Symmetry Partners LLC Purchases Shares of 673 Wingstop Inc. (NASDAQ:WING)

Symmetry Partners LLC purchased a new stake in Wingstop Inc. (NASDAQ:WINGFree Report) during the 1st quarter, Holdings Channel.com reports. The firm purchased 673 shares of the restaurant operator’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of WING. McGlone Suttner Wealth Management Inc. bought a new position in Wingstop during the fourth quarter worth about $28,000. FSC Wealth Advisors LLC bought a new position in Wingstop during the fourth quarter worth about $39,000. C M Bidwell & Associates Ltd. bought a new position in Wingstop during the fourth quarter worth about $47,000. SRS Capital Advisors Inc. grew its holdings in Wingstop by 323.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 233 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 178 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in Wingstop by 16.9% during 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 period.

Wingstop Stock Up 2.7 %

Shares of NASDAQ WING traded up $11.47 during midday trading on Tuesday, reaching $428.85. 436,021 shares of the company were exchanged, compared to its average volume of 462,950. The stock’s 50-day moving average price is $381.56 and its 200-day moving average price is $328.84. The stock has a market cap of $12.57 billion, a P/E ratio of 148.53, a PEG ratio of 5.12 and a beta of 1.71. Wingstop Inc. has a one year low of $150.08 and a one year high of $429.22.

Wingstop (NASDAQ:WINGGet Free Report) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. The firm had revenue of $145.70 million for the quarter, compared to analysts’ expectations of $136.34 million. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The company’s revenue was up 34.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, equities research analysts anticipate that Wingstop Inc. will post 3.39 EPS for the current year.

Wingstop Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.21%. Wingstop’s dividend payout ratio is 31.32%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WING. Truist Financial lifted their price target on Wingstop from $320.00 to $345.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Robert W. Baird raised their price objective on shares of Wingstop from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Stephens restated an “overweight” rating and set a $425.00 price objective on shares of Wingstop in a research report on Wednesday, May 1st. The Goldman Sachs Group initiated coverage on shares of Wingstop in a research report on Thursday, June 13th. They set a “neutral” rating and a $407.00 price objective for the company. Finally, Barclays raised their price objective on shares of Wingstop from $350.00 to $418.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Twelve 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.com, Wingstop has a consensus rating of “Hold” and a consensus target price of $343.37.

Read Our Latest Research Report on WING

Insider Buying and Selling

In related news, Director Ania Smith sold 566 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total value of $215,595.06. Following the sale, the director now owns 1,164 shares of the company’s stock, valued at $443,379.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Wingstop news, Director Kilandigalu Madati sold 645 shares of the company’s stock in a transaction 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 sale, the director now owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ania Smith sold 566 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total transaction of $215,595.06. Following the sale, the director now directly owns 1,164 shares in the company, valued at approximately $443,379.24. The disclosure for this sale can be found here. Insiders have sold a total of 6,191 shares of company stock valued at $2,443,547 over the last 90 days. 0.36% of the stock is owned by insiders.

About Wingstop

(Free Report)

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.

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Want to see what other hedge funds are holding WING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wingstop Inc. (NASDAQ:WINGFree Report).

Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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