Mutual of America Capital Management LLC Buys 7,145 Shares of Wingstop Inc. $WING

Mutual of America Capital Management LLC boosted its stake in Wingstop Inc. (NASDAQ:WING) by 47.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,345 shares of the restaurant operator’s stock after purchasing an additional 7,145 shares during the quarter. Mutual of America Capital Management LLC owned about 0.08% of Wingstop worth $5,624,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Quaker Wealth Management LLC raised its position in shares of Wingstop by 134.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 408 shares in the last quarter. Ameriflex Group Inc. acquired a new position in Wingstop during the second quarter valued at approximately $43,000. Hantz Financial Services Inc. raised its position in Wingstop by 4,200.0% during the second quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 126 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Wingstop by 121.4% during the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 119 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in Wingstop by 623.8% during the second quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 131 shares during the last quarter.

Insider Buying and Selling

In other Wingstop news, Director Kilandigalu Madati sold 269 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total value of $69,931.93. Following the sale, the director owned 5,283 shares in the company, valued at approximately $1,373,421.51. The trade was a 4.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating and set a $350.00 price target on shares of Wingstop in a report on Monday, December 15th. Melius Research set a $350.00 target price on Wingstop in a research report on Tuesday, January 20th. Wall Street Zen raised shares of Wingstop from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. TD Cowen restated a “buy” rating on shares of Wingstop in a research note on Thursday, January 15th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $350.00 price target (down from $420.00) on shares of Wingstop in a report on Thursday, October 16th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Wingstop currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.00.

Wingstop Price Performance

Shares of NASDAQ WING opened at $272.70 on Thursday. The company has a 50 day simple moving average of $258.50 and a 200 day simple moving average of $274.97. Wingstop Inc. has a 1 year low of $204.00 and a 1 year high of $388.14. The firm has a market cap of $7.58 billion, a PE ratio of 44.41, a price-to-earnings-growth ratio of 3.45 and a beta of 1.77.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.18. The firm had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 EPS. As a group, research analysts anticipate that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, November 21st. Wingstop’s dividend payout ratio (DPR) is currently 19.54%.

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.