Strs Ohio reduced its position in shares of Wingstop Inc. (NASDAQ:WING – Free Report) by 35.9% during the third quarter, HoldingsChannel reports. The firm owned 45,964 shares of the restaurant operator’s stock after selling 25,700 shares during the quarter. Strs Ohio’s holdings in Wingstop were worth $11,568,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in WING. Freedom Investment Management Inc. increased its stake in Wingstop by 2.2% during the 2nd quarter. Freedom Investment Management Inc. now owns 1,371 shares of the restaurant operator’s stock worth $462,000 after buying an additional 30 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Wingstop by 16.8% during the second quarter. Farther Finance Advisors LLC now owns 223 shares of the restaurant operator’s stock valued at $75,000 after acquiring an additional 32 shares in the last quarter. Signaturefd LLC increased its position in shares of Wingstop by 26.2% during the second quarter. Signaturefd LLC now owns 188 shares of the restaurant operator’s stock worth $63,000 after acquiring an additional 39 shares during the last quarter. Personal CFO Solutions LLC increased its position in shares of Wingstop by 4.6% during the second quarter. Personal CFO Solutions LLC now owns 997 shares of the restaurant operator’s stock worth $336,000 after acquiring an additional 44 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its stake in shares of Wingstop by 0.8% in the second quarter. Centaurus Financial Inc. now owns 5,555 shares of the restaurant operator’s stock worth $1,870,000 after acquiring an additional 46 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on WING shares. Mizuho lowered their price objective on Wingstop from $320.00 to $310.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. Benchmark decreased their price target on shares of Wingstop from $340.00 to $320.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Wingstop in a research note on Monday, December 29th. Royal Bank Of Canada increased their price objective on shares of Wingstop from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Finally, BMO Capital Markets decreased their price objective on shares of Wingstop from $345.00 to $280.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Four analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Wingstop currently has an average rating of “Moderate Buy” and a consensus price target of $340.00.
Key Wingstop News
Here are the key news stories impacting Wingstop this week:
- Positive Sentiment: Melius Research upgraded Wingstop to a “Buy,” which can boost investor confidence and support the stock on valuation/earnings re‑rating. Melius Research Upgrades Wingstop (NASDAQ:WING) to “Buy”
- Positive Sentiment: Limited‑time collaboration with PopUp Bagels launching a Wingstop‑inspired “Lemon Pepper Schmear” (available Jan. 29 while supplies last) extends the brand into morning occasions and creates cross‑channel buzz. Wingstop and PopUp Bagels Team Up on “Lemon Pepper Schmear” for Bold Flavor, All Day Long
- Positive Sentiment: New hot‑honey wing flavors and a limited sandwich rollout timed ahead of the Super Bowl aim to drive incremental same‑store sales and traffic during a peak eating occasion. Marketing tie‑ins around the game can lift near‑term comps. Wingstop unveils two new hot honey wing flavors ahead of Super Bowl
- Neutral Sentiment: Wingstop continues unit growth at the local level with a planned new location in Greenfield — a steady but small contributor to long‑term franchise expansion. Wingstop to open location in Greenfield
- Neutral Sentiment: Coverage pieces and product reviews (hot‑honey sandwich reviews and analysis of the hot‑honey push and a new COO) highlight management strategy and customer reception; useful for sentiment but mixed on long‑term impact. Does Wingstop’s (WING) Hot Honey Push and New COO Reveal a Deeper Expansion Strategy?
- Neutral Sentiment: Multiple lifestyle and food outlets covered the flavor launches and collaborations, reinforcing marketing reach; coverage supports short‑term awareness but is not a direct earnings driver. Wingstop Launches New Flavors Just In Time for the Super Bowl
Wingstop Price Performance
Wingstop stock opened at $271.39 on Monday. Wingstop Inc. has a 12 month low of $204.00 and a 12 month high of $388.14. The company has a fifty day moving average price of $255.88 and a two-hundred day moving average price of $275.76. The company has a market cap of $7.54 billion, a PE ratio of 44.20, a P/E/G ratio of 3.11 and a beta of 1.77.
Wingstop (NASDAQ:WING – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The company had revenue of $175.74 million for the quarter, compared to the consensus estimate of $189.10 million. During the same period last year, the firm posted $0.88 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts anticipate that Wingstop Inc. will post 4.18 earnings per share for the current year.
Wingstop Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 21st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. Wingstop’s dividend payout ratio (DPR) is currently 19.54%.
Insider Buying and Selling
In other news, Director Kilandigalu Madati sold 269 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total transaction of $69,931.93. Following the completion of the transaction, the director directly owned 5,283 shares of the company’s stock, valued at approximately $1,373,421.51. This represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by insiders.
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.
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