20,737 Shares in Wingstop Inc. $WING Bought by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 20,737 Wingstop shares worth approximately $3.6 million, representing 0.08% of the company.
• Wingstop beat quarterly earnings expectations with EPS of $1.18 versus $1.02 estimated, while revenue rose 6.5% year over year to $185.56 million but fell short of estimates.
• The stock opened at $115.43, near its 52-week low, amid mixed analyst actions; the consensus rating remains “Moderate Buy” with a $241.81 price target. Wingstop also raised its quarterly dividend to $0.33 per share.

B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,737 shares of the restaurant operator's stock, valued at approximately $3,596,000. B. Metzler seel. Sohn & Co. AG owned 0.08% of Wingstop as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted 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. grew its holdings in shares of Wingstop by 197.9% during the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator's stock valued at $34,000 after buying an additional 95 shares in the last quarter. GW&K Investment Management LLC raised its position in Wingstop by 75.7% during the fourth quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator's stock valued at $45,000 after buying an additional 81 shares during the period. Harbor Investment Advisory LLC acquired a new position in Wingstop during the second quarter valued at $46,000. Finally, Geneos Wealth Management Inc. lifted its stake in Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator's stock worth $49,000 after acquiring an additional 119 shares in the last quarter.

Wingstop Stock Performance

Wingstop stock opened at $115.43 on Friday. The business's fifty day moving average is $142.78 and its two-hundred day moving average is $172.02. The firm has a market cap of $3.14 billion, a P/E ratio of 27.42, a P/E/G ratio of 1.35 and a beta of 1.81. Wingstop Inc. has a 52 week low of $110.44 and a 52 week high of $342.10.

Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results on Wednesday, July 29th. The restaurant operator reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 16.15% and a negative return on equity of 16.31%. The firm had revenue of $185.56 million during the quarter, compared to the consensus estimate of $190.25 million. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The business's quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Wingstop Inc. will post 4.5 earnings per share for the current year.

Wingstop Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 5th. Stockholders of record on Saturday, August 15th will be issued a dividend of $0.33 per share. This is an increase from Wingstop's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.1%. Wingstop's payout ratio is presently 31.35%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WING shares. Wells Fargo & Company cut their target price on Wingstop from $170.00 to $165.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Morgan Stanley lowered their target price on Wingstop from $255.00 to $238.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. TD Cowen reaffirmed a "hold" rating on shares of Wingstop in a research report on Wednesday, July 29th. Stephens reiterated an "overweight" rating and set a $200.00 price target on shares of Wingstop in a report on Thursday, July 30th. Finally, Sanford C. Bernstein downgraded shares of Wingstop from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $220.00 to $155.00 in a research note on Monday, August 3rd. One investment analyst has 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 MarketBeat.com, Wingstop has a consensus rating of "Moderate Buy" and a consensus price target of $241.81.

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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