Wingstop Inc. $WING Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its position in Wingstop Inc. (NASDAQ:WING) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,116 shares of the restaurant operator’s stock after selling 8,914 shares during the quarter. Copeland Capital Management LLC’s holdings in Wingstop were worth $40,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steadfast Capital Management LP lifted its position in shares of Wingstop by 296.2% during the 3rd quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock worth $239,227,000 after purchasing an additional 710,621 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Wingstop by 48.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,405,894 shares of the restaurant operator’s stock valued at $335,292,000 after buying an additional 456,861 shares in the last quarter. Atreides Management LP purchased a new stake in Wingstop during the 4th quarter worth about $93,012,000. Wasatch Advisors LP acquired a new stake in shares of Wingstop during the 2nd quarter worth about $114,758,000. Finally, Norges Bank acquired a new position in Wingstop in the fourth quarter valued at approximately $77,331,000.

Wingstop Price Performance

WING opened at $142.33 on Friday. Wingstop Inc. has a 12 month low of $116.35 and a 12 month high of $381.45. The stock has a market capitalization of $3.88 billion, a P/E ratio of 35.41, a P/E/G ratio of 1.69 and a beta of 1.79. The business has a 50 day simple moving average of $150.45 and a 200-day simple moving average of $196.55.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $183.72 million for the quarter, compared to analyst estimates of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.Wingstop’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 earnings per share. Research analysts anticipate that Wingstop Inc. will post 4.57 EPS for the current year.

Wingstop Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WING. The Goldman Sachs Group cut shares of Wingstop from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $290.00 to $190.00 in a report on Thursday, April 30th. 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. UBS Group reissued a “neutral” rating on shares of Wingstop in a research report on Tuesday. Mizuho set a $280.00 price target on Wingstop in a research report on Friday, June 5th. Finally, Piper Sandler raised shares of Wingstop from a “neutral” rating to an “overweight” rating and cut their target price for the company from $283.00 to $190.00 in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.07.

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.