Wingstop Inc. $WING Holdings Trimmed by Whittier Trust Co.

Whittier Trust Co. reduced its position in shares of Wingstop Inc. (NASDAQ:WING) by 96.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,000 shares of the restaurant operator’s stock after selling 23,860 shares during the quarter. Whittier Trust Co.’s holdings in Wingstop were worth $171,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WING. Vident Advisory LLC boosted its position in shares of Wingstop by 3.9% in the fourth quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock worth $229,000 after buying an additional 36 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Wingstop by 1.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock valued at $627,000 after buying an additional 45 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Wingstop by 1.1% during the first quarter. Oregon Public Employees Retirement Fund now owns 5,672 shares of the restaurant operator’s stock valued at $879,000 after buying an additional 59 shares during the period. SBI Securities Co. Ltd. lifted its stake in Wingstop by 76.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 60 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Wingstop by 1.5% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,784 shares of the restaurant operator’s stock worth $1,141,000 after acquiring an additional 70 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Cowen reaffirmed a “hold” rating on shares of Wingstop in a research note on Wednesday, July 29th. Sanford C. Bernstein cut shares of Wingstop from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $220.00 to $155.00 in a report on Monday, August 3rd. Barclays lowered their price objective on shares of Wingstop from $330.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group lowered shares of Wingstop from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $290.00 to $190.00 in a research note on Thursday, April 30th. Finally, Wells Fargo & Company cut their target price on shares of Wingstop from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $241.81.

Wingstop Price Performance

Shares of WING stock opened at $113.90 on Friday. Wingstop Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $345.81. The stock’s 50-day moving average is $146.48 and its two-hundred day moving average is $177.83. The firm has a market cap of $3.10 billion, a P/E ratio of 27.05, a PEG ratio of 1.33 and a beta of 1.81.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. The business 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 firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 EPS. As a group, research analysts expect that Wingstop Inc. will post 4.5 EPS for the current year.

Wingstop Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 5th. Shareholders of record on Saturday, August 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.2%. This is a boost from Wingstop’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, August 14th. Wingstop’s dividend payout ratio is presently 28.50%.

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.