New York State Common Retirement Fund Decreases Position in Wingstop Inc. (NASDAQ:WING)

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New York State Common Retirement Fund decreased its stake in Wingstop Inc. (NASDAQ:WINGGet Rating) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,863 shares of the restaurant operator’s stock after selling 254 shares during the period. New York State Common Retirement Fund owned approximately 0.41% of Wingstop worth $14,301,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Advisor Group Holdings Inc. lifted its stake in shares of Wingstop by 3.9% in the first quarter. Advisor Group Holdings Inc. now owns 7,755 shares of the restaurant operator’s stock worth $866,000 after acquiring an additional 289 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Wingstop by 1.3% in the first quarter. Stephens Investment Management Group LLC now owns 697,402 shares of the restaurant operator’s stock worth $81,840,000 after acquiring an additional 8,875 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Wingstop by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 46,613 shares of the restaurant operator’s stock worth $5,470,000 after acquiring an additional 3,293 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Wingstop by 2.0% in the first quarter. Mutual of America Capital Management LLC now owns 27,201 shares of the restaurant operator’s stock worth $3,192,000 after acquiring an additional 526 shares in the last quarter. Finally, Gladius Capital Management LP lifted its stake in shares of Wingstop by 20.2% in the first quarter. Gladius Capital Management LP now owns 1,254 shares of the restaurant operator’s stock worth $148,000 after acquiring an additional 211 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently commented on WING. Cowen boosted their price target on Wingstop from $100.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Citigroup upped their price objective on Wingstop from $118.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. BMO Capital Markets cut their price objective on Wingstop from $180.00 to $140.00 in a research note on Thursday, May 5th. Stifel Nicolaus cut Wingstop from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Friday, July 29th. Finally, BTIG Research increased their price target on Wingstop from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.82.

Wingstop Stock Performance

Shares of NASDAQ WING opened at $134.13 on Friday. The stock has a fifty day moving average price of $90.46 and a two-hundred day moving average price of $108.36. The firm has a market cap of $4.01 billion, a P/E ratio of 100.10, a PEG ratio of 7.54 and a beta of 1.69. Wingstop Inc. has a 1 year low of $67.67 and a 1 year high of $187.35.

Wingstop (NASDAQ:WINGGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $83.78 million during the quarter, compared to analyst estimates of $86.11 million. Wingstop had a negative return on equity of 10.82% and a net margin of 13.49%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. On average, research analysts predict that Wingstop Inc. will post 1.57 earnings per share for the current fiscal year.

Wingstop Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 12th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, August 11th. This is a positive change from Wingstop’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 0.57%. Wingstop’s dividend payout ratio (DPR) is currently 50.75%.

Wingstop Profile

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Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide.

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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