Capital International Investors Raises Stock Holdings in Wingstop Inc. $WING

Capital International Investors lifted its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 18.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 373,524 shares of the restaurant operator’s stock after acquiring an additional 57,818 shares during the quarter. Capital International Investors’ holdings in Wingstop were worth $89,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. increased its position in shares of Wingstop by 76.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 60 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in Wingstop by 54.3% during the third 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 period. Rakuten Securities Inc. grew its holdings in Wingstop by 197.9% during the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 95 shares during the period. Pinnacle Holdings LLC bought a new position in Wingstop during the third quarter valued at $47,000. Finally, Smartleaf Asset Management LLC grew its holdings in Wingstop by 75.9% during the third quarter. Smartleaf Asset Management LLC now owns 204 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 88 shares during the period.

Wingstop Price Performance

Wingstop stock opened at $143.45 on Tuesday. Wingstop Inc. has a one year low of $116.35 and a one year high of $388.14. The business has a fifty day moving average price of $156.71 and a 200-day moving average price of $215.14. The firm has a market capitalization of $3.91 billion, a P/E ratio of 35.68, a PEG ratio of 1.59 and a beta of 1.82.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results 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 firm had revenue of $183.73 million during the quarter, compared to analyst estimates of $187.82 million. During the same period last year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts expect that Wingstop Inc. will post 4.59 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. Wingstop’s dividend payout ratio (DPR) is presently 29.85%.

Analysts Set New Price Targets

Several equities analysts have weighed in on WING shares. Piper Sandler raised Wingstop from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $283.00 to $190.00 in a report on Thursday, April 2nd. Benchmark reduced their price objective on Wingstop from $320.00 to $285.00 and set a “buy” rating for the company in a report on Monday, April 20th. Truist Financial set a $374.00 price objective on Wingstop and gave the company a “buy” rating in a report on Wednesday, February 18th. BTIG Research reissued a “buy” rating and set a $305.00 price objective on shares of Wingstop in a report on Thursday, May 28th. Finally, Wolfe Research started coverage on Wingstop in a report on Monday, March 9th. They set an “outperform” rating and a $320.00 price objective for the company. Two investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Wingstop presently has an average rating of “Moderate Buy” and an average price target of $276.61.

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.