GAMMA Investing LLC Sells 90 Shares of Wingstop Inc. (NASDAQ:WING)

GAMMA Investing LLC lowered its stake in shares of Wingstop Inc. (NASDAQ:WING) by 28.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 223 shares of the restaurant operator’s stock after selling 90 shares during the period. GAMMA Investing LLC’s holdings in Wingstop were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of WING. Hollencrest Capital Management bought a new position in Wingstop during the second quarter worth about $27,000. Ashton Thomas Private Wealth LLC bought a new stake in Wingstop in the 2nd quarter valued at $34,000. True Wealth Design LLC acquired a new position in shares of Wingstop during the third quarter worth about $36,000. V Square Quantitative Management LLC grew its holdings in shares of Wingstop by 60.6% during the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock worth $44,000 after buying an additional 40 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Wingstop by 384.6% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after buying an additional 100 shares during the last quarter.

Insider Transactions at Wingstop

In other news, SVP Raj Kapoor sold 266 shares of Wingstop stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $324.38, for a total transaction of $86,285.08. Following the transaction, the senior vice president now owns 266 shares in the company, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.

Wingstop Trading Down 1.4 %

Shares of NASDAQ:WING opened at $274.69 on Monday. The firm has a 50 day moving average of $312.73 and a 200-day moving average of $360.41. Wingstop Inc. has a 12 month low of $256.50 and a 12 month high of $433.86. The stock has a market capitalization of $8.02 billion, a PE ratio of 80.08, a PEG ratio of 2.81 and a beta of 1.81.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The business had revenue of $162.50 million for the quarter, compared to the consensus estimate of $160.24 million. During the same quarter in the prior year, the company earned $0.69 earnings per share. Wingstop’s quarterly revenue was up 38.8% compared to the same quarter last year. On average, research analysts predict that Wingstop Inc. will post 3.67 EPS for the current fiscal year.

Wingstop announced that its board has approved a share buyback plan on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Friday, November 15th. Wingstop’s payout ratio is 31.49%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WING shares. BTIG Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price target for the company in a research report on Thursday, October 31st. Stephens reiterated an “overweight” rating and set a $468.00 price objective on shares of Wingstop in a research note on Thursday, January 2nd. TD Cowen decreased their price objective on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Piper Sandler dropped their price target on Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Benchmark upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price objective for the company in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $368.74.

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.