Geode Capital Management LLC Has $134.54 Million Position in Wingstop Inc. $WING

Geode Capital Management LLC increased its position in shares of Wingstop Inc. (NASDAQ:WING) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 564,017 shares of the restaurant operator’s stock after purchasing an additional 8,593 shares during the period. Geode Capital Management LLC’s holdings in Wingstop were worth $134,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in WING. Baird Financial Group Inc. acquired a new stake in Wingstop during the 1st quarter worth approximately $256,000. Jones Financial Companies Lllp lifted its holdings in Wingstop by 2,770.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock worth $440,000 after purchasing an additional 1,884 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Wingstop by 5.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock worth $20,852,000 after purchasing an additional 4,937 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Wingstop by 121.4% during 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 last quarter. Finally, Sivia Capital Partners LLC lifted its holdings in Wingstop by 45.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock worth $467,000 after purchasing an additional 434 shares during the last quarter.

Wingstop Price Performance

Wingstop stock opened at $144.48 on Friday. The stock’s fifty day moving average price is $157.44 and its two-hundred day moving average price is $216.35. Wingstop Inc. has a one year low of $116.35 and a one year high of $388.14. The firm has a market cap of $3.93 billion, a PE ratio of 35.94, a price-to-earnings-growth ratio of 1.61 and a beta of 1.82.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The firm had revenue of $183.73 million for the quarter, compared to analyst estimates of $187.82 million. During the same quarter last year, the company earned $0.99 EPS. The company’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts expect that Wingstop Inc. will post 4.59 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, May 15th. Wingstop’s dividend payout ratio (DPR) is 29.85%.

Analyst Upgrades and Downgrades

WING has been the subject of several research reports. Wolfe Research initiated coverage on Wingstop in a report on Monday, March 9th. They set an “outperform” rating and a $320.00 price target for the company. DA Davidson reissued a “buy” rating and set a $250.00 price target on shares of Wingstop in a report on Monday, April 20th. Wells Fargo & Company dropped their price target on Wingstop from $225.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Citigroup dropped their price target on Wingstop from $230.00 to $229.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, UBS Group lowered their price objective on Wingstop from $295.00 to $210.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $277.68.

About Wingstop

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.