TimesSquare Capital Management LLC Makes New $2.32 Million Investment in Wingstop Inc. $WING

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

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its holdings in Wingstop by 1,650.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Quaker Wealth Management LLC boosted its holdings in Wingstop by 134.2% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 408 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake in Wingstop by 54.3% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Wingstop by 4,200.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 126 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 119 shares in the last quarter.

Wingstop Trading Down 1.0%

Shares of NASDAQ WING opened at $221.65 on Monday. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $388.14. The stock’s 50 day simple moving average is $259.03 and its 200 day simple moving average is $269.80. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 2.79 and a beta of 1.80.

Insiders Place Their Bets

In other Wingstop news, Director Kilandigalu Madati sold 269 shares of the firm’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 sale, the director owned 5,283 shares in the company, valued at approximately $1,373,421.51. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WING has been the subject of a number of research analyst reports. Sanford C. Bernstein dropped their price target on shares of Wingstop from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Truist Financial decreased their price objective on shares of Wingstop from $400.00 to $365.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Benchmark dropped their target price on shares of Wingstop from $340.00 to $320.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. UBS Group reaffirmed a “neutral” rating and set a $295.00 price target on shares of Wingstop in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada lifted their price target on Wingstop from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $338.93.

About Wingstop

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.