Swiss National Bank Trims Holdings in Wingstop Inc. $WING

Swiss National Bank decreased its position in shares of Wingstop Inc. (NASDAQ:WING) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,300 shares of the restaurant operator’s stock after selling 3,300 shares during the quarter. Swiss National Bank’s holdings in Wingstop were worth $17,948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Personal CFO Solutions LLC lifted its stake in Wingstop by 4.6% during the 2nd quarter. Personal CFO Solutions LLC now owns 997 shares of the restaurant operator’s stock valued at $336,000 after acquiring an additional 44 shares during the period. Artisan Partners Limited Partnership lifted its position in Wingstop by 83.1% during the second quarter. Artisan Partners Limited Partnership now owns 737,369 shares of the restaurant operator’s stock valued at $248,302,000 after purchasing an additional 334,583 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Wingstop by 4.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 18,009 shares of the restaurant operator’s stock valued at $6,064,000 after purchasing an additional 776 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Wingstop by 36.0% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 4,544 shares of the restaurant operator’s stock worth $1,530,000 after purchasing an additional 1,204 shares during the period. Finally, Symphony Financial Ltd. Co. purchased a new position in shares of Wingstop during the 2nd quarter valued at about $19,164,000.

Insider Buying and Selling at Wingstop

In other news, Director Kilandigalu Madati sold 269 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was 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 $1,373,421.51. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is currently owned by company insiders.

Wingstop Stock Down 1.5%

WING opened at $259.08 on Thursday. The firm’s fifty day simple moving average is $246.56 and its two-hundred day simple moving average is $300.16. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $388.14. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 42.20, a PEG ratio of 3.63 and a beta of 1.73.

Wingstop (NASDAQ:WING) last released its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The business had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. During the same quarter in the previous year, the company earned $0.88 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. On average, research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. Wingstop’s dividend payout ratio is presently 19.54%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays lowered their target price on Wingstop from $330.00 to $295.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Stephens reissued an “overweight” rating and issued a $375.00 price target on shares of Wingstop in a report on Tuesday, November 4th. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Wednesday, November 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $363.00 target price on shares of Wingstop in a report on Tuesday, November 4th. Finally, Benchmark lowered their price target on shares of Wingstop from $340.00 to $320.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $335.96.

Wingstop Company 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.