Y Intercept Hong Kong Ltd Makes New Investment in Wingstop Inc. $WING

Y Intercept Hong Kong Ltd bought a new position in Wingstop Inc. (NASDAQ:WING) during the first quarter, Holdings Channel reports. The institutional investor bought 65,856 shares of the restaurant operator’s stock, valued at approximately $10,206,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WING. SBI Securities Co. Ltd. grew its holdings in shares of Wingstop by 76.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 60 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Wingstop by 197.9% in the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 95 shares during the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Wingstop by 75.7% in the 4th quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 81 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Wingstop by 121.4% during 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 period. Finally, Mcguire Capital Advisors Inc. acquired a new position in Wingstop during the 4th quarter valued at approximately $63,000.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WING. Bank of America lowered their price objective on Wingstop from $264.00 to $234.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Royal Bank Of Canada cut their target price on Wingstop from $250.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Stifel Nicolaus reduced their price target on shares of Wingstop from $325.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Morgan Stanley restated an “overweight” rating and set a $255.00 price target on shares of Wingstop in a research report on Thursday, April 30th. Finally, Barclays dropped their price objective on shares of Wingstop from $330.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.89.

Wingstop Price Performance

Shares of Wingstop stock opened at $177.99 on Friday. Wingstop Inc. has a 1-year low of $116.35 and a 1-year high of $381.45. The business’s fifty day moving average price is $152.24 and its two-hundred day moving average price is $203.55. The company has a market capitalization of $4.85 billion, a P/E ratio of 44.28, a PEG ratio of 2.10 and a beta of 1.79.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping 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 company had revenue of $183.72 million during the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter in the prior year, the business posted $0.99 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts expect that Wingstop Inc. will post 4.57 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.20 annualized dividend and a yield of 0.7%. Wingstop’s dividend payout ratio (DPR) is presently 29.85%.

About Wingstop

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.