. MA raised its position in Wingstop by 48.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,405,894 shares of the restaurant operator’s stock worth $335,292,000 after purchasing an additional 456,861 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Wingstop by 6.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,173,613 shares of the restaurant operator’s stock worth $279,895,000 after purchasing an additional 70,224 shares during the period. Finally, Steadfast Capital Management LP lifted its stake in Wingstop by 296.2% during the third quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock worth $239,227,000 after purchasing an additional 710,621 shares during the period.

Wingstop Stock Performance

Shares of WING opened at $170.21 on Wednesday. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 42.34, a PEG ratio of 2.05 and a beta of 1.79. The stock has a fifty day moving average price of $151.30 and a two-hundred day moving average price of $202.04. Wingstop Inc. has a 52-week low of $116.35 and a 52-week high of $381.45.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The company had revenue of $183.72 million during the quarter, compared to analyst estimates of $187.82 million. During the same period last year, the company posted $0.99 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, research analysts predict that Wingstop Inc. will post 4.57 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, May 15th. Wingstop’s dividend payout ratio (DPR) is presently 29.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WING shares. Bank of America lowered their price objective on Wingstop from $264.00 to $234.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Piper Sandler upgraded Wingstop from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $283.00 to $190.00 in a research report on Thursday, April 2nd. The Goldman Sachs Group lowered Wingstop from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $290.00 to $190.00 in a research note on Thursday, April 30th. Stephens reissued an “overweight” rating and set a $225.00 price objective on shares of Wingstop in a report on Thursday, June 4th. Finally, BNP Paribas Exane started coverage on shares of Wingstop in a research note on Monday, March 30th. They issued an “outperform” rating and a $275.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Wingstop has an average rating of “Moderate Buy” and a consensus target price of $260.89.

Wingstop Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.