850,244 Shares in Wingstop Inc. $WING Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in shares of Wingstop Inc. (NASDAQ:WING) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 850,244 shares of the restaurant operator’s stock, valued at approximately $147,440,000.

Other hedge funds also recently bought and sold shares of the company. Vident Advisory LLC increased its position in shares of Wingstop by 3.9% during the 4th quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock valued at $229,000 after purchasing an additional 36 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Wingstop by 1.7% in the fourth 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 during the period. Oregon Public Employees Retirement Fund grew its holdings in Wingstop by 1.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,672 shares of the restaurant operator’s stock valued at $879,000 after buying an additional 59 shares in the last quarter. SBI Securities Co. Ltd. grew 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 valued at $33,000 after acquiring an additional 60 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Wingstop by 1.5% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,784 shares of the restaurant operator’s stock worth $1,141,000 after purchasing an additional 70 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WING. Stephens restated an “overweight” rating and issued a $200.00 price target on shares of Wingstop in a research report on Thursday, July 30th. Robert W. Baird raised shares of Wingstop to a “strong-buy” rating in a research note on Monday. TD Cowen reiterated a “hold” rating on shares of Wingstop in a report on Wednesday, July 29th. BTIG Research dropped their target price on shares of Wingstop from $305.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Royal Bank Of Canada dropped their target price on Wingstop from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $241.81.

Wingstop Trading Down 1.4%

NASDAQ:WING opened at $112.24 on Thursday. Wingstop Inc. has a twelve month low of $110.44 and a twelve month high of $342.10. The company has a market cap of $3.06 billion, a PE ratio of 26.66, a P/E/G ratio of 1.35 and a beta of 1.81. The company’s 50 day moving average is $140.06 and its two-hundred day moving average is $167.97.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 16.15% and a negative return on equity of 16.31%. The business had revenue of $185.56 million during the quarter, compared to the consensus estimate of $190.25 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts expect that Wingstop Inc. will post 4.5 EPS for the current fiscal year.

Wingstop Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 5th. Shareholders of record on Saturday, August 15th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.2%. This is an increase from Wingstop’s previous quarterly dividend of $0.30. Wingstop’s payout ratio is presently 31.35%.

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.