10,141 Shares in Wingstop Inc. $WING Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group acquired 10,141 Wingstop shares during the second quarter, valued at approximately $1.76 million. Several other institutional investors also initiated positions, including Bamco and Bank of America.
• Analysts maintain a generally positive outlook, with Wingstop receiving a consensus “Moderate Buy” rating and an average price target of $241.81, although several firms recently reduced their targets.
• Wingstop beat quarterly EPS expectations, reporting $1.18 versus the $1.02 consensus estimate, while revenue rose 6.5% year over year. The company also increased its quarterly dividend to $0.33 per share.

Jefferies Financial Group Inc. acquired a new position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,141 shares of the restaurant operator's stock, valued at approximately $1,759,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WING. Public Employees Retirement System of Ohio bought a new position in shares of Wingstop during the 2nd quarter worth $1,360,000. Capstone Investment Advisors LLC bought a new stake in shares of Wingstop in the second quarter valued at about $645,000. Corient Private Wealth LP bought a new stake in shares of Wingstop in the second quarter valued at about $338,000. Bamco Inc. NY purchased a new stake in Wingstop in the second quarter worth about $74,595,000. Finally, Bank of America Corp DE bought a new position in Wingstop during the 2nd quarter worth about $36,659,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WING shares. TD Cowen restated a "hold" rating on shares of Wingstop in a report on Wednesday, July 29th. Wells Fargo & Company lowered their target price on Wingstop from $170.00 to $165.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Wall Street Zen upgraded Wingstop from a "sell" rating to a "hold" rating in a report on Tuesday, July 14th. Mizuho decreased their price target on shares of Wingstop from $280.00 to $240.00 and set an "outperform" rating for the company in a research report on Friday, July 24th. Finally, BTIG Research reduced their price objective on shares of Wingstop from $305.00 to $265.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $241.81.

Wingstop Price Performance

Shares of WING stock opened at $113.58 on Friday. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.35 and a beta of 1.81. The business has a fifty day moving average of $138.06 and a 200 day moving average of $166.51. Wingstop Inc. has a 1 year low of $105.43 and a 1 year high of $338.80.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings data on Wednesday, July 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 16.31% and a net margin of 16.15%.The firm had revenue of $185.56 million during the quarter, compared to analysts' expectations of $190.25 million. During the same period last year, the business posted $1.00 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Wingstop Inc. will post 4.5 earnings per share for the current year.

Wingstop Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 5th. Investors of record on Saturday, August 15th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.2%. This is a boost from Wingstop's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, August 14th. Wingstop's dividend payout ratio is 31.35%.

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.

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