EFG International AG Makes New $3.83 Million Investment in Wingstop Inc. $WING

EFG International AG purchased a new stake in Wingstop Inc. (NASDAQ:WINGFree Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 22,092 shares of the restaurant operator’s stock, valued at approximately $3,830,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. increased its stake in shares of Wingstop by 76.9% during the 4th 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. Allworth Financial LP acquired a new stake in Wingstop in the 2nd quarter valued at about $34,000. GW&K Investment Management LLC grew its holdings in Wingstop by 75.7% during the fourth quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 81 shares during the period. Harbor Investment Advisory LLC bought a new position in Wingstop during the second quarter worth about $46,000. Finally, Geneos Wealth Management Inc. increased 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 during the last quarter.

Wall Street Analyst Weigh In

WING has been the topic of several research analyst reports. Piper Sandler set a $173.00 price objective on Wingstop in a research note on Wednesday, July 29th. Stephens reiterated an “overweight” rating and set a $200.00 target price on shares of Wingstop in a research note on Thursday, July 30th. BTIG Research decreased their target price on Wingstop from $305.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Benchmark dropped their price target 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, Robert W. Baird raised Wingstop to a “strong-buy” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.81.

Check Out Our Latest Analysis on WING

Wingstop Trading Down 1.4%

Shares of NASDAQ WING opened at $112.24 on Thursday. The firm has a market cap of $3.06 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 1.35 and a beta of 1.81. The business’s 50 day moving average is $140.06 and its 200-day moving average is $167.97. Wingstop Inc. has a 1-year low of $110.44 and a 1-year high of $342.10.

Wingstop (NASDAQ:WINGGet Free Report) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. The business had revenue of $185.56 million during the quarter, compared to the consensus estimate of $190.25 million. Wingstop had a negative return on equity of 16.31% and a net margin of 16.15%.The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. Analysts forecast that Wingstop Inc. will post 4.5 EPS for the current year.

Wingstop Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 5th. Stockholders of record on Saturday, August 15th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a boost from Wingstop’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.2%. Wingstop’s dividend payout ratio (DPR) is presently 31.35%.

Wingstop Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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