Wingstop Inc. $WING Holdings Raised by Capital World Investors

Capital World Investors increased its stake in Wingstop Inc. (NASDAQ:WINGFree Report) by 160.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 740,896 shares of the restaurant operator’s stock after purchasing an additional 456,637 shares during the quarter. Capital World Investors’ holdings in Wingstop were worth $186,469,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baird Financial Group Inc. purchased a new stake in Wingstop during the first quarter valued at about $256,000. Jones Financial Companies Lllp increased its position in shares of Wingstop by 2,770.6% in the first quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock worth $440,000 after acquiring an additional 1,884 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Wingstop by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock worth $20,852,000 after acquiring an additional 4,937 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Wingstop by 121.4% during the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 119 shares during the period. Finally, Sivia Capital Partners LLC raised its holdings in shares of Wingstop by 45.5% during the second quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock valued at $467,000 after acquiring an additional 434 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. TD Cowen reaffirmed a “hold” rating and issued a $285.00 price objective on shares of Wingstop in a research note on Wednesday, February 18th. Stephens reissued an “overweight” rating and set a $375.00 target price on shares of Wingstop in a research note on Thursday, February 19th. The Goldman Sachs Group restated a “buy” rating and issued a $335.00 target price on shares of Wingstop in a report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wingstop in a report on Monday, December 29th. Finally, Mizuho dropped their price target on Wingstop from $320.00 to $310.00 and set an “outperform” rating on the stock in a research report on Friday, January 9th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $337.29.

View Our Latest Research Report on Wingstop

Wingstop News Roundup

Here are the key news stories impacting Wingstop this week:

Insider Activity

In other Wingstop news, Director Wesley S. Mcdonald sold 566 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $250.00, for a total value of $141,500.00. Following the transaction, the director directly owned 4,375 shares of the company’s stock, valued at $1,093,750. This represents a 11.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kilandigalu Madati sold 2,700 shares of the firm’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 sale, the director directly owned 2,583 shares of the company’s stock, valued at $673,465.59. This trade represents a 51.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.72% of the company’s stock.

Wingstop Stock Down 4.0%

WING stock opened at $208.66 on Thursday. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $388.14. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 2.37 and a beta of 1.82. The company has a 50 day moving average of $257.93 and a two-hundred day moving average of $258.55.

Wingstop (NASDAQ:WINGGet Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 EPS for the quarter, beating the consensus estimate of $0.84 by $0.16. Wingstop had a net margin of 25.01% and a negative return on equity of 16.12%. The business had revenue of $175.69 million for the quarter, compared to analysts’ expectations of $177.74 million. During the same period in the previous year, the company posted $0.92 EPS. Wingstop’s revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate 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, March 27th. Shareholders of record on Friday, March 6th will be paid a $0.30 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. Wingstop’s payout ratio is 19.42%.

About Wingstop

(Free Report)

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.

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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