2,932 Shares in Wingstop Inc. $WING Purchased by Future Fund LLC

Future Fund LLC bought a new stake in Wingstop Inc. (NASDAQ:WING) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,932 shares of the restaurant operator’s stock, valued at approximately $987,000.

A number of other institutional investors also recently bought and sold shares of the business. Signaturefd LLC lifted its stake in Wingstop by 106.9% during the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 77 shares during the period. Quaker Wealth Management LLC raised its holdings in shares of Wingstop by 134.2% during the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 408 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of Wingstop during the second quarter worth $43,000. Hantz Financial Services Inc. lifted its position in Wingstop by 4,200.0% during the second quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 126 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Wingstop by 121.4% in the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 119 shares during the last quarter.

Wingstop Stock Down 2.6%

WING stock opened at $238.18 on Friday. The stock has a market capitalization of $6.62 billion, a P/E ratio of 38.79, a P/E/G ratio of 3.27 and a beta of 1.73. The firm has a 50-day simple moving average of $259.99 and a 200-day simple moving average of $301.17. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $388.14.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.18. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The firm had revenue of $175.74 million for the quarter, compared to analyst estimates of $189.10 million. During the same period last year, the company posted $0.88 EPS. Wingstop’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, November 21st. Wingstop’s payout ratio is presently 19.54%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WING shares. The Goldman Sachs Group reduced their price objective on Wingstop from $370.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday. Zacks Research cut Wingstop from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Wingstop in a research report on Thursday, October 30th. Sanford C. Bernstein dropped their price objective on shares of Wingstop from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Wall Street Zen cut shares of Wingstop from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Wingstop has a consensus rating of “Moderate Buy” and a consensus target price of $335.96.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.