Wingstop Inc. $WING Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its position in shares of Wingstop Inc. (NASDAQ:WING) by 50.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 949,033 shares of the restaurant operator’s stock after purchasing an additional 316,328 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Wingstop were worth $238,853,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Quaker Wealth Management LLC increased its position in Wingstop by 134.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 408 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of Wingstop in the 2nd quarter valued at approximately $43,000. Hantz Financial Services Inc. boosted its stake in shares of Wingstop by 4,200.0% in the second quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 126 shares in the last quarter. True Wealth Design LLC grew its holdings in Wingstop by 623.8% during the second quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 131 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Wingstop by 22.3% during the second quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $61,000 after acquiring an additional 33 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Cowen reissued a “buy” rating on shares of Wingstop in a report on Thursday. Wells Fargo & Company cut their price target on shares of Wingstop from $365.00 to $330.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $350.00 price objective on shares of Wingstop in a research note on Monday, December 15th. The Goldman Sachs Group lowered their target price on shares of Wingstop from $370.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, Wall Street Zen cut shares of Wingstop from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $340.64.

Insider Buying and Selling

In related news, Director Kilandigalu Madati sold 269 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $259.97, for a total value of $69,931.93. Following the completion of the transaction, the director owned 5,283 shares of the company’s stock, valued at approximately $1,373,421.51. The trade was a 4.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Wingstop Price Performance

Shares of WING opened at $276.31 on Tuesday. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $388.14. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 45.00, a price-to-earnings-growth ratio of 3.15 and a beta of 1.77. The firm has a 50 day simple moving average of $253.36 and a 200-day simple moving average of $277.43.

Wingstop (NASDAQ:WING) last announced its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.18. The firm had revenue of $175.74 million for the quarter, compared to analysts’ expectations of $189.10 million. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.Wingstop’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. On average, equities analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. Wingstop’s dividend payout ratio (DPR) is presently 19.54%.

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.