65,856 Shares in Wingstop Inc. $WING Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in Wingstop Inc. (NASDAQ:WING) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 65,856 shares of the restaurant operator’s stock, valued at approximately $10,206,000. Y Intercept Hong Kong Ltd owned 0.24% of Wingstop as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WING. SBI Securities Co. Ltd. increased its position in shares of Wingstop by 76.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 60 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of Wingstop by 197.9% in the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 95 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in Wingstop by 75.7% in the fourth quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 81 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Wingstop by 121.4% in the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 119 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. purchased a new position in Wingstop in the fourth quarter valued at about $63,000.

Wingstop Stock Up 1.7%

NASDAQ:WING opened at $177.99 on Friday. The business’s 50 day moving average is $152.24 and its two-hundred day moving average is $203.55. Wingstop Inc. has a 52 week low of $116.35 and a 52 week high of $381.45. The company has a market cap of $4.85 billion, a PE ratio of 44.28, a P/E/G ratio of 2.10 and a beta of 1.79.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $183.72 million during the quarter, compared to the consensus estimate of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 EPS. As a group, sell-side analysts expect that Wingstop Inc. will post 4.57 EPS for the current fiscal year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 15th. This represents a $1.20 annualized dividend and a yield of 0.7%. Wingstop’s payout ratio is presently 29.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WING shares. Wall Street Zen upgraded Wingstop from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Wells Fargo & Company reduced their target price on Wingstop from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Barclays decreased their price target on shares of Wingstop from $330.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. DA Davidson restated a “buy” rating and issued a $250.00 price target on shares of Wingstop in a research note on Monday, April 20th. Finally, Stifel Nicolaus cut their price target on shares of Wingstop from $325.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $260.89.

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.