8,100 Shares in Wingstop Inc. $WING Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in Wingstop Inc. (NASDAQ:WING) during the first quarter, according to its most recent filing with the SEC. The firm bought 8,100 shares of the restaurant operator’s stock, valued at approximately $1,255,000.

Several other institutional investors have also recently bought and sold shares of WING. Vident Advisory LLC lifted its position in Wingstop by 3.9% during the 4th quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock worth $229,000 after acquiring an additional 36 shares during the last quarter. Allworth Financial LP increased its stake in shares of Wingstop by 17.3% in the third quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 39 shares during the period. YANKCOM Partnership increased its stake in shares of Wingstop by 10.1% in the fourth quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock worth $102,000 after purchasing an additional 39 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Wingstop by 1.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock worth $627,000 after purchasing an additional 45 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Wingstop by 76.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 60 shares during the last quarter.

Analyst Upgrades and Downgrades

WING has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $255.00 target price on shares of Wingstop in a report on Thursday, April 30th. Citigroup cut their price target on Wingstop from $230.00 to $229.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Stephens reissued an “overweight” rating and issued a $225.00 price objective on shares of Wingstop in a research report on Thursday, June 4th. Royal Bank Of Canada lowered their price objective on shares of Wingstop from $250.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Finally, Piper Sandler raised shares of 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 research report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned 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, Wingstop has a consensus rating of “Moderate Buy” and a consensus price target of $260.89.

Wingstop Price Performance

Shares of WING opened at $177.99 on Friday. The stock’s 50-day moving average price is $152.00 and its 200 day moving average price is $203.37. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 44.28, a P/E/G ratio of 2.14 and a beta of 1.79. Wingstop Inc. has a 12-month low of $116.35 and a 12-month high of $381.45.

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 company had revenue of $183.72 million during the quarter, compared to the consensus estimate of $187.82 million. During the same quarter last year, the company earned $0.99 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts expect that Wingstop Inc. will post 4.57 EPS for the current year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, May 15th. Wingstop’s dividend payout ratio (DPR) is 29.85%.

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.