California Public Employees Retirement System Sells 9,945 Shares of Wingstop Inc. $WING

California Public Employees Retirement System trimmed its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 20.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,777 shares of the restaurant operator’s stock after selling 9,945 shares during the period. California Public Employees Retirement System’s holdings in Wingstop were worth $6,009,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vident Advisory LLC increased its position in shares of Wingstop by 3.9% in the fourth quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock valued at $229,000 after acquiring an additional 36 shares during the last quarter. YANKCOM Partnership boosted its position in Wingstop by 10.1% during the fourth quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 39 shares during the last quarter. Allworth Financial LP grew its stake in Wingstop by 17.3% in the third quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 39 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Wingstop by 1.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock valued at $627,000 after purchasing an additional 45 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Wingstop by 1.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,672 shares of the restaurant operator’s stock worth $879,000 after purchasing an additional 59 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WING. Citigroup upped their price objective on Wingstop from $229.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. TD Cowen reissued a “hold” rating and issued a $160.00 target price on shares of Wingstop in a research note on Thursday, July 9th. Royal Bank Of Canada lowered their target price on shares of Wingstop from $250.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Wells Fargo & Company dropped their price target on shares of Wingstop from $200.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Finally, Barclays cut their price target on shares of Wingstop from $330.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.81.

Trending Headlines about Wingstop

Here are the key news stories impacting Wingstop this week:

• Positive Sentiment: Wingstop launched “Wingstop Wing Week,” expanding National Wing Day into a five-day event with free wings, Club Wingstop rewards, and live music giveaways, which could help boost customer traffic and brand engagement. Wingstop Expands Wing Day into Wing Week, Kicking Off a Broader $1 Million in Fan Experiences and Giveaways
• Positive Sentiment: Multiple reports highlighted Wingstop’s National Wing Day promotion expansion, reinforcing that the company is using limited-time offers and giveaways to drive consumer interest. Wingstop is turning National Wing Day into a full week with free wings and daily prize giveaways
• Neutral Sentiment: Brokerage coverage remained constructive overall, with a consensus “Moderate Buy” rating still in place, suggesting analysts remain generally optimistic about the stock’s outlook. Wingstop Inc. (NASDAQ:WING) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Mizuho lowered its price target on Wingstop to $240 from $280, but kept an “outperform” rating, indicating confidence remains intact despite a reduced valuation target. The Fly
• Neutral Sentiment: DA Davidson also cut its price target to $200 from $230 while maintaining a “buy” rating, which may reflect near-term caution but not a change in the firm’s positive view. Benzinga
• Neutral Sentiment: Wingstop announced a restaurant opening in Craigavon, supporting its ongoing expansion strategy, though the article did not indicate a material financial impact. US chicken chain Wingstop in Craigavon restaurant opening

Wingstop Stock Performance

Shares of NASDAQ WING opened at $135.20 on Monday. The firm has a market cap of $3.68 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 1.61 and a beta of 1.79. The business’s 50 day moving average is $151.74 and its 200-day moving average is $192.36. Wingstop Inc. has a 1-year low of $116.35 and a 1-year high of $381.45.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) 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 business had revenue of $183.72 million during the quarter, compared to the consensus estimate of $187.82 million. During the same period in the previous year, the company posted $0.99 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts forecast that Wingstop Inc. will post 4.56 EPS for the current year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 15th. Wingstop’s payout ratio is presently 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.