F m Investments LLC Buys 272 Shares of Wingstop Inc. $WING

F m Investments LLC lifted its stake in shares of Wingstop Inc. (NASDAQ:WING) by 29.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,208 shares of the restaurant operator’s stock after purchasing an additional 272 shares during the quarter. F m Investments LLC’s holdings in Wingstop were worth $407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WING. Norges Bank acquired a new stake in Wingstop during the second quarter worth about $118,211,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Wingstop by 4.0% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 29,240 shares of the restaurant operator’s stock worth $9,846,000 after acquiring an additional 1,129 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Wingstop during the 2nd quarter worth approximately $377,000. Quadrant Capital Group LLC increased its stake in Wingstop by 78.2% in the second quarter. Quadrant Capital Group LLC now owns 2,524 shares of the restaurant operator’s stock valued at $850,000 after acquiring an additional 1,108 shares during the last quarter. Finally, RiverPark Advisors LLC raised its position in Wingstop by 41.7% during the second quarter. RiverPark Advisors LLC now owns 333 shares of the restaurant operator’s stock valued at $112,000 after purchasing an additional 98 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WING shares. BMO Capital Markets decreased their price target on Wingstop from $345.00 to $280.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Wednesday, November 5th. Barclays dropped their target price on shares of Wingstop from $330.00 to $295.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Mizuho raised shares of Wingstop to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Wingstop in a research note on Tuesday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have given 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 a consensus target price of $335.96.

Wingstop Price Performance

Shares of NASDAQ WING opened at $264.89 on Friday. The company has a 50 day simple moving average of $246.85 and a 200 day simple moving average of $299.83. The firm has a market cap of $7.36 billion, a PE ratio of 43.14, a price-to-earnings-growth ratio of 3.65 and a beta of 1.73. Wingstop Inc. has a 1 year low of $204.00 and a 1 year high of $388.14.

Wingstop (NASDAQ:WING) last posted its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 25.51% and a negative return on equity of 16.17%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. As a group, research analysts anticipate that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

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

Insider Transactions at Wingstop

In related news, Director Kilandigalu Madati sold 269 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total transaction of $69,931.93. Following the completion of the transaction, the director directly owned 5,283 shares of the company’s stock, valued at $1,373,421.51. This trade represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

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.