Wingstop Inc. $WING Holdings Raised by WCM Investment Management LLC

WCM Investment Management LLC lifted its position in shares of Wingstop Inc. (NASDAQ:WING) by 123.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,687 shares of the restaurant operator’s stock after acquiring an additional 56,833 shares during the period. WCM Investment Management LLC owned about 0.37% of Wingstop worth $25,861,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quaker Wealth Management LLC boosted its holdings in shares of Wingstop by 134.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 408 shares during the period. Ameriflex Group Inc. bought a new stake in Wingstop in the second quarter valued at $43,000. Hantz Financial Services Inc. grew its position in shares of Wingstop by 4,200.0% during the second quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 126 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 119 shares during the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Wingstop by 623.8% in the second quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 131 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stephens restated an “overweight” rating and issued a $375.00 target price on shares of Wingstop in a research report on Tuesday, November 4th. Mizuho cut their price objective on shares of Wingstop from $320.00 to $310.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Royal Bank Of Canada upped their price objective on shares of Wingstop from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. TD Cowen reissued a “buy” rating on shares of Wingstop in a research note on Thursday, January 15th. Finally, Barclays upped their price target on shares of Wingstop from $295.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $340.00.

Insider Buying and Selling

In other Wingstop news, Director Kilandigalu Madati sold 269 shares of Wingstop stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $259.97, for a total transaction of $69,931.93. Following the transaction, the director directly owned 5,283 shares in the company, valued at approximately $1,373,421.51. The trade was a 4.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Wingstop Stock Up 0.5%

Shares of NASDAQ WING opened at $266.66 on Tuesday. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $388.14. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 43.43, a PEG ratio of 3.33 and a beta of 1.80. The stock’s fifty day simple moving average is $260.25 and its 200 day simple moving average is $273.48.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, topping 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 firm had revenue of $175.74 million for the quarter, compared to analysts’ expectations of $189.10 million. During the same quarter last year, the business posted $0.88 EPS. Wingstop’s revenue was up 8.1% on a year-over-year basis. As a group, analysts anticipate that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Company 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.