Wingstop Inc. $WING Shares Sold by Strs Ohio

Strs Ohio lowered its position in shares of Wingstop Inc. (NASDAQ:WING) by 50.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,964 shares of the restaurant operator’s stock after selling 4,001 shares during the quarter. Strs Ohio’s holdings in Wingstop were worth $614,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. 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. raised its holdings in Wingstop by 197.9% during the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 95 shares in the last quarter. GW&K Investment Management LLC raised 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 in the last quarter. Geneos Wealth Management Inc. raised its holdings 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 purchasing an additional 119 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. acquired a new stake in Wingstop in the fourth quarter valued at about $63,000.

Wingstop Stock Performance

Shares of WING stock opened at $157.72 on Friday. The stock has a fifty day moving average price of $150.60 and a 200 day moving average price of $200.65. The stock has a market cap of $4.29 billion, a PE ratio of 39.23, a P/E/G ratio of 1.90 and a beta of 1.79. Wingstop Inc. has a 1 year low of $116.35 and a 1 year high of $381.45.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The company had revenue of $183.72 million for the quarter, compared to analyst estimates of $187.82 million. During the same quarter in the prior year, the company earned $0.99 earnings per share. Wingstop’s revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts predict that Wingstop Inc. will post 4.57 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were given a $0.30 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.8%. Wingstop’s payout ratio is currently 29.85%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WING shares. Piper Sandler raised Wingstop from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $283.00 to $190.00 in a report on Thursday, April 2nd. Benchmark cut their target price on Wingstop from $320.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, April 20th. DA Davidson reissued a “buy” rating and issued a $250.00 price target on shares of Wingstop in a report on Monday, April 20th. Royal Bank Of Canada decreased their price target on Wingstop from $250.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Finally, Raymond James Financial raised Wingstop from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the stock from $325.00 to $240.00 in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $261.19.

Wingstop Company Profile

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.