Comerica Bank Grows Position in Wingstop Inc. (NASDAQ:WING)

Comerica Bank raised its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,471 shares of the restaurant operator's stock after buying an additional 1,081 shares during the quarter. Comerica Bank owned about 0.23% of Wingstop worth $18,891,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC raised its stake in Wingstop by 7.8% in the 3rd quarter. Tidal Investments LLC now owns 758 shares of the restaurant operator's stock valued at $315,000 after acquiring an additional 55 shares during the period. Franklin Resources Inc. lifted its stake in shares of Wingstop by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator's stock valued at $326,020,000 after buying an additional 7,204 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Wingstop during the 4th quarter valued at approximately $259,000. Diversified Trust Co bought a new position in Wingstop in the 4th quarter worth approximately $427,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Wingstop by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,135 shares of the restaurant operator's stock valued at $1,459,000 after buying an additional 65 shares in the last quarter.

Wingstop Price Performance

WING traded up $10.44 during trading on Friday, hitting $270.11. 1,191,098 shares of the stock traded hands, compared to its average volume of 595,248. The firm has a 50-day moving average of $226.65 and a 200 day moving average of $279.26. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $433.86. The firm has a market capitalization of $7.54 billion, a P/E ratio of 72.81, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The company had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. During the same quarter in the previous year, the business earned $0.98 EPS. Wingstop's revenue was up 17.4% compared to the same quarter last year. As a group, equities analysts predict that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid 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 payout ratio is 18.09%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays reduced their price target on Wingstop from $315.00 to $260.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Stephens restated an "overweight" rating and issued a $385.00 price objective on shares of Wingstop in a research report on Wednesday. Northcoast Research cut shares of Wingstop from a "buy" rating to a "neutral" rating in a research note on Friday, February 21st. BTIG Research reiterated a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th. Finally, UBS Group reduced their target price on Wingstop from $300.00 to $255.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $320.05.

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.