267 Shares in Wingstop Inc. $WING Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Wingstop Inc. (NASDAQ:WING) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 267 shares of the restaurant operator’s stock, valued at approximately $90,000.

Several other institutional investors also recently bought and sold shares of WING. T. Rowe Price Investment Management Inc. purchased a new position in Wingstop during the 1st quarter worth $212,672,000. Price T Rowe Associates Inc. MD increased its holdings in Wingstop by 43.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator’s stock worth $371,517,000 after purchasing an additional 496,717 shares during the period. Champlain Investment Partners LLC increased its holdings in Wingstop by 130.7% during the 1st quarter. Champlain Investment Partners LLC now owns 631,989 shares of the restaurant operator’s stock worth $142,564,000 after purchasing an additional 358,044 shares during the period. AQR Capital Management LLC increased its holdings in Wingstop by 64.4% during the 1st quarter. AQR Capital Management LLC now owns 550,879 shares of the restaurant operator’s stock worth $123,295,000 after purchasing an additional 215,816 shares during the period. Finally, Stephens Investment Management Group LLC increased its holdings in Wingstop by 66.3% during the 1st quarter. Stephens Investment Management Group LLC now owns 446,601 shares of the restaurant operator’s stock worth $100,744,000 after purchasing an additional 178,041 shares during the period.

Wingstop Stock Performance

Wingstop stock opened at $252.84 on Thursday. The stock has a 50-day moving average of $263.67 and a two-hundred day moving average of $300.74. Wingstop Inc. has a one year low of $204.00 and a one year high of $388.14. The stock has a market cap of $7.06 billion, a PE ratio of 41.18, a price-to-earnings-growth ratio of 3.32 and a beta of 1.73.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the business posted $0.88 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a $0.30 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. Wingstop’s dividend payout ratio (DPR) is 19.54%.

Analysts Set New Price Targets

Several research firms have commented on WING. Raymond James Financial restated a “strong-buy” rating and set a $350.00 price objective (down from $420.00) on shares of Wingstop in a report on Thursday, October 16th. Piper Sandler started coverage on Wingstop in a report on Wednesday, July 9th. They issued an “overweight” rating on the stock. BMO Capital Markets cut their price target on Wingstop from $345.00 to $280.00 and set a “market perform” rating on the stock in a report on Wednesday. Stephens reiterated an “overweight” rating and issued a $375.00 price target on shares of Wingstop in a report on Tuesday. Finally, Wells Fargo & Company cut their price target on Wingstop from $365.00 to $330.00 and set an “overweight” rating on the stock in a report on Wednesday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $335.96.

About Wingstop

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.