Wingstop Inc. $WING Shares Acquired by Fiera Capital Corp

Fiera Capital Corp raised its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 32.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 228,076 shares of the restaurant operator’s stock after buying an additional 56,109 shares during the quarter. Fiera Capital Corp’s holdings in Wingstop were worth $54,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Lone Pine Capital LLC acquired a new stake in Wingstop during the 3rd quarter valued at approximately $375,317,000. Massachusetts Financial Services Co. MA lifted its stake 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 valued at $335,292,000 after acquiring an additional 456,861 shares during the period. Steadfast Capital Management LP lifted its stake in Wingstop by 296.2% during the 3rd 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. Artisan Partners Limited Partnership lifted its stake in Wingstop by 20.8% during the 3rd quarter. Artisan Partners Limited Partnership now owns 890,451 shares of the restaurant operator’s stock valued at $224,109,000 after acquiring an additional 153,082 shares during the period. Finally, Champlain Investment Partners LLC lifted its stake in Wingstop by 3.5% during the 3rd quarter. Champlain Investment Partners LLC now owns 767,208 shares of the restaurant operator’s stock valued at $193,091,000 after acquiring an additional 26,111 shares during the period.

Wingstop Price Performance

WING opened at $142.23 on Monday. The firm has a fifty day moving average price of $156.95 and a 200 day moving average price of $215.75. Wingstop Inc. has a 1 year low of $116.35 and a 1 year high of $388.14. The stock has a market cap of $3.87 billion, a P/E ratio of 35.38, a P/E/G ratio of 1.59 and a beta of 1.82.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The firm had revenue of $183.73 million during the quarter, compared to analysts’ expectations of $187.82 million. During the same period in the previous year, the business posted $0.99 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. Equities analysts expect that Wingstop Inc. will post 4.59 EPS for the current year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were given a $0.30 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.8%. Wingstop’s dividend payout ratio (DPR) is 29.85%.

Wall Street Analyst Weigh In

Several brokerages have commented on WING. Citigroup decreased their price objective on shares of Wingstop from $230.00 to $229.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Wells Fargo & Company decreased their price objective on shares of Wingstop from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Piper Sandler upgraded shares of Wingstop from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $283.00 to $190.00 in a research note on Thursday, April 2nd. Wall Street Zen upgraded shares of Wingstop from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Raymond James Financial upgraded shares of Wingstop from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the company from $325.00 to $240.00 in a research note on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.61.

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.