Wingstop Inc. (NASDAQ:WING) Shares Purchased by D L Carlson Investment Group Inc.

D L Carlson Investment Group Inc. raised its position in Wingstop Inc. (NASDAQ:WING) by 19.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,239 shares of the restaurant operator’s stock after acquiring an additional 6,027 shares during the quarter. Wingstop makes up approximately 1.5% of D L Carlson Investment Group Inc.’s portfolio, making the stock its 20th biggest position. D L Carlson Investment Group Inc. owned 0.12% of Wingstop worth $6,653,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Wingstop by 1.5% during the 1st quarter. BlackRock Inc. now owns 3,586,391 shares of the restaurant operator’s stock worth $420,864,000 after buying an additional 51,296 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Wingstop by 3.5% in the first quarter. Wellington Management Group LLP now owns 1,751,221 shares of the restaurant operator’s stock valued at $205,506,000 after acquiring an additional 59,529 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Wingstop by 1.0% in the first quarter. Federated Hermes Inc. now owns 982,248 shares of the restaurant operator’s stock valued at $180,321,000 after purchasing an additional 9,370 shares during the period. State Street Corp grew its stake in Wingstop by 2.9% during the 1st quarter. State Street Corp now owns 976,617 shares of the restaurant operator’s stock worth $179,287,000 after purchasing an additional 27,342 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Wingstop by 1,176.9% during the 4th quarter. Alliancebernstein L.P. now owns 899,336 shares of the restaurant operator’s stock worth $123,767,000 after purchasing an additional 828,904 shares during the period.

Wingstop Trading Down 0.2 %

Shares of Wingstop stock opened at $165.30 on Wednesday. The company has a 50-day moving average of $171.76 and a two-hundred day moving average of $183.63. Wingstop Inc. has a 12-month low of $113.20 and a 12-month high of $223.77. The stock has a market cap of $4.96 billion, a PE ratio of 78.71, a price-to-earnings-growth ratio of 3.73 and a beta of 1.53.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, August 2nd. The restaurant operator reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. Wingstop had a negative return on equity of 17.21% and a net margin of 15.19%. The company had revenue of $107.10 million for the quarter, compared to analyst estimates of $104.24 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. Wingstop’s revenue was up 27.8% compared to the same quarter last year. On average, sell-side analysts forecast that Wingstop Inc. will post 2.17 EPS for the current fiscal year.

Wingstop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were given a $0.22 dividend. The ex-dividend date was Thursday, August 17th. This is a positive change from Wingstop’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 0.53%. Wingstop’s dividend payout ratio is currently 41.90%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Benchmark upgraded Wingstop from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Thursday, August 3rd. Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $229.00 target price on the stock in a report on Tuesday, June 27th. Morgan Stanley raised their price target on Wingstop from $187.00 to $188.00 and gave the company an “equal weight” rating in a research note on Thursday, August 3rd. TheStreet cut Wingstop from a “b-” rating to a “c+” rating in a research report on Monday, July 31st. Finally, Wedbush dropped their price objective on Wingstop from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $193.45.

Wingstop Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. Wingstop Inc was founded in 1994 and is headquartered in Addison, Texas.