Landscape Capital Management L.L.C. Makes New $2.96 Million Investment in Wingstop Inc. $WING

Landscape Capital Management L.L.C. bought a new position in Wingstop Inc. (NASDAQ:WING) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 17,039 shares of the restaurant operator’s stock, valued at approximately $2,955,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in WING. Allworth Financial LP bought a new stake in shares of Wingstop in the second quarter valued at about $34,000. B. Metzler seel. Sohn & Co. AG bought a new position in Wingstop during the 2nd quarter worth about $3,596,000. Ceredex Value Advisors LLC bought a new position in Wingstop during the 2nd quarter worth about $12,507,000. Tocqueville Asset Management L.P. purchased a new position in Wingstop during the 2nd quarter valued at about $217,000. Finally, BlackRock Inc. purchased a new position in Wingstop during the 2nd quarter valued at about $481,314,000.

Wingstop Price Performance

WING opened at $115.43 on Friday. The firm has a market capitalization of $3.14 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.35 and a beta of 1.81. The business’s 50-day moving average is $142.78 and its two-hundred day moving average is $172.02. Wingstop Inc. has a 1 year low of $110.44 and a 1 year high of $342.10.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 16.15% and a negative return on equity of 16.31%. The business had revenue of $185.56 million during the quarter, compared to analyst estimates of $190.25 million. During the same period in the prior year, the firm posted $1.00 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts expect that Wingstop Inc. will post 4.5 EPS for the current year.

Wingstop Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 5th. Investors of record on Saturday, August 15th will be paid a dividend of $0.33 per share. This is a boost from Wingstop’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, August 14th. This represents a $1.32 annualized dividend and a dividend yield of 1.1%. Wingstop’s dividend payout ratio (DPR) is presently 31.35%.

Analysts Set New Price Targets

WING has been the subject of several recent research reports. Sanford C. Bernstein lowered shares of Wingstop from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $220.00 to $155.00 in a report on Monday, August 3rd. Citigroup dropped their price objective on shares of Wingstop from $237.00 to $208.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Stephens reissued an “overweight” rating and set a $200.00 price objective on shares of Wingstop in a report on Thursday, July 30th. UBS Group reissued a “neutral” rating on shares of Wingstop in a research note on Tuesday, July 14th. Finally, Benchmark lowered their target price on Wingstop from $285.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $241.81.

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.