Wingstop Inc. $WING Shares Sold by Olympiad Research LP

Olympiad Research LP cut its stake in Wingstop Inc. (NASDAQ:WING) by 37.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 782 shares of the restaurant operator’s stock after selling 465 shares during the quarter. Olympiad Research LP’s holdings in Wingstop were worth $263,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in Wingstop by 43.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator’s stock valued at $371,517,000 after purchasing an additional 496,717 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Wingstop by 4.7% in the first quarter. American Century Companies Inc. now owns 1,262,597 shares of the restaurant operator’s stock worth $284,817,000 after buying an additional 56,535 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in Wingstop during the first quarter worth about $212,672,000. Alyeska Investment Group L.P. raised its holdings in Wingstop by 29.8% in the 1st quarter. Alyeska Investment Group L.P. now owns 693,115 shares of the restaurant operator’s stock valued at $156,353,000 after acquiring an additional 158,977 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in Wingstop by 130.7% in the 1st quarter. Champlain Investment Partners LLC now owns 631,989 shares of the restaurant operator’s stock worth $142,564,000 after purchasing an additional 358,044 shares in the last quarter.

Wall Street Analysts Forecast Growth

WING has been the subject of several analyst reports. Guggenheim upped their target price on Wingstop from $325.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Wingstop in a report on Thursday, October 30th. BTIG Research decreased their target price on shares of Wingstop from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Benchmark reduced their price target on shares of Wingstop from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus cut their target price on Wingstop from $375.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.96.

Wingstop Stock Down 2.6%

WING opened at $235.00 on Friday. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $388.14. The business has a fifty day simple moving average of $253.49 and a 200-day simple moving average of $301.11. The firm has a market cap of $6.53 billion, a P/E ratio of 38.27, a P/E/G ratio of 3.31 and a beta of 1.73.

Wingstop (NASDAQ:WING) last posted its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.18. The firm had revenue of $175.74 million for the quarter, compared to analyst estimates of $189.10 million. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.Wingstop’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. Sell-side analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. Wingstop’s dividend payout ratio is 19.54%.

Wingstop Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.