Centiva Capital LP raised its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 182.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,535 shares of the restaurant operator's stock after acquiring an additional 6,808 shares during the quarter. Centiva Capital LP's holdings in Wingstop were worth $2,994,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of WING. Tidal Investments LLC raised its position in Wingstop by 7.8% in the third quarter. Tidal Investments LLC now owns 758 shares of the restaurant operator's stock worth $315,000 after acquiring an additional 55 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Wingstop in the 4th quarter worth approximately $259,000. Diversified Trust Co bought a new position in Wingstop during the fourth quarter worth about $427,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Wingstop by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,135 shares of the restaurant operator's stock worth $1,459,000 after buying an additional 65 shares in the last quarter. Finally, Paragon Advisors LLC lifted its stake in shares of Wingstop by 19.7% during the fourth quarter. Paragon Advisors LLC now owns 3,986 shares of the restaurant operator's stock valued at $1,133,000 after acquiring an additional 656 shares during the period.
Wingstop Stock Performance
Shares of WING stock opened at $269.22 on Tuesday. The stock's 50-day simple moving average is $227.48 and its 200-day simple moving average is $278.55. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The firm has a market capitalization of $7.51 billion, a PE ratio of 72.57, a P/E/G ratio of 2.27 and a beta of 1.80.
Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. The business had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 EPS. Sell-side analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current year.
Wingstop Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Friday, May 16th. Wingstop's payout ratio is presently 18.09%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on WING shares. Raymond James reiterated an "outperform" rating and issued a $330.00 price target (down previously from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Benchmark decreased their price objective on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Northcoast Research lowered shares of Wingstop from a "buy" rating to a "neutral" rating in a research note on Friday, February 21st. TD Securities reissued a "buy" rating and set a $265.00 price target on shares of Wingstop in a research report on Wednesday, April 30th. Finally, BTIG Research reiterated a "buy" rating on shares of Wingstop in a report on Tuesday, March 25th. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $320.05.
Get Our Latest Stock Analysis on WING
Wingstop Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding WING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wingstop Inc. (NASDAQ:WING - Free Report).
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