1,620 Shares in Wingstop Inc. (NASDAQ:WING) Bought by Capital Impact Advisors LLC

Capital Impact Advisors LLC purchased a new stake in Wingstop Inc. (NASDAQ:WING) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,620 shares of the restaurant operator’s stock, valued at approximately $685,000. Wingstop comprises 1.9% of Capital Impact Advisors LLC’s holdings, making the stock its 24th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund acquired a new stake in Wingstop in the 1st quarter worth approximately $1,355,000. Goldman Sachs Group Inc. boosted its position in Wingstop by 14.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 279,938 shares of the restaurant operator’s stock worth $71,827,000 after purchasing an additional 36,017 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Wingstop during the 4th quarter worth approximately $807,000. CWM LLC increased its holdings in shares of Wingstop by 206.6% during the 2nd quarter. CWM LLC now owns 2,287 shares of the restaurant operator’s stock valued at $967,000 after purchasing an additional 1,541 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Wingstop by 1,308.1% in the 1st quarter. BNP Paribas Financial Markets now owns 24,951 shares of the restaurant operator’s stock valued at $9,142,000 after purchasing an additional 23,179 shares during the period.

Wingstop Price Performance

Shares of NASDAQ WING opened at $411.44 on Monday. The company has a 50 day simple moving average of $386.73 and a 200-day simple moving average of $384.07. The company has a market capitalization of $12.06 billion, a P/E ratio of 146.42, a P/E/G ratio of 4.11 and a beta of 1.71. Wingstop Inc. has a 1 year low of $170.83 and a 1 year high of $433.86.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The firm had revenue of $155.70 million during the quarter, compared to the consensus estimate of $146.04 million. During the same period last year, the company earned $0.57 EPS. The company’s quarterly revenue was up 45.3% on a year-over-year basis. As a group, research analysts expect that Wingstop Inc. will post 3.78 EPS for the current year.

Wingstop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.26%. This is a boost from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s dividend payout ratio (DPR) is presently 38.43%.

Insider Activity at Wingstop

In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the transaction, the senior vice president now directly owns 97 shares in the company, valued at $36,152.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. TD Cowen restated a “buy” rating and set a $450.00 price target on shares of Wingstop in a research report on Wednesday, July 31st. Morgan Stanley raised their target price on Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 16th. Truist Financial upped their price target on Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Stephens reissued an “overweight” rating and issued a $475.00 price objective on shares of Wingstop in a report on Wednesday, August 14th. Finally, Barclays upped their target price on Wingstop from $418.00 to $425.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Wingstop currently has an average rating of “Hold” and a consensus price target of $379.53.

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.