Amalgamated Bank lowered its holdings in Wingstop Inc. (NASDAQ:WING – Get Rating) by 4.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,277 shares of the restaurant operator's stock after selling 974 shares during the quarter. Amalgamated Bank's holdings in Wingstop were worth $2,380,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Wingstop by 5.9% during the 1st quarter. American Century Companies Inc. now owns 1,948,040 shares of the restaurant operator's stock worth $228,603,000 after acquiring an additional 108,916 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Wingstop by 9.2% during the 4th quarter. Alliancebernstein L.P. now owns 973,704 shares of the restaurant operator's stock worth $168,256,000 after acquiring an additional 82,425 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in Wingstop by 32.4% during the 1st quarter. Copeland Capital Management LLC now owns 281,621 shares of the restaurant operator's stock worth $33,048,000 after acquiring an additional 68,848 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Wingstop by 3.5% during the 1st quarter. Wellington Management Group LLP now owns 1,751,221 shares of the restaurant operator's stock worth $205,506,000 after acquiring an additional 59,529 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Wingstop during the 1st quarter worth $6,865,000.
Get Wingstop alerts:Wingstop Price Performance
Shares of WING opened at $125.25 on Friday. The firm has a market cap of $3.75 billion, a P/E ratio of 93.47, a P/E/G ratio of 7.38 and a beta of 1.71. The stock has a 50 day simple moving average of $124.83 and a two-hundred day simple moving average of $104.02. Wingstop Inc. has a 1 year low of $67.67 and a 1 year high of $184.00.
Wingstop (NASDAQ:WING – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The restaurant operator reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.10. Wingstop had a negative return on equity of 10.82% and a net margin of 13.49%. The firm had revenue of $83.78 million during the quarter, compared to the consensus estimate of $86.11 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The business's revenue was up 13.2% on a year-over-year basis. On average, equities analysts anticipate that Wingstop Inc. will post 1.57 earnings per share for the current year.Wingstop Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, August 11th. This is an increase from Wingstop's previous quarterly dividend of $0.17. Wingstop's dividend payout ratio is currently 56.72%.
Analyst Ratings Changes
A number of research firms have issued reports on WING. Piper Sandler cut their price objective on shares of Wingstop from $85.00 to $70.00 and set an "underweight" rating on the stock in a report on Tuesday, June 21st. Barclays lifted their target price on Wingstop from $101.00 to $144.00 in a research note on Friday, July 29th. BTIG Research lifted their target price on Wingstop from $125.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, July 28th. Morgan Stanley lifted their target price on Wingstop from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Friday, July 29th. Finally, Wedbush lifted their target price on Wingstop from $135.00 to $157.00 and gave the stock an "outperform" rating in a research note on Monday, September 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.11.
Wingstop Company Profile
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Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide.
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