Wingstop Inc. (NASDAQ:WING) Shares Sold by American International Group Inc.

American International Group Inc. lessened its holdings in shares of Wingstop Inc. (NASDAQ:WINGFree Report) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,998 shares of the restaurant operator’s stock after selling 2,505 shares during the period. American International Group Inc. owned approximately 0.14% of Wingstop worth $10,263,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WING. Amalgamated Bank grew its stake in shares of Wingstop by 4.0% during the 3rd quarter. Amalgamated Bank now owns 22,405 shares of the restaurant operator’s stock worth $4,029,000 after purchasing an additional 857 shares during the period. Swiss National Bank grew its position in Wingstop by 0.9% during the third quarter. Swiss National Bank now owns 65,900 shares of the restaurant operator’s stock worth $11,851,000 after buying an additional 600 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Wingstop by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 276,190 shares of the restaurant operator’s stock valued at $49,670,000 after buying an additional 19,842 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Wingstop by 21.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,357 shares of the restaurant operator’s stock valued at $604,000 after acquiring an additional 587 shares during the period. Finally, Pathstone Family Office LLC lifted its position in shares of Wingstop by 40.6% during the 3rd quarter. Pathstone Family Office LLC now owns 2,745 shares of the restaurant operator’s stock valued at $494,000 after acquiring an additional 792 shares during the period.

Insider Buying and Selling at Wingstop

In related news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total value of $1,676,772.00. Following the completion of the sale, the senior vice president now directly owns 8,170 shares in the company, valued at approximately $3,238,588. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Albert G. Mcgrath sold 4,230 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the transaction, the senior vice president now directly owns 8,170 shares of the company’s stock, valued at $3,238,588. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ania Smith sold 566 shares of the firm’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 of the company’s stock, valued at $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 ninety days. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WING. Truist Financial upped 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. Barclays raised their price target on Wingstop from $350.00 to $418.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Stifel Nicolaus lifted their price target on Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Jefferies Financial Group increased their price objective on shares of Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Finally, TD Cowen restated a “buy” rating and set a $430.00 target price on shares of Wingstop in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Wingstop currently has a consensus rating of “Hold” and a consensus price target of $331.50.

View Our Latest Stock Analysis on WING

Wingstop Stock Performance

WING opened at $383.79 on Friday. Wingstop Inc. has a 1 year low of $150.08 and a 1 year high of $410.95. The company’s 50 day simple moving average is $375.93 and its 200 day simple moving average is $319.51. The stock has a market capitalization of $11.25 billion, a PE ratio of 136.58, a P/E/G ratio of 4.95 and a beta of 1.70.

Wingstop (NASDAQ:WINGGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.22. The company had revenue of $145.70 million during 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 business’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 EPS. As a group, sell-side analysts expect that Wingstop Inc. will post 3.39 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Thursday, May 16th. Wingstop’s payout ratio is currently 31.32%.

Wingstop Profile

(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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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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