Wingstop Inc. $WING Stock Holdings Boosted by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in shares of Wingstop Inc. (NASDAQ:WING) by 2,528.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,675 shares of the restaurant operator’s stock after purchasing an additional 82,416 shares during the quarter. BNP Paribas Financial Markets owned about 0.31% of Wingstop worth $20,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of WING. Cornerstone Planning Group LLC lifted its position in shares of Wingstop by 1,650.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Wingstop by 76.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 60 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of Wingstop by 197.9% during the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 95 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Wingstop by 54.3% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 50 shares during the last quarter. Finally, Pinnacle Holdings LLC acquired a new stake in shares of Wingstop during the 3rd quarter valued at $47,000.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WING. Weiss Ratings lowered Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Stifel Nicolaus reduced their target price on Wingstop from $325.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Guggenheim reduced their target price on Wingstop from $255.00 to $215.00 and set a “buy” rating for the company in a report on Monday, May 4th. BTIG Research restated a “buy” rating and issued a $305.00 target price on shares of Wingstop in a report on Thursday, May 28th. Finally, Barclays reduced their target price on Wingstop from $330.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $276.61.

Wingstop Stock Performance

NASDAQ WING opened at $142.23 on Friday. The firm has a 50-day simple moving average of $156.95 and a 200 day simple moving average of $215.84. Wingstop Inc. has a twelve month low of $116.35 and a twelve month high of $388.14. The stock has a market cap of $3.87 billion, a PE ratio of 35.38, a PEG ratio of 1.61 and a beta of 1.82.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The business had revenue of $183.73 million during the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter last year, the company earned $0.99 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Research analysts forecast that Wingstop Inc. will post 4.59 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

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