Nomura Asset Management Co. Ltd. Has $2.59 Million Stock Holdings in Wingstop Inc. $WING

Nomura Asset Management Co. Ltd. cut its position in Wingstop Inc. (NASDAQ:WING) by 32.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,838 shares of the restaurant operator’s stock after selling 5,308 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Wingstop were worth $2,585,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Allworth Financial LP boosted its stake in Wingstop by 17.3% during the 3rd quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 39 shares during the last quarter. YANKCOM Partnership boosted its stake in Wingstop by 10.1% during the 4th quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 39 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in 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 purchasing an additional 50 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Wingstop by 2.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,583 shares of the restaurant operator’s stock valued at $650,000 after purchasing an additional 59 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in 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 purchasing an additional 60 shares during the last quarter.

Wingstop Stock Up 0.3%

Wingstop stock opened at $144.48 on Friday. Wingstop Inc. has a 52 week low of $116.35 and a 52 week high of $388.14. The company’s 50 day moving average price is $157.44 and its two-hundred day moving average price is $216.35. The stock has a market cap of $3.93 billion, a P/E ratio of 35.94, a P/E/G ratio of 1.61 and a beta of 1.82.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping 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 firm had revenue of $183.73 million for the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter last year, the firm earned $0.99 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Wingstop Inc. will post 4.59 EPS for the current year.

Wingstop Dividend Announcement

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

Wall Street Analyst Weigh In

WING has been the subject of a number of analyst reports. Stephens reiterated an “overweight” rating and set a $225.00 price target on shares of Wingstop in a research note on Thursday. Raymond James Financial upgraded Wingstop from an “outperform” rating to a “strong-buy” rating and cut their price target for the company from $325.00 to $240.00 in a research note on Thursday, April 2nd. Barclays cut their price target on Wingstop from $330.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Truist Financial set a $374.00 price target on Wingstop and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Wolfe Research initiated coverage on Wingstop in a research note on Monday, March 9th. They set an “outperform” rating and a $320.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $277.68.

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.