Moore Capital Management LP Acquires Shares of 10,000 Wingstop Inc. $WING

Moore Capital Management LP bought a new position in Wingstop Inc. (NASDAQ:WING - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the restaurant operator's stock, valued at approximately $1,734,000.

A number of other large investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. increased its holdings in shares of Wingstop by 76.9% in 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 in the last quarter. Allworth Financial LP bought a new position in Wingstop in the 2nd quarter valued at $34,000. GW&K Investment Management LLC boosted its position in Wingstop by 75.7% in the 4th 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 last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Wingstop in the 2nd quarter valued at $46,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator's stock valued at $49,000 after buying an additional 119 shares during the period.

Wingstop Trading Down 3.6%

NASDAQ:WING opened at $109.48 on Tuesday. Wingstop Inc. has a 1-year low of $105.43 and a 1-year high of $338.80. The business's 50-day moving average price is $137.11 and its two-hundred day moving average price is $164.64. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 1.35 and a beta of 1.81.

Wingstop (NASDAQ:WING - Get Free Report) last posted its earnings results 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. The company had revenue of $185.56 million during the quarter, compared to analyst estimates of $190.25 million. Wingstop had a negative return on equity of 16.31% and a net margin of 16.15%.The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 EPS. Sell-side analysts predict that Wingstop Inc. will post 4.5 earnings per share for the current year.

Wingstop Increases Dividend

The company also recently disclosed 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 is an increase from Wingstop's previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 14th. Wingstop's dividend payout ratio is presently 31.35%.

Analyst Ratings Changes

Several brokerages have recently issued reports on WING. TD Cowen reaffirmed a "hold" rating on shares of Wingstop in a research note on Wednesday, July 29th. Weiss Ratings cut Wingstop from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, August 17th. Stephens restated an "overweight" rating and set a $200.00 target price on shares of Wingstop in a research report on Thursday, July 30th. Benchmark lowered their price target on shares of Wingstop from $285.00 to $245.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, Bank of America lowered their price target on shares of Wingstop from $264.00 to $234.00 and set a "buy" rating for the company in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Wingstop has an average rating of "Moderate Buy" and an average price target of $241.81.

Wingstop Company Profile

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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