Wingstop Inc. $WING Holdings Lowered by Fiera Capital Corp

Fiera Capital Corp cut its stake in Wingstop Inc. (NASDAQ:WING) by 25.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,086 shares of the restaurant operator’s stock after selling 58,973 shares during the period. Fiera Capital Corp owned approximately 0.63% of Wingstop worth $59,295,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC lifted its position in Wingstop by 106.9% in the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 77 shares during the period. Quaker Wealth Management LLC lifted its holdings in shares of Wingstop by 134.2% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 408 shares during the period. Ameriflex Group Inc. bought a new position in Wingstop during the second quarter valued at about $43,000. Hantz Financial Services Inc. boosted its stake in Wingstop by 4,200.0% during the second quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 126 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Wingstop by 121.4% in the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after acquiring an additional 119 shares in the last quarter.

Wingstop Stock Performance

Wingstop stock opened at $241.26 on Thursday. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $388.14. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 39.29, a P/E/G ratio of 3.29 and a beta of 1.73. The company has a 50 day moving average price of $254.97 and a 200 day moving average price of $301.57.

Wingstop (NASDAQ:WING) last released its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.18. The company had revenue of $175.74 million during 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%.The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 earnings per share. Equities analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm 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. 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 currently 19.54%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WING. Mizuho upgraded shares of Wingstop to a “strong-buy” rating in a research report on Tuesday, October 28th. BMO Capital Markets reduced their target price on shares of Wingstop from $345.00 to $280.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. BTIG Research dropped their price target on Wingstop from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Bank of America cut their price objective on Wingstop from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, July 18th. Finally, Stephens reissued an “overweight” rating and set a $375.00 price objective on shares of Wingstop in a research note on Tuesday, November 4th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $335.96.

Wingstop Company 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.