Wingstop Inc. $WING Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its position in shares of Wingstop Inc. (NASDAQ:WING) by 422.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,725 shares of the restaurant operator’s stock after buying an additional 7,055 shares during the period. Fifth Third Bancorp’s holdings in Wingstop were worth $1,352,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its position in Wingstop by 76.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 60 shares during the period. Rakuten Securities Inc. lifted its holdings in Wingstop by 197.9% during the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 95 shares in the last quarter. GW&K Investment Management LLC grew its position in shares of Wingstop by 75.7% in the fourth quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 81 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after buying an additional 119 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Wingstop during the fourth quarter valued at approximately $63,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WING. Wall Street Zen raised shares of Wingstop from a “sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Piper Sandler upgraded shares of Wingstop from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $283.00 to $190.00 in a report on Thursday, April 2nd. Guggenheim decreased their target price on shares of Wingstop from $255.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Stephens set a $200.00 target price on Wingstop in a report on Tuesday. Finally, Bank of America dropped their price target on Wingstop from $264.00 to $234.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $255.81.

Wingstop News Summary

Here are the key news stories impacting Wingstop this week:

• Positive Sentiment: Wingstop launched “Wingstop Wing Week,” expanding National Wing Day into a five-day event with free wings, Club Wingstop rewards, and live music giveaways, which could help boost customer traffic and brand engagement. Wingstop Expands Wing Day into Wing Week, Kicking Off a Broader $1 Million in Fan Experiences and Giveaways
• Positive Sentiment: Multiple reports highlighted Wingstop’s National Wing Day promotion expansion, reinforcing that the company is using limited-time offers and giveaways to drive consumer interest. Wingstop is turning National Wing Day into a full week with free wings and daily prize giveaways
• Neutral Sentiment: Brokerage coverage remained constructive overall, with a consensus “Moderate Buy” rating still in place, suggesting analysts remain generally optimistic about the stock’s outlook. Wingstop Inc. (NASDAQ:WING) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Mizuho lowered its price target on Wingstop to $240 from $280, but kept an “outperform” rating, indicating confidence remains intact despite a reduced valuation target. The Fly
• Neutral Sentiment: DA Davidson also cut its price target to $200 from $230 while maintaining a “buy” rating, which may reflect near-term caution but not a change in the firm’s positive view. Benzinga
• Neutral Sentiment: Wingstop announced a restaurant opening in Craigavon, supporting its ongoing expansion strategy, though the article did not indicate a material financial impact. US chicken chain Wingstop in Craigavon restaurant opening

Wingstop Price Performance

Shares of NASDAQ:WING opened at $135.20 on Friday. The company’s fifty day moving average price is $151.74 and its 200 day moving average price is $192.82. Wingstop Inc. has a 12 month low of $116.35 and a 12 month high of $381.45. The firm has a market capitalization of $3.68 billion, a P/E ratio of 33.63, a P/E/G ratio of 1.61 and a beta of 1.79.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The business had revenue of $183.72 million during the quarter, compared to the consensus estimate of $187.82 million. During the same period in the prior year, the company earned $0.99 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Wingstop Inc. will post 4.56 EPS for the current year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.9%. Wingstop’s payout ratio is presently 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.