King Luther Capital Management Corp Increases Holdings in Wingstop Inc. $WING

King Luther Capital Management Corp increased its stake in shares of Wingstop Inc. (NASDAQ:WING) by 203.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 55,555 shares of the restaurant operator’s stock after acquiring an additional 37,235 shares during the quarter. King Luther Capital Management Corp’s holdings in Wingstop were worth $13,249,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WING. Baird Financial Group Inc. purchased a new position in Wingstop during the first quarter worth approximately $256,000. Jones Financial Companies Lllp lifted its position in Wingstop by 2,770.6% during the first quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock worth $440,000 after buying an additional 1,884 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Wingstop by 5.6% during 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 buying an additional 4,937 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Wingstop by 121.4% during the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after buying an additional 119 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in Wingstop by 45.5% during the second quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock worth $467,000 after buying an additional 434 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group reduced their price objective on Wingstop from $295.00 to $210.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Wells Fargo & Company decreased their price target on Wingstop from $225.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Stifel Nicolaus lowered their price target on Wingstop from $325.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Weiss Ratings downgraded Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, Stephens cut their price objective on Wingstop from $300.00 to $225.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $277.68.

Wingstop Trading Up 8.1%

Shares of NASDAQ WING opened at $152.09 on Thursday. Wingstop Inc. has a twelve month low of $116.35 and a twelve month high of $388.14. The stock has a fifty day simple moving average of $161.58 and a 200-day simple moving average of $219.96. The stock has a market capitalization of $4.14 billion, a PE ratio of 37.83, a PEG ratio of 1.57 and a beta of 1.86.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The firm had revenue of $183.73 million during the quarter, compared to analysts’ expectations of $187.82 million. During the same period in the previous year, the firm posted $0.99 EPS. Wingstop’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts predict that Wingstop Inc. will post 4.59 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th. Wingstop’s payout ratio is presently 29.85%.

Wingstop Company 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.