Edgestream Partners L.P. acquired a new position in shares of Wingstop Inc. (NASDAQ:WING – Free Report) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 19,210 shares of the restaurant operator’s stock, valued at approximately $2,977,000.
A number of other hedge funds have also recently bought and sold shares of WING. Steadfast Capital Management LP lifted its stake in shares of Wingstop by 296.2% during the third quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock valued at $239,227,000 after acquiring an additional 710,621 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Wingstop by 48.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,405,894 shares of the restaurant operator’s stock worth $335,292,000 after purchasing an additional 456,861 shares during the last quarter. Atreides Management LP bought a new stake in Wingstop during the 4th quarter worth about $93,012,000. Wasatch Advisors LP bought a new stake in Wingstop during the 2nd quarter worth about $114,758,000. Finally, Norges Bank acquired a new position in Wingstop during the 4th quarter valued at about $77,331,000.
Wingstop Price Performance
Wingstop stock opened at $129.49 on Friday. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 1.56 and a beta of 1.79. The company’s 50 day simple moving average is $152.11 and its 200 day simple moving average is $188.26. Wingstop Inc. has a fifty-two week low of $116.35 and a fifty-two week high of $381.45.
Wingstop Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 5th. Investors of record on Saturday, August 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. This is a boost from Wingstop’s previous quarterly dividend of $0.30. Wingstop’s dividend payout ratio (DPR) is 29.85%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on WING. Royal Bank Of Canada reduced their target price on shares of Wingstop from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday. Stephens restated an “overweight” rating and issued a $200.00 price objective on shares of Wingstop in a report on Thursday. TD Cowen reaffirmed a “hold” rating on shares of Wingstop in a research note on Wednesday. Citigroup lowered their target price on shares of Wingstop from $237.00 to $208.00 and set a “buy” rating for the company in a report on Thursday. Finally, Guggenheim dropped their target price on shares of Wingstop from $255.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $249.04.
Get Our Latest Research Report on Wingstop
Key Stories Impacting Wingstop
Here are the key news stories impacting Wingstop this week:
- Positive Sentiment: Wingstop’s second-quarter earnings topped expectations, with adjusted EPS of $1.18 versus the $1.02 consensus estimate. Revenue increased 6.5% year over year to $185.6 million, although it was below the $190.3 million forecast. Wingstop Inc. Q2 2026 Earnings Call Summary
- Positive Sentiment: Management reiterated its goal of 15% to 16% global unit growth, indicating continued confidence in the company’s long-term expansion strategy. Executives also said improved value messaging could help reignite customer traffic. Wingstop Believes Better Value Messaging Can Reignite Traffic
- Positive Sentiment: Wingstop increased its quarterly dividend 10% to $0.33 per share, providing an annualized yield of approximately 1.0% and signaling continued shareholder-return support.
- Positive Sentiment: Analysts maintained generally favorable ratings, including buy, outperform and overweight recommendations. Even after multiple target reductions, published targets remain substantially above the current trading level.
- Neutral Sentiment: National Chicken Wing Day promotions, including free-wing offers and a $1 million prize campaign, could increase brand visibility and short-term customer visits, but the effect on lasting sales and profitability is uncertain. National Chicken Wing Day freebies and deals
- Negative Sentiment: Domestic same-store sales declined for the fifth consecutive quarter. Wingstop now expects domestic same-store sales to fall 4% to 6% in 2026, a significant headwind to near-term revenue and earnings growth. Wingstop anticipates lower domestic same-store sales
- Negative Sentiment: Several firms lowered their price targets, reflecting reduced sales expectations despite retaining positive ratings. The combination of weakening comparable sales, a revenue miss and still-elevated valuation is likely driving investor caution.
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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