Wingstop Inc. $WING Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC grew its position in shares of Wingstop Inc. (NASDAQ:WING) by 127.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,321 shares of the restaurant operator’s stock after purchasing an additional 10,839 shares during the period. Motley Fool Asset Management LLC owned approximately 0.07% of Wingstop worth $4,608,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in Wingstop in the fourth quarter valued at $403,000. LPL Financial LLC raised its stake in Wingstop by 2.0% in the fourth quarter. LPL Financial LLC now owns 19,824 shares of the restaurant operator’s stock valued at $4,728,000 after buying an additional 396 shares in the last quarter. Fiera Capital Corp raised its stake in Wingstop by 32.6% in the fourth quarter. Fiera Capital Corp now owns 228,076 shares of the restaurant operator’s stock valued at $54,394,000 after buying an additional 56,109 shares in the last quarter. Palladiem LLC acquired a new stake in Wingstop in the fourth quarter valued at $152,000. Finally, Clearbridge Investments LLC raised its stake in Wingstop by 17.1% in the fourth quarter. Clearbridge Investments LLC now owns 553,686 shares of the restaurant operator’s stock valued at $132,049,000 after buying an additional 80,894 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WING. Raymond James Financial upgraded Wingstop from an “outperform” rating to a “strong-buy” rating and cut their price target for the company from $325.00 to $240.00 in a research note on Thursday, April 2nd. DA Davidson reaffirmed a “buy” rating and set a $250.00 price objective on shares of Wingstop in a report on Monday, April 20th. Wall Street Zen raised Wingstop from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Barclays dropped their price objective on Wingstop from $330.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Mizuho set a $280.00 price target on Wingstop in a report on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Wingstop has a consensus rating of “Moderate Buy” and a consensus price target of $274.82.

Wingstop Stock Performance

WING stock opened at $145.59 on Thursday. The stock has a market capitalization of $3.96 billion, a P/E ratio of 36.22, a PEG ratio of 1.60 and a beta of 1.82. Wingstop Inc. has a one year low of $116.35 and a one year high of $388.14. The company has a 50 day moving average price of $156.32 and a two-hundred day moving average price of $213.93.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $183.73 million during the quarter, compared to analysts’ expectations of $187.82 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. Research analysts forecast that Wingstop Inc. will post 4.59 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 15th. This represents a $1.20 annualized dividend and a yield of 0.8%. Wingstop’s dividend payout ratio is 29.85%.

Wingstop 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.