Landscape Capital Management L.L.C. Takes Position in Wingstop Inc. $WING

Landscape Capital Management L.L.C. bought a new position in Wingstop Inc. (NASDAQ:WING) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 17,039 shares of the restaurant operator’s stock, valued at approximately $2,955,000. Landscape Capital Management L.L.C. owned 0.06% of Wingstop as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of WING. SBI Securities Co. Ltd. raised its holdings in Wingstop by 76.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 60 shares during the period. Rakuten Securities Inc. boosted its stake in Wingstop by 197.9% during the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after buying an additional 95 shares during the period. Allworth Financial LP purchased a new position in Wingstop during the second quarter worth $34,000. GW&K Investment Management LLC boosted its stake in Wingstop by 75.7% during the fourth quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock worth $45,000 after buying an additional 81 shares during the period. Finally, Harbor Investment Advisory LLC bought a new position in Wingstop during the second quarter valued at $46,000.

Wingstop Trading Up 1.6%

NASDAQ:WING opened at $115.43 on Friday. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 1.35 and a beta of 1.81. Wingstop Inc. has a twelve month low of $110.44 and a twelve month high of $342.10. The stock has a fifty day simple moving average of $142.78 and a 200-day simple moving average of $172.02.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a net margin of 16.15% and a negative return on equity of 16.31%. The firm had revenue of $185.56 million for the quarter, compared to analysts’ expectations of $190.25 million. During the same period in the prior year, the business posted $1.00 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that Wingstop Inc. will post 4.5 EPS for the current fiscal year.

Wingstop Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 5th. Stockholders of record on Saturday, August 15th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Wingstop’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, August 14th. Wingstop’s dividend payout ratio is 31.35%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WING. Weiss Ratings downgraded shares of Wingstop from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. The Goldman Sachs Group cut shares of Wingstop from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $290.00 to $190.00 in a research note on Thursday, April 30th. BTIG Research cut their price target on shares of Wingstop from $305.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. DA Davidson reduced their price objective on shares of Wingstop from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada decreased their price objective on shares of Wingstop from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $241.81.

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.