Wingstop Inc. $WING Position Increased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 25,135.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,870 shares of the restaurant operator’s stock after purchasing an additional 12,819 shares during the period. Fulcrum Asset Management LLP’s holdings in Wingstop were worth $1,398,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Wingstop in the second quarter valued at about $481,314,000. Darsana Capital Partners LP boosted its stake in shares of Wingstop by 20.0% during the second quarter. Darsana Capital Partners LP now owns 1,500,000 shares of the restaurant operator’s stock worth $260,115,000 after buying an additional 250,000 shares during the period. Alyeska Investment Group L.P. boosted its stake in shares of Wingstop by 44.5% during the second quarter. Alyeska Investment Group L.P. now owns 942,943 shares of the restaurant operator’s stock worth $163,516,000 after buying an additional 290,501 shares during the period. State Street Corp grew its holdings in shares of Wingstop by 2.0% during the second quarter. State Street Corp now owns 863,951 shares of the restaurant operator’s stock worth $149,751,000 after buying an additional 16,907 shares during the last quarter. Finally, Jupiter Topco LLC purchased a new position in shares of Wingstop during the second quarter worth about $147,440,000.

Insider Activity at Wingstop

In other news, COO Raj Kapoor sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $163.61, for a total value of $409,025.00. Following the completion of the sale, the chief operating officer directly owned 1,659 shares of the company’s stock, valued at $271,428.99. This trade represents a 60.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wesley S. Mcdonald sold 1,520 shares of Wingstop stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $145.11, for a total value of $220,567.20. Following the completion of the sale, the director owned 3,986 shares in the company, valued at approximately $578,408.46. This trade represents a 27.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on WING. UBS Group boosted their price target on Wingstop from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. DA Davidson reaffirmed a “buy” rating and set a $180.00 price objective on shares of Wingstop in a research report on Thursday, October 29th. Weiss Ratings downgraded Wingstop from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Benchmark lowered their target price on Wingstop from $285.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, TD Cowen reissued a “hold” rating and issued a $120.00 target price on shares of Wingstop in a report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Wingstop currently has an average rating of “Moderate Buy” and a consensus target price of $219.56.

Wingstop Stock Performance

WING stock opened at $166.73 on Thursday. The stock has a market capitalization of $4.51 billion, a PE ratio of 39.14, a price-to-earnings-growth ratio of 2.25 and a beta of 1.77. The company has a fifty day moving average of $123.76 and a 200-day moving average of $160.39. Wingstop Inc. has a one year low of $95.82 and a one year high of $302.80.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. The firm had revenue of $185.13 million during the quarter, compared to analysts’ expectations of $192.89 million. Wingstop had a net margin of 16.03% and a negative return on equity of 15.80%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. Equities analysts forecast that Wingstop Inc. will post 4.19 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 13th. Wingstop’s payout ratio is currently 30.99%.

Wingstop Company Profile

Wingstop Inc. is a restaurant company focused on chicken wings and related menu items. Its offerings include classic and boneless wings with a range of flavors, as well as chicken tenders, fries, dips and other sides. Customers can order through its restaurants and digital channels. Founded in 1994 in Garland, Texas, Wingstop has grown into an international brand. The company operates primarily through franchised restaurants in the United States and select international markets. Wingstop is headquartered in Addison, Texas.