Mizuho Markets Cayman LP Purchases Shares of 35,950 Wingstop Inc. $WING

Mizuho Markets Cayman LP purchased a new stake in Wingstop Inc. (NASDAQ:WING) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 35,950 shares of the restaurant operator’s stock, valued at approximately $8,574,000.

A number of other hedge funds also recently bought and sold shares of the stock. Cornerstone Planning Group LLC increased its holdings in shares of Wingstop by 1,650.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Wingstop by 76.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 60 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of Wingstop by 197.9% in the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 95 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in shares of Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 50 shares during the last quarter. Finally, Pinnacle Holdings LLC purchased a new position in shares of Wingstop in the 3rd quarter valued at about $47,000.

Insider Buying and Selling

In related news, Director Wesley S. Mcdonald sold 566 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $250.00, for a total transaction of $141,500.00. Following the transaction, the director owned 4,375 shares in the company, valued at $1,093,750. This trade represents a 11.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kilandigalu Madati sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total value of $703,971.00. Following the transaction, the director owned 2,583 shares in the company, valued at $673,465.59. This represents a 51.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WING shares. Guggenheim dropped their price objective on Wingstop from $255.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Piper Sandler upgraded Wingstop from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $283.00 to $190.00 in a report on Thursday, April 2nd. DA Davidson reiterated a “buy” rating and issued a $250.00 price objective on shares of Wingstop in a report on Monday, April 20th. Barclays dropped their price objective on Wingstop from $330.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, BTIG Research dropped their price objective on Wingstop from $400.00 to $305.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.21.

Wingstop Stock Up 5.8%

NASDAQ:WING opened at $140.41 on Friday. The stock’s 50 day moving average price is $164.84 and its 200 day moving average price is $222.03. The company has a market capitalization of $3.82 billion, a PE ratio of 34.93, a P/E/G ratio of 1.48 and a beta of 1.86. Wingstop Inc. has a 52-week low of $116.35 and a 52-week high of $388.14.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $183.73 million for the quarter, compared to the consensus estimate of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. As a group, sell-side analysts anticipate that Wingstop Inc. will post 4.59 EPS for the current fiscal year.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, May 15th. Wingstop’s dividend payout ratio (DPR) is currently 29.85%.

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.