Wingstop Inc. $WING Shares Sold by Capital World Investors

Capital World Investors reduced its stake in Wingstop Inc. (NASDAQ:WING) by 51.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 357,284 shares of the restaurant operator’s stock after selling 383,612 shares during the period. Capital World Investors owned approximately 1.29% of Wingstop worth $85,209,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lone Pine Capital LLC acquired a new stake in Wingstop in the third quarter valued at $375,317,000. TD Asset Management Inc raised its stake in Wingstop by 17.1% in the third quarter. TD Asset Management Inc now owns 57,586 shares of the restaurant operator’s stock valued at $14,493,000 after buying an additional 8,414 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in Wingstop by 74.4% in the third quarter. B. Metzler seel. Sohn & Co. AG now owns 18,990 shares of the restaurant operator’s stock valued at $4,779,000 after buying an additional 8,103 shares in the last quarter. SG Americas Securities LLC raised its stake in Wingstop by 553.3% in the fourth quarter. SG Americas Securities LLC now owns 41,349 shares of the restaurant operator’s stock valued at $9,861,000 after buying an additional 35,020 shares in the last quarter. Finally, Carnegie Investment Counsel raised its stake in Wingstop by 33.5% in the fourth quarter. Carnegie Investment Counsel now owns 51,725 shares of the restaurant operator’s stock valued at $12,336,000 after buying an additional 12,985 shares in the last quarter.

Wingstop Stock Performance

WING opened at $143.86 on Wednesday. The business’s 50-day simple moving average is $156.50 and its 200-day simple moving average is $214.52. Wingstop Inc. has a one year low of $116.35 and a one year high of $388.14. The stock has a market capitalization of $3.92 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 1.60 and a beta of 1.82.

Wingstop (NASDAQ:WING) last posted its earnings results 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 business had revenue of $183.73 million for the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that Wingstop Inc. will post 4.59 EPS for the current fiscal year.

Wingstop Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. BTIG Research restated a “buy” rating and issued a $305.00 price target on shares of Wingstop in a research note on Thursday, May 28th. BNP Paribas Exane assumed coverage on Wingstop in a research note on Monday, March 30th. They issued an “outperform” rating and a $275.00 price target on the stock. Weiss Ratings cut Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Benchmark cut their price target on Wingstop from $320.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Raymond James Financial upgraded Wingstop from an “outperform” rating to a “strong-buy” rating and cut their price target for the company from $325.00 to $240.00 in a research note on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $274.82.

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.