Wingstop Inc. (NASDAQ:WING) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Wingstop Inc. (NASDAQ:WING) by 31.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 135,013 shares of the restaurant operator’s stock after buying an additional 32,109 shares during the period. JPMorgan Chase & Co.’s holdings in Wingstop were worth $21,281,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Point72 Hong Kong Ltd increased its holdings in Wingstop by 291.8% in the 1st quarter. Point72 Hong Kong Ltd now owns 333 shares of the restaurant operator’s stock worth $42,000 after buying an additional 248 shares during the period. Captrust Financial Advisors increased its holdings in Wingstop by 694.5% in the 1st quarter. Captrust Financial Advisors now owns 437 shares of the restaurant operator’s stock worth $56,000 after buying an additional 382 shares during the period. Lazard Asset Management LLC purchased a new stake in Wingstop in the 1st quarter worth approximately $57,000. Advisory Services Network LLC boosted its position in Wingstop by 554.7% in the 1st quarter. Advisory Services Network LLC now owns 694 shares of the restaurant operator’s stock worth $88,000 after purchasing an additional 588 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Wingstop by 1,451.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 791 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 740 shares in the last quarter.

In related news, EVP Stacy Peterson sold 3,220 shares of the firm’s stock in a transaction dated Friday, July 30th. The stock was sold at an average price of $171.22, for a total transaction of $551,328.40. Following the completion of the sale, the executive vice president now directly owns 4,334 shares of the company’s stock, valued at approximately $742,067.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Skipworth sold 10,665 shares of the firm’s stock in a transaction dated Wednesday, July 28th. The stock was sold at an average price of $160.02, for a total value of $1,706,613.30. The disclosure for this sale can be found here. Insiders sold a total of 84,171 shares of company stock valued at $14,120,700 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Several research firms have commented on WING. Stephens upped their price objective on Wingstop from $172.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 29th. Wedbush upped their price objective on Wingstop from $180.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, September 13th. Deutsche Bank Aktiengesellschaft began coverage on Wingstop in a research report on Tuesday, September 28th. They issued a “hold” rating and a $178.00 price objective on the stock. Truist Securities upped their price objective on Wingstop from $187.00 to $194.00 and gave the stock a “buy” rating in a research report on Friday, October 1st. Finally, Truist increased their target price on Wingstop from $187.00 to $194.00 and gave the company a “buy” rating in a research report on Friday, October 1st. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Wingstop has a consensus rating of “Buy” and a consensus price target of $179.72.

Shares of WING opened at $168.62 on Thursday. Wingstop Inc. has a 52-week low of $112.47 and a 52-week high of $187.35. The company has a market capitalization of $5.02 billion, a PE ratio of 177.49, a price-to-earnings-growth ratio of 11.23 and a beta of 1.33. The stock has a fifty day simple moving average of $172.14 and a two-hundred day simple moving average of $156.60.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, July 28th. The restaurant operator reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Wingstop had a negative return on equity of 13.51% and a net margin of 10.35%. The business had revenue of $74.00 million during the quarter, compared to the consensus estimate of $73.38 million. On average, equities analysts expect that Wingstop Inc. will post 1.49 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Friday, August 13th were paid a $0.17 dividend. The ex-dividend date was Thursday, August 12th. This is an increase from Wingstop’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.40%. Wingstop’s dividend payout ratio (DPR) is 62.39%.

Wingstop Company Profile

Wingstop, Inc is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. It operates through Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants.

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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