Wingstop Inc. $WING Shares Purchased by Amundi

Amundi raised its holdings in Wingstop Inc. (NASDAQ:WING) by 289.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,595 shares of the restaurant operator’s stock after purchasing an additional 13,817 shares during the quarter. Amundi owned 0.07% of Wingstop worth $4,514,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in Wingstop by 43.2% in the first 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. American Century Companies Inc. boosted its holdings in Wingstop by 4.7% in the first quarter. American Century Companies Inc. now owns 1,262,597 shares of the restaurant operator’s stock valued at $284,817,000 after purchasing an additional 56,535 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in Wingstop in the first quarter valued at $212,672,000. Alyeska Investment Group L.P. boosted its holdings in Wingstop by 29.8% in the first quarter. Alyeska Investment Group L.P. now owns 693,115 shares of the restaurant operator’s stock valued at $156,353,000 after purchasing an additional 158,977 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in Wingstop by 130.7% in the first 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 during the last quarter.

Insider Transactions at Wingstop

In other news, CFO Alex Kaleida sold 5,400 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $376.09, for a total transaction of $2,030,886.00. Following the completion of the sale, the chief financial officer owned 8,362 shares in the company, valued at $3,144,864.58. This trade represents a 39.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marisa Carona sold 11,938 shares of Wingstop stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $370.34, for a total transaction of $4,421,118.92. The disclosure for this sale can be found here. Insiders sold 21,838 shares of company stock worth $8,118,535 in the last 90 days. Insiders own 0.72% of the company’s stock.

Wingstop Trading Down 2.4%

Shares of Wingstop stock opened at $280.65 on Thursday. The firm has a market capitalization of $7.84 billion, a PE ratio of 46.78, a P/E/G ratio of 3.60 and a beta of 1.87. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The firm’s 50-day moving average price is $325.51 and its 200 day moving average price is $292.60.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. Wingstop had a net margin of 25.61% and a negative return on equity of 17.07%. The firm had revenue of $174.33 million for the quarter, compared to analyst estimates of $172.60 million. During the same period last year, the company posted $0.93 EPS. Wingstop’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts predict that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Wingstop’s previous quarterly dividend of $0.27. Wingstop’s payout ratio is 20.00%.

Analyst Ratings Changes

Several research firms have commented on WING. Robert W. Baird upped their price target on shares of Wingstop from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, May 23rd. Wells Fargo & Company raised their target price on Wingstop from $375.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Piper Sandler started coverage on Wingstop in a research report on Wednesday, July 9th. They set an “overweight” rating on the stock. Stifel Nicolaus dropped their target price on Wingstop from $405.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, William Blair started coverage on Wingstop in a research report on Wednesday, July 9th. They set an “outperform” rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Wingstop has a consensus rating of “Moderate Buy” and an average price target of $380.52.

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.