Wingstop Inc. $WING Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Wingstop Inc. (NASDAQ:WING) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,392 shares of the restaurant operator’s stock after selling 697 shares during the quarter. Amalgamated Bank’s holdings in Wingstop were worth $4,510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Freedom Investment Management Inc. increased its holdings in shares of Wingstop by 2.2% in the second quarter. Freedom Investment Management Inc. now owns 1,371 shares of the restaurant operator’s stock valued at $462,000 after purchasing an additional 30 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Wingstop by 16.8% in the second quarter. Farther Finance Advisors LLC now owns 223 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 32 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Wingstop by 2.9% in the second quarter. Wedmont Private Capital now owns 1,165 shares of the restaurant operator’s stock valued at $389,000 after purchasing an additional 33 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Wingstop by 22.3% in the second quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 33 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Wingstop by 0.5% in the second quarter. Harbor Capital Advisors Inc. now owns 6,569 shares of the restaurant operator’s stock valued at $2,212,000 after purchasing an additional 34 shares during the last quarter.

Wingstop Trading Up 0.5%

Shares of NASDAQ WING opened at $216.63 on Monday. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $388.14. The stock has a fifty day simple moving average of $269.28 and a 200-day simple moving average of $300.98. The stock has a market capitalization of $6.05 billion, a PE ratio of 36.11, a PEG ratio of 3.03 and a beta of 1.78.

Analyst Ratings Changes

Several equities research analysts recently commented on WING shares. Wells Fargo & Company cut their price target on Wingstop from $415.00 to $365.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. Westpark Capital raised Wingstop to a “strong-buy” rating in a research note on Wednesday, July 9th. Stifel Nicolaus cut their target price on Wingstop from $375.00 to $300.00 and set a “buy” rating for the company in a research note on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Wingstop in a research note on Thursday. Finally, Truist Financial set a $400.00 target price on Wingstop in a research note on Tuesday, October 14th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $354.60.

Wingstop Profile

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.