Wingstop Inc. $WING Shares Sold by KBC Group NV

KBC Group NV decreased its position in Wingstop Inc. (NASDAQ:WING) by 44.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 757 shares of the restaurant operator’s stock after selling 599 shares during the quarter. KBC Group NV’s holdings in Wingstop were worth $255,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Wingstop by 43.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator’s stock worth $371,517,000 after buying an additional 496,717 shares during the period. American Century Companies Inc. lifted its stake in Wingstop by 4.7% during the 1st quarter. American Century Companies Inc. now owns 1,262,597 shares of the restaurant operator’s stock worth $284,817,000 after acquiring an additional 56,535 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in Wingstop during the 1st quarter worth about $212,672,000. Alyeska Investment Group L.P. boosted its holdings in Wingstop by 29.8% during the 1st quarter. Alyeska Investment Group L.P. now owns 693,115 shares of the restaurant operator’s stock valued at $156,353,000 after acquiring an additional 158,977 shares during the period. Finally, Champlain Investment Partners LLC grew its position in Wingstop by 130.7% in the 1st quarter. Champlain Investment Partners LLC now owns 631,989 shares of the restaurant operator’s stock valued at $142,564,000 after acquiring an additional 358,044 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WING shares. Wells Fargo & Company reduced their price target on shares of Wingstop from $365.00 to $330.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. TD Cowen cut their target price on shares of Wingstop from $320.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Raymond James Financial reiterated a “strong-buy” rating and set a $350.00 target price (down from $420.00) on shares of Wingstop in a report on Thursday, October 16th. Stephens reissued an “overweight” rating and issued a $375.00 price target on shares of Wingstop in a research report on Tuesday, November 4th. Finally, Benchmark cut their price objective on Wingstop from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Wingstop currently has an average rating of “Moderate Buy” and an average target price of $335.96.

Wingstop Stock Up 1.7%

NASDAQ WING opened at $231.10 on Wednesday. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $388.14. The firm has a 50 day moving average of $249.28 and a two-hundred day moving average of $301.42. The stock has a market capitalization of $6.42 billion, a PE ratio of 37.64, a price-to-earnings-growth ratio of 3.12 and a beta of 1.73.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.18. The business had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 EPS. On average, equities research analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

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

Wingstop Company 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.