Alyeska Investment Group L.P. Makes New Investment in Wingstop Inc. (NASDAQ:WING)

Alyeska Investment Group L.P. acquired a new stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 534,138 shares of the restaurant operator's stock, valued at approximately $151,802,000. Alyeska Investment Group L.P. owned 1.83% of Wingstop at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. lifted its position in Wingstop by 1.9% in the 4th quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator's stock valued at $342,763,000 after acquiring an additional 22,552 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Wingstop by 29.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator's stock valued at $326,893,000 after acquiring an additional 262,229 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Wingstop by 0.9% in the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator's stock worth $326,020,000 after buying an additional 7,204 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Wingstop by 23.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator's stock valued at $227,852,000 after purchasing an additional 154,055 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Wingstop by 21.4% during the fourth quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator's stock valued at $163,131,000 after purchasing an additional 101,247 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WING shares. Wells Fargo & Company raised their price target on Wingstop from $270.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley cut their price target on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus cut their price target on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. Robert W. Baird cut their price target on shares of Wingstop from $375.00 to $350.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Finally, Truist Financial lifted their price objective on shares of Wingstop from $242.00 to $274.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $320.05.

Wingstop Stock Performance

NASDAQ WING traded down $2.37 during trading on Tuesday, reaching $266.85. The company's stock had a trading volume of 782,174 shares, compared to its average volume of 597,312. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 71.93, a P/E/G ratio of 2.27 and a beta of 1.80. The business's fifty day moving average price is $228.25 and its 200-day moving average price is $278.47.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. The firm had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. Wingstop's quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. As a group, sell-side analysts forecast that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Friday, May 16th. Wingstop's dividend payout ratio (DPR) is currently 18.09%.

Wingstop Company Profile

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.