National Bank of Canada FI acquired a new stake in shares of Wingstop Inc. (NASDAQ:WING – Get Rating) during Q1, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The company acquired 7,608 shares of the restaurateur, valued at approximately $803,000.
Other institutional investors and hedge funds have also recently changed their stakes in the company. Nisa Investment Advisors LLC increased its position in shares of Wingstop by 100.1% during the first quarter. Nisa Investment Advisors LLC now owns 9,125 shares of the restaurateur valued at $1,071,000 after buying an additional 4,565 shares in the last quarter. AlphaCrest Capital Management LLC increased its position in shares of Wingstop by 57.0% during the fourth quarter. AlphaCrest Capital Management LLC now owns 2,775 shares of the restaurateur valued at $480,000 after buying 1,008 additional shares in the last quarter. Mutual of America Capital Management LLC increased its position in Wingstop by 2.0% in the first quarter. Mutual of America Capital Management LLC now owns 27,201 shares of the restaurateur worth $3,192,000 after buying 526 additional shares in the last quarter. Advisor Group Holdings Inc. increased its position in Wingstop by 19.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 7,466 shares of the restaurateur worth $1,291,000 after buying 1,232 additional shares in the last quarter. Finally, CNA Financial Corp increased its position in Wingstop by 4.8% in the fourth quarter. CNA Financial Corp now owns 8,650 shares of the restaurateur worth $1,495,000 after buying 400 more shares in the last quarter.
Analysts set new price targets
Several equity research analysts have recently weighed in on WING stocks. Stifel Nicolaus cut Wingstop shares from a “buy” rating to a “hold” rating and set a price target of $120.00 for the stock. in a research report on Friday, July 29. Robert W. Baird raised his price target on shares of Wingstop from $120.00 to $150.00 in a Friday, July 29 research report. BMO Capital Markets cut its price target on shares of Wingstop from $180.00 to $140.00 in a Thursday, May 5 research report. Truist Financial lowered its price target on shares of Wingstop from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, July 1. Finally, Deutsche Bank Aktiengesellschaft raised its price target on shares of Wingstop from $83.00 to $117.00 in a Friday, July 29 research note. One analyst has assigned the stock a sell rating, seven have assigned a hold rating and eleven have assigned the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $138.35.
Wingstop Price Performance
WING stock opened at $133.15 on Tuesday. The company has a 50-day moving average price of $91.56 and a 200-day moving average price of $107.82. The company has a market capitalization of $3.98 billion, a P/E ratio of 99.37, a PEG ratio of 7.78 and a beta of 1.69. Wingstop Inc. has a 1-year low of $67.67 and a 1-year high of $187.35.
Wingstop (NASDAQ:WING – Get Rating) last released its quarterly earnings data on Thursday, July 28. The restaurateur reported earnings per share of $0.45 for the quarter, beating the consensus estimate of $0.36 by $0.09. The company posted revenue of $83.78 million in the quarter, versus a consensus estimate of $86.11 million. Wingstop had a negative return on equity of 10.82% and a net margin of 13.49%. The company’s quarterly revenue increased 13.2% year over year. During the same period a year earlier, the company posted earnings per share of $0.38. On average, analysts expect Wingstop Inc. to post 1.57 earnings per share for the current fiscal year.
Wingstop raises dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 2. Shareholders of record on Friday August 12 will receive a dividend of $0.19. The ex-dividend date is Thursday, August 11. This is an increase from Wingstop’s previous quarterly dividend of $0.17. This represents a dividend of $0.76 on an annualized basis and a yield of 0.57%. Wingstop’s payout ratio is currently 50.75%.
Wing stop profile
(Get a rating)
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings and tenders cooked to order, and prepared by hand in various flavors. As of December 25, 2021, the company had 1,695 franchise restaurants and 36 company-owned restaurants in 44 states and 7 countries around the world.
Get news and reviews for Wingstop Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Wingstop and related companies with MarketBeat.com’s FREE daily newsletter.