Meiji Yasuda America Inc Makes New $2.42 Million Investment in Wingstop Inc. $WING

Meiji Yasuda America Inc purchased a new position in shares of Wingstop Inc. (NASDAQ:WING) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,148 shares of the restaurant operator’s stock, valued at approximately $2,420,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. lifted its position in shares of Wingstop by 76.9% in the fourth 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 in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Wingstop by 54.3% in the third 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 in the last quarter. Rakuten Securities Inc. lifted its position in shares of Wingstop by 197.9% in the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 95 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in shares of Wingstop in the third quarter valued at approximately $47,000. Finally, GW&K Investment Management LLC lifted its position in shares of Wingstop by 75.7% in the fourth quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock valued at $45,000 after acquiring an additional 81 shares in the last quarter.

Analyst Ratings Changes

WING has been the topic of several research reports. Piper Sandler upgraded Wingstop from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $283.00 to $190.00 in a research report on Thursday, April 2nd. Truist Financial set a $374.00 target price on Wingstop and gave the company a “buy” rating in a research report on Wednesday, February 18th. BTIG Research restated a “buy” rating and issued a $305.00 target price on shares of Wingstop in a research report on Thursday, May 28th. Stephens restated an “overweight” rating and issued a $225.00 target price on shares of Wingstop in a research report on Thursday, June 4th. Finally, Weiss Ratings downgraded Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $274.82.

Wingstop Stock Performance

Shares of Wingstop stock opened at $153.88 on Friday. Wingstop Inc. has a one year low of $116.35 and a one year high of $381.45. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 1.62 and a beta of 1.82. The business’s 50 day moving average price is $156.30 and its 200 day moving average price is $213.29.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data 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 firm had revenue of $183.73 million for the quarter, compared to the consensus estimate of $187.82 million. During the same quarter last year, the business posted $0.99 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that Wingstop Inc. will post 4.59 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed 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. 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 presently 29.85%.

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.