TimesSquare Capital Management LLC Invests $2.32 Million in Wingstop Inc. $WING

TimesSquare Capital Management LLC purchased a new stake in shares of Wingstop Inc. (NASDAQ:WING) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,227 shares of the restaurant operator’s stock, valued at approximately $2,322,000.

Other institutional investors have also bought and sold shares of the company. Quaker Wealth Management LLC lifted its stake 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 worth $35,000 after acquiring an additional 408 shares during the period. Cornerstone Planning Group LLC raised its holdings in Wingstop by 1,650.0% during the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Wingstop by 4,200.0% during the second quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 126 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Wingstop by 54.3% in the third quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 50 shares during the period. Finally, True Wealth Design LLC boosted its stake in Wingstop by 623.8% during the 2nd quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 131 shares in the last quarter.

Wingstop Trading Down 1.0%

NASDAQ:WING opened at $221.65 on Monday. The business’s fifty day moving average price is $259.03 and its 200 day moving average price is $269.80. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.79 and a beta of 1.80. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $388.14.

Insider Activity

In other Wingstop news, Director Kilandigalu Madati sold 269 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $259.97, for a total value of $69,931.93. Following the transaction, the director owned 5,283 shares in the company, valued at approximately $1,373,421.51. This represents a 4.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on WING shares. Sanford C. Bernstein dropped their price objective on Wingstop from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Stifel Nicolaus dropped their price target on shares of Wingstop from $300.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, January 7th. Citigroup lifted their price objective on shares of Wingstop from $267.00 to $286.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. UBS Group restated a “neutral” rating and issued a $295.00 price target on shares of Wingstop in a research report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Wingstop in a research note on Monday, December 29th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $338.93.

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.