Strs Ohio Decreases Stock Holdings in Wingstop Inc. $WING

Strs Ohio lowered its position in shares of Wingstop Inc. (NASDAQ:WING) by 50.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,964 shares of the restaurant operator’s stock after selling 4,001 shares during the period. Strs Ohio’s holdings in Wingstop were worth $614,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WING. Vident Advisory LLC lifted its holdings in Wingstop by 3.9% during the 4th quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock worth $229,000 after buying an additional 36 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Wingstop by 17.3% in the 3rd quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 39 shares during the last quarter. YANKCOM Partnership raised its position in shares of Wingstop by 10.1% during the 4th quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock worth $102,000 after acquiring an additional 39 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Wingstop by 1.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock worth $627,000 after acquiring an additional 45 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in Wingstop by 76.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 60 shares during the last quarter.

Wingstop Stock Performance

Shares of NASDAQ:WING opened at $157.72 on Friday. Wingstop Inc. has a one year low of $116.35 and a one year high of $381.45. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 39.23, a PEG ratio of 1.90 and a beta of 1.79. The company has a 50-day simple moving average of $150.60 and a 200-day simple moving average of $200.65.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $183.72 million for the quarter, compared to analyst estimates of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.99 earnings per share. As a group, research analysts forecast that Wingstop Inc. will post 4.57 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, May 15th. Wingstop’s dividend payout ratio (DPR) is 29.85%.

Wall Street Analyst Weigh In

WING has been the subject of a number of research analyst reports. Raymond James Financial raised Wingstop from an “outperform” rating to a “strong-buy” rating and lowered their price target for the company from $325.00 to $240.00 in a report on Thursday, April 2nd. DA Davidson reissued a “buy” rating and issued a $250.00 price target on shares of Wingstop in a research report on Monday, April 20th. Barclays decreased their price objective on shares of Wingstop from $330.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Royal Bank Of Canada dropped their price objective on Wingstop from $250.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Finally, UBS Group cut their target price on Wingstop from $210.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Wingstop currently has an average rating of “Moderate Buy” and an average price target of $261.19.

Wingstop 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.