Strs Ohio Purchases 21,664 Shares of Wingstop Inc. $WING

Strs Ohio increased its position in Wingstop Inc. (NASDAQ:WING) by 43.3% during the 2nd quarter, Holdings Channel reports. The firm owned 71,664 shares of the restaurant operator’s stock after acquiring an additional 21,664 shares during the quarter. Strs Ohio’s holdings in Wingstop were worth $24,132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WING. Signaturefd LLC grew its stake in Wingstop by 106.9% in the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 77 shares in the last quarter. Quaker Wealth Management LLC grew its stake in Wingstop by 134.2% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 408 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Wingstop during the second quarter worth $43,000. Hantz Financial Services Inc. lifted its holdings in Wingstop by 4,200.0% during the second quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock worth $43,000 after buying an additional 126 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Wingstop by 121.4% during the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after buying an additional 119 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WING. Guggenheim upped their target price on Wingstop from $325.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Sanford C. Bernstein restated an “overweight” rating and set a $440.00 target price on shares of Wingstop in a report on Thursday, July 31st. Piper Sandler began coverage on Wingstop in a report on Wednesday, July 9th. They set an “overweight” rating for the company. Barclays lowered their target price on Wingstop from $440.00 to $330.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Finally, Raymond James Financial restated a “strong-buy” rating and set a $350.00 target price (down previously from $420.00) on shares of Wingstop in a report on Thursday, October 16th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $354.60.

Wingstop Trading Up 0.5%

Shares of WING opened at $216.63 on Friday. Wingstop Inc. has a 12 month low of $204.00 and a 12 month high of $388.14. The stock has a fifty day moving average price of $269.28 and a 200-day moving average price of $299.87. The firm has a market cap of $6.05 billion, a PE ratio of 36.11, a P/E/G ratio of 3.00 and a beta of 1.78.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, July 30th. The restaurant operator reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.The firm had revenue of $174.33 million during the quarter, compared to analyst estimates of $172.60 million. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.