Future Fund LLC Acquires New Shares in Wingstop Inc. $WING

Future Fund LLC acquired a new position in Wingstop Inc. (NASDAQ:WING) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,932 shares of the restaurant operator’s stock, valued at approximately $987,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WING. Midwest Trust Co purchased a new position in Wingstop during the 2nd quarter valued at about $5,456,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Wingstop in the 2nd quarter worth approximately $1,409,000. Parkside Financial Bank & Trust boosted its stake in shares of Wingstop by 92.9% during the second quarter. Parkside Financial Bank & Trust now owns 245 shares of the restaurant operator’s stock valued at $83,000 after purchasing an additional 118 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Wingstop during the second quarter valued at approximately $1,583,000. Finally, True Wealth Design LLC raised its stake in Wingstop by 623.8% in the second quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock worth $51,000 after buying an additional 131 shares in the last quarter.

Wingstop Stock Performance

Shares of NASDAQ WING opened at $238.18 on Friday. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $388.14. The company has a market cap of $6.62 billion, a PE ratio of 38.79, a P/E/G ratio of 3.27 and a beta of 1.73. The business has a 50-day simple moving average of $259.99 and a two-hundred day simple moving average of $301.17.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, beating the consensus estimate of $0.91 by $0.18. The firm had revenue of $175.74 million during the quarter, compared to analyst estimates of $189.10 million. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. Wingstop’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. On average, sell-side analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. Wingstop’s payout ratio is 19.54%.

Analyst Upgrades and Downgrades

WING has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wingstop in a research report on Thursday, October 30th. TD Cowen dropped their price objective on Wingstop from $320.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday. Wedbush reiterated an “outperform” rating on shares of Wingstop in a research note on Wednesday, September 17th. BTIG Research reduced their target price on shares of Wingstop from $430.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Melius assumed coverage on shares of Wingstop in a report on Monday, July 14th. They issued a “hold” rating and a $350.00 price target on the stock. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Wingstop currently has a consensus rating of “Moderate Buy” and an average price target of $335.96.

Wingstop Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.