Legato Capital Management LLC Boosts Position in Wingstop Inc. $WING

Legato Capital Management LLC lifted its stake in shares of Wingstop Inc. (NASDAQ:WING) by 472.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,534 shares of the restaurant operator’s stock after acquiring an additional 7,868 shares during the period. Legato Capital Management LLC’s holdings in Wingstop were worth $2,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Allworth Financial LP raised its holdings in shares of Wingstop by 17.3% during the 3rd quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock worth $67,000 after acquiring an additional 39 shares during the period. YANKCOM Partnership raised its holdings in Wingstop by 10.1% in the 4th quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock valued at $102,000 after buying an additional 39 shares during the period. Ballentine Partners LLC raised its holdings in Wingstop by 5.0% in the 3rd quarter. Ballentine Partners LLC now owns 985 shares of the restaurant operator’s stock valued at $248,000 after buying an additional 47 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 50 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in Wingstop by 2.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,583 shares of the restaurant operator’s stock valued at $650,000 after buying an additional 59 shares during the period.

Insider Transactions at Wingstop

In other news, Director Wesley S. Mcdonald sold 566 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $250.00, for a total transaction of $141,500.00. Following the completion of the transaction, the director directly owned 4,375 shares of the company’s stock, valued at approximately $1,093,750. The trade was a 11.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kilandigalu Madati sold 2,700 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total value of $703,971.00. Following the transaction, the director directly owned 2,583 shares of the company’s stock, valued at approximately $673,465.59. This represents a 51.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WING. Benchmark reduced their price objective on shares of Wingstop from $320.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Citigroup reduced their price objective on shares of Wingstop from $230.00 to $229.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. DA Davidson restated a “buy” rating and issued a $250.00 price objective on shares of Wingstop in a report on Monday, April 20th. Wolfe Research began coverage on shares of Wingstop in a report on Monday, March 9th. They issued an “outperform” rating and a $320.00 price objective on the stock. Finally, Truist Financial set a $374.00 price objective on shares of Wingstop and gave the company a “buy” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Wingstop has an average rating of “Moderate Buy” and a consensus price target of $278.21.

Wingstop Price Performance

NASDAQ WING opened at $140.41 on Friday. The company has a market cap of $3.82 billion, a P/E ratio of 34.93, a P/E/G ratio of 1.57 and a beta of 1.86. The stock has a 50-day moving average of $164.84 and a two-hundred day moving average of $222.03. Wingstop Inc. has a 1-year low of $116.35 and a 1-year high of $388.14.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping 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 business had revenue of $183.73 million during the quarter, compared to the consensus estimate of $187.82 million. During the same period in the previous year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts anticipate that Wingstop Inc. will post 4.59 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. Wingstop’s payout ratio is currently 29.85%.

Wingstop Company 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.