Wingstop Inc. $WING Shares Sold by KBC Group NV

KBC Group NV cut its stake in Wingstop Inc. (NASDAQ:WING) by 44.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 757 shares of the restaurant operator’s stock after selling 599 shares during the quarter. KBC Group NV’s holdings in Wingstop were worth $255,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. purchased a new position in shares of Wingstop in the first quarter valued at approximately $212,672,000. Price T Rowe Associates Inc. MD raised its stake in Wingstop by 43.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator’s stock valued at $371,517,000 after purchasing an additional 496,717 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in Wingstop by 130.7% in the 1st quarter. Champlain Investment Partners LLC now owns 631,989 shares of the restaurant operator’s stock valued at $142,564,000 after purchasing an additional 358,044 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Wingstop by 64.4% in the 1st quarter. AQR Capital Management LLC now owns 550,879 shares of the restaurant operator’s stock valued at $123,295,000 after purchasing an additional 215,816 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Wingstop during the 1st quarter worth $36,393,000.

Wingstop Stock Performance

WING stock opened at $231.10 on Wednesday. Wingstop Inc. has a one year low of $204.00 and a one year high of $388.14. The firm has a market cap of $6.42 billion, a PE ratio of 37.64, a PEG ratio of 3.12 and a beta of 1.73. The firm’s 50 day moving average price is $249.28 and its 200-day moving average price is $301.42.

Wingstop (NASDAQ:WING) last posted its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.18. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.The company had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. During the same quarter last year, the firm earned $0.88 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts predict that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, November 21st. Wingstop’s payout ratio is 19.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WING shares. Stifel Nicolaus decreased their price target on shares of Wingstop from $375.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. The Goldman Sachs Group cut their price objective on shares of Wingstop from $370.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Guggenheim boosted their target price on Wingstop from $325.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Barclays dropped their price target on Wingstop from $330.00 to $295.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, Mizuho upgraded Wingstop to a “strong-buy” rating in a research report on Tuesday, October 28th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Wingstop has an average rating of “Moderate Buy” and an average price target of $335.96.

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.