Equitable Trust Co. increased its holdings in shares of Wingstop Inc. (NASDAQ:WING – Get Rating) by 216.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,107 shares of the restaurant operator's stock after buying an additional 6,227 shares during the quarter. Equitable Trust Co.'s holdings in Wingstop were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the business. Stephens Inc. AR lifted its position in Wingstop by 5.5% during the fourth quarter. Stephens Inc. AR now owns 3,187 shares of the restaurant operator's stock worth $551,000 after buying an additional 166 shares during the period. Gladius Capital Management LP lifted its position in Wingstop by 20.2% during the first quarter. Gladius Capital Management LP now owns 1,254 shares of the restaurant operator's stock worth $148,000 after buying an additional 211 shares during the period. Yousif Capital Management LLC lifted its position in Wingstop by 1.7% during the first quarter. Yousif Capital Management LLC now owns 16,332 shares of the restaurant operator's stock worth $1,917,000 after buying an additional 274 shares during the period. Advisor Group Holdings Inc. lifted its position in Wingstop by 3.9% during the first quarter. Advisor Group Holdings Inc. now owns 7,755 shares of the restaurant operator's stock worth $866,000 after buying an additional 289 shares during the period. Finally, YorkBridge Wealth Partners LLC lifted its position in Wingstop by 13.7% during the first quarter. YorkBridge Wealth Partners LLC now owns 2,546 shares of the restaurant operator's stock worth $299,000 after buying an additional 307 shares during the period.
Get
Wingstop alerts:
Wingstop Stock Performance
Shares of WING opened at $123.75 on Tuesday. The company has a market capitalization of $3.70 billion, a P/E ratio of 92.35, a P/E/G ratio of 6.65 and a beta of 1.71. Wingstop Inc. has a one year low of $67.67 and a one year high of $180.00. The stock has a 50-day moving average price of $125.38 and a 200 day moving average price of $103.86.
Wingstop (NASDAQ:WING – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The restaurant operator reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.10. The firm had revenue of $83.78 million during the quarter, compared to the consensus estimate of $86.11 million. Wingstop had a negative return on equity of 10.82% and a net
margin of 13.49%. Wingstop's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 earnings per share. As a group, equities research analysts forecast that Wingstop Inc. will post 1.57 earnings per share for the current fiscal year.
Wingstop Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders 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 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 (DPR) is currently 56.72%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on WING shares. Morgan Stanley increased their target price on Wingstop from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, July 29th. Royal Bank of Canada upped their price target on Wingstop from $100.00 to $115.00 in a research note on Friday, July 29th. Wedbush upped their price target on Wingstop from $135.00 to $157.00 and gave the stock an "outperform" rating in a research note on Monday, September 12th. BTIG Research upped their price target on Wingstop from $125.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, July 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Wingstop from $83.00 to $117.00 in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.11.
Wingstop Company Profile
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on Wingstop (WING)
- MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
- MO Money: Why Altria Group Stock is Rallying
- Is the Market Overreacting with Shopify Stock?
- Fed Raises Rates: 3 Stocks to Watch Newmont Mining, Walmart, AMC
- Three Consumer Stocks That Could Outperform In Q4
Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.
