Capital International Investors Acquires 57,818 Shares of Wingstop Inc. $WING

Capital International Investors lifted its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 18.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,524 shares of the restaurant operator’s stock after purchasing an additional 57,818 shares during the period. Capital International Investors owned 1.34% of Wingstop worth $89,082,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Lone Pine Capital LLC bought a new position in Wingstop in the third quarter worth approximately $375,317,000. TD Asset Management Inc boosted its holdings in Wingstop by 17.1% in the third quarter. TD Asset Management Inc now owns 57,586 shares of the restaurant operator’s stock worth $14,493,000 after acquiring an additional 8,414 shares in the last quarter. Capital World Investors boosted its holdings in Wingstop by 160.6% in the third quarter. Capital World Investors now owns 740,896 shares of the restaurant operator’s stock worth $186,469,000 after acquiring an additional 456,637 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its holdings 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 worth $4,779,000 after acquiring an additional 8,103 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Wingstop by 553.3% in the fourth quarter. SG Americas Securities LLC now owns 41,349 shares of the restaurant operator’s stock worth $9,861,000 after acquiring an additional 35,020 shares in the last quarter.

Wingstop Stock Up 0.9%

Shares of Wingstop stock opened at $143.45 on Tuesday. The company has a market cap of $3.91 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 1.59 and a beta of 1.82. Wingstop Inc. has a 52 week low of $116.35 and a 52 week high of $388.14. The business has a 50 day moving average price of $156.71 and a 200-day moving average price of $215.14.

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

Wingstop Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WING. Wolfe Research initiated coverage on Wingstop in a report on Monday, March 9th. They issued an “outperform” rating and a $320.00 price target on the stock. Truist Financial set a $374.00 price objective on Wingstop and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Piper Sandler raised Wingstop from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $283.00 to $190.00 in a research note on Thursday, April 2nd. Wells Fargo & Company lowered their price objective on Wingstop from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Guggenheim lowered their price objective on Wingstop from $255.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, May 4th. 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $276.61.

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.