BW Gestao de Investimentos Ltda. Acquires Shares of 3,850 Wingstop Inc. $WING

BW Gestao de Investimentos Ltda. acquired a new stake in Wingstop Inc. (NASDAQ:WING) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,850 shares of the restaurant operator’s stock, valued at approximately $918,000.

Other large investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC increased its stake in Wingstop by 123.9% in the 3rd quarter. WCM Investment Management LLC now owns 102,687 shares of the restaurant operator’s stock valued at $25,861,000 after buying an additional 56,833 shares during the period. Lone Pine Capital LLC acquired a new position in Wingstop in the 3rd quarter valued at approximately $375,317,000. TD Asset Management Inc increased its stake in Wingstop by 17.1% in the 3rd quarter. TD Asset Management Inc now owns 57,586 shares of the restaurant operator’s stock valued at $14,493,000 after buying an additional 8,414 shares during the period. Capital World Investors increased its stake in Wingstop by 160.6% in the 3rd quarter. Capital World Investors now owns 740,896 shares of the restaurant operator’s stock valued at $186,469,000 after buying an additional 456,637 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG increased its stake in Wingstop by 74.4% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 18,990 shares of the restaurant operator’s stock valued at $4,779,000 after buying an additional 8,103 shares during the period.

Wingstop Trading Down 4.5%

NASDAQ WING opened at $151.00 on Wednesday. The company has a fifty day simple moving average of $159.51 and a 200 day simple moving average of $218.25. The company has a market cap of $4.11 billion, a P/E ratio of 37.56, a P/E/G ratio of 1.76 and a beta of 1.82. Wingstop Inc. has a 1 year low of $116.35 and a 1 year high of $388.14.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. The business had revenue of $183.73 million during the quarter, compared to the consensus estimate of $187.82 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. Wingstop’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. Equities research analysts forecast that Wingstop Inc. will post 4.59 EPS for the current fiscal year.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th. Wingstop’s dividend payout ratio is currently 29.85%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WING. Wolfe Research assumed coverage on shares of Wingstop in a research note on Monday, March 9th. They issued an “outperform” rating and a $320.00 price objective on the stock. The Goldman Sachs Group downgraded shares of Wingstop from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $290.00 to $190.00 in a research report on Thursday, April 30th. TD Cowen decreased their target price on shares of Wingstop from $172.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. Truist Financial set a $374.00 target price on shares of Wingstop and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, Royal Bank Of Canada decreased their target price on shares of Wingstop from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $277.68.

Wingstop Company 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.