Fiera Capital Corp Boosts Stock Holdings in Wingstop Inc. $WING

Fiera Capital Corp raised its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 32.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 228,076 shares of the restaurant operator’s stock after purchasing an additional 56,109 shares during the period. Fiera Capital Corp owned 0.82% of Wingstop worth $54,394,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WING. Baird Financial Group Inc. purchased a new position in Wingstop during the 1st quarter valued at about $256,000. Jones Financial Companies Lllp increased its position 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 valued at $440,000 after purchasing an additional 1,884 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 valued at $20,852,000 after purchasing an additional 4,937 shares during the period. Geneos Wealth Management Inc. increased its position in Wingstop by 121.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 119 shares during the period. Finally, Sivia Capital Partners LLC grew its position in shares of Wingstop by 45.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock worth $467,000 after buying an additional 434 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WING. Piper Sandler raised shares of Wingstop from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $283.00 to $190.00 in a research report on Thursday, April 2nd. TD Cowen reaffirmed a “hold” rating and issued a $160.00 price objective on shares of Wingstop in a research report on Thursday. Citigroup cut their price objective on shares of Wingstop from $230.00 to $229.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Wells Fargo & Company cut their price objective on shares of Wingstop from $225.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Mizuho set a $280.00 price objective on shares of Wingstop in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $276.61.

Wingstop Stock Performance

NASDAQ:WING opened at $142.23 on Monday. The company has a market cap of $3.87 billion, a PE ratio of 35.38, a P/E/G ratio of 1.59 and a beta of 1.82. Wingstop Inc. has a twelve month low of $116.35 and a twelve month high of $388.14. The company’s 50 day moving average is $156.95 and its two-hundred day moving average is $215.75.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The company had revenue of $183.73 million for the quarter, compared to the consensus estimate of $187.82 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. Wingstop’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. As a group, analysts expect that Wingstop Inc. will post 4.59 EPS for the current fiscal 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 yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. Wingstop’s payout ratio is currently 29.85%.

Wingstop 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.