1,190 Shares in Wingstop Inc. $WING Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new position in shares of Wingstop Inc. (NASDAQ:WING) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,190 shares of the restaurant operator’s stock, valued at approximately $401,000.

A number of other institutional investors have also recently added to or reduced their stakes in WING. Principal Financial Group Inc. raised its position in Wingstop by 16.7% in the first quarter. Principal Financial Group Inc. now owns 79,225 shares of the restaurant operator’s stock valued at $17,872,000 after purchasing an additional 11,329 shares during the period. Envestnet Asset Management Inc. raised its position in Wingstop by 0.7% in the first quarter. Envestnet Asset Management Inc. now owns 74,770 shares of the restaurant operator’s stock valued at $16,867,000 after purchasing an additional 556 shares during the period. Financial Counselors Inc. purchased a new stake in Wingstop in the first quarter valued at $3,703,000. Cerity Partners LLC raised its position in Wingstop by 91.7% in the first quarter. Cerity Partners LLC now owns 8,946 shares of the restaurant operator’s stock valued at $2,018,000 after purchasing an additional 4,280 shares during the period. Finally, State of Michigan Retirement System raised its position in Wingstop by 1.5% in the first quarter. State of Michigan Retirement System now owns 6,972 shares of the restaurant operator’s stock valued at $1,573,000 after purchasing an additional 100 shares during the period.

Wingstop Price Performance

Shares of NASDAQ WING opened at $237.32 on Wednesday. The stock’s 50-day moving average is $265.40 and its two-hundred day moving average is $301.08. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $388.14. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 39.55, a price-to-earnings-growth ratio of 2.99 and a beta of 1.73.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.18. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.The company had revenue of $175.74 million for the quarter, compared to the consensus estimate of $189.10 million. During the same quarter in the prior year, the business earned $0.88 EPS. Wingstop’s revenue 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 fiscal year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 21st. This represents a $1.20 annualized dividend and a yield of 0.5%. Wingstop’s dividend payout ratio is 20.00%.

Analysts Set New Price Targets

WING has been the subject of a number of research reports. Truist Financial set a $400.00 price objective on Wingstop in a research note on Tuesday, October 14th. Westpark Capital raised Wingstop to a “strong-buy” rating in a research note on Wednesday, July 9th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $350.00 price objective (down from $420.00) on shares of Wingstop in a research note on Thursday, October 16th. Benchmark dropped their price objective on Wingstop from $410.00 to $340.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Finally, William Blair initiated coverage on Wingstop in a research note on Wednesday, July 9th. They issued an “outperform” rating for the company. Five analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $354.24.

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.