Wingstop Inc. $WING Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its position in Wingstop Inc. (NASDAQ:WINGFree Report) by 127.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,321 shares of the restaurant operator’s stock after acquiring an additional 10,839 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Wingstop were worth $4,608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WING. SBI Securities Co. Ltd. boosted its holdings in shares of Wingstop by 76.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 60 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Wingstop by 197.9% in the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 95 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 50 shares during the period. Pinnacle Holdings LLC acquired a new position in Wingstop in the 3rd quarter worth approximately $47,000. Finally, Geneos Wealth Management Inc. boosted its stake in Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 119 shares during the period.

Wingstop Trading Up 1.2%

Wingstop stock opened at $145.59 on Thursday. Wingstop Inc. has a 1-year low of $116.35 and a 1-year high of $388.14. The firm’s fifty day simple moving average is $156.32 and its 200-day simple moving average is $213.93. The company has a market capitalization of $3.96 billion, a P/E ratio of 36.22, a P/E/G ratio of 1.60 and a beta of 1.82.

Wingstop (NASDAQ:WINGGet Free Report) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The business had revenue of $183.73 million for the quarter, compared to analyst estimates of $187.82 million. During the same period last year, the business posted $0.99 EPS. Wingstop’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Wingstop Inc. will post 4.59 earnings per share for the current year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were paid a $0.30 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.8%. Wingstop’s dividend payout ratio (DPR) is presently 29.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. BNP Paribas Exane assumed coverage on shares of Wingstop in a research report on Monday, March 30th. They issued an “outperform” rating and a $275.00 target price for the company. Barclays cut their target price on shares of Wingstop from $330.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Mizuho set a $280.00 price target on shares of Wingstop in a report on Friday, June 5th. Finally, Piper Sandler upgraded shares of Wingstop from a “neutral” rating to an “overweight” rating and cut their price target for the company from $283.00 to $190.00 in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.82.

Get Our Latest Research Report on WING

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

Want to see what other hedge funds are holding WING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wingstop Inc. (NASDAQ:WINGFree Report).

Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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