Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 19,849 Wingstop Inc. $WING

Posted by Francis Steltz on Aug 29th, 2026

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Wingstop Inc. (NASDAQ:WING – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 19,849 shares of the restaurant operator’s stock, valued at approximately $3,442,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Wingstop during the second quarter worth about $481,314,000. Steadfast Capital Management LP lifted its position in Wingstop by 296.2% in the third quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock valued at $239,227,000 after purchasing an additional 710,621 shares during the period. Bank of New York Mellon Corp purchased a new stake in Wingstop in the 2nd quarter valued at approximately $80,456,000. Atreides Management LP acquired a new position in Wingstop during the 4th quarter worth approximately $93,012,000. Finally, Wasatch Advisors LP acquired a new position in Wingstop during the 2nd quarter worth approximately $114,758,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WING. Robert W. Baird upgraded Wingstop to a “strong-buy” rating in a research note on Monday, August 24th. Guggenheim lowered their price target on shares of Wingstop from $255.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Bank of America cut their price target on shares of Wingstop from $264.00 to $234.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Weiss Ratings downgraded shares of Wingstop from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 17th. Finally, Royal Bank Of Canada lowered their target price on shares of Wingstop from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Wingstop has a consensus rating of “Moderate Buy” and an average price target of $241.81.

Check Out Our Latest Research Report on Wingstop

Wingstop Trading Up 3.3%

Shares of WING opened at $113.58 on Friday. Wingstop Inc. has a 12-month low of $105.43 and a 12-month high of $338.80. The stock has a market cap of $3.09 billion, a P/E ratio of 26.98, a PEG ratio of 1.31 and a beta of 1.81. The company has a 50-day moving average of $138.06 and a two-hundred day moving average of $166.51.

Wingstop (NASDAQ:WING – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a net margin of 16.15% and a negative return on equity of 16.31%. The business had revenue of $185.56 million during the quarter, compared to analysts’ expectations of $190.25 million. During the same period last year, the company posted $1.00 EPS. The company’s revenue was up 6.5% on a year-over-year basis. As a group, analysts forecast that Wingstop Inc. will post 4.5 EPS for the current fiscal year.

Wingstop Increases Dividend

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

Wingstop Company 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.