Wingstop Inc. $WING Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp grew its position in Wingstop Inc. (NASDAQ:WING) by 203.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,555 shares of the restaurant operator’s stock after purchasing an additional 37,235 shares during the period. King Luther Capital Management Corp owned approximately 0.20% of Wingstop worth $13,249,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Lone Pine Capital LLC acquired a new stake in Wingstop during the third quarter worth about $375,317,000. Massachusetts Financial Services Co. MA grew its holdings in Wingstop by 48.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,405,894 shares of the restaurant operator’s stock worth $335,292,000 after acquiring an additional 456,861 shares during the period. Steadfast Capital Management LP grew its holdings in Wingstop by 296.2% during the third quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock worth $239,227,000 after acquiring an additional 710,621 shares during the period. Artisan Partners Limited Partnership grew its holdings in Wingstop by 20.8% during the third quarter. Artisan Partners Limited Partnership now owns 890,451 shares of the restaurant operator’s stock worth $224,109,000 after acquiring an additional 153,082 shares during the period. Finally, Champlain Investment Partners LLC grew its holdings in Wingstop by 3.5% during the third quarter. Champlain Investment Partners LLC now owns 767,208 shares of the restaurant operator’s stock worth $193,091,000 after acquiring an additional 26,111 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WING shares. Royal Bank Of Canada dropped their target price on Wingstop from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. The Goldman Sachs Group lowered Wingstop from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $290.00 to $190.00 in a report on Thursday, April 30th. Benchmark dropped their target price on Wingstop from $320.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, April 20th. BTIG Research dropped their target price on Wingstop from $400.00 to $305.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Piper Sandler raised Wingstop from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $283.00 to $190.00 in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $277.68.

Wingstop Price Performance

NASDAQ WING opened at $152.09 on Thursday. The company has a market cap of $4.14 billion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.86. The stock’s 50 day simple moving average is $161.58 and its 200-day simple moving average is $219.96. Wingstop Inc. has a 1-year low of $116.35 and a 1-year high of $388.14.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. The business had revenue of $183.73 million for 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%.The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. On average, equities research analysts anticipate that Wingstop Inc. will post 4.59 EPS for the current fiscal year.

Wingstop Dividend Announcement

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

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.