Axa S.A. Takes Position in Wingstop Inc. (NASDAQ:WING)

Posted by Defense World Staff on Mar 2nd, 2023

Axa S.A. bought a new position in shares of Wingstop Inc. (NASDAQ:WING – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,700 shares of the restaurant operator’s stock, valued at approximately $339,000.

Several other institutional investors have also bought and sold shares of WING. James Investment Research Inc. bought a new position in shares of Wingstop during the third quarter valued at $30,000. Wipfli Financial Advisors LLC acquired a new position in Wingstop in the third quarter valued at about $47,000. IFP Advisors Inc grew its stake in Wingstop by 535.0% during the third quarter. IFP Advisors Inc now owns 635 shares of the restaurant operator’s stock worth $51,000 after buying an additional 535 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Wingstop by 11.9% during the second quarter. Fifth Third Bancorp now owns 838 shares of the restaurant operator’s stock worth $63,000 after buying an additional 89 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Wingstop in the second quarter valued at approximately $130,000.

Wingstop Stock Performance

Shares of WING stock opened at $170.89 on Thursday. Wingstop Inc. has a 52-week low of $67.67 and a 52-week high of $193.74. The stock has a market cap of $5.11 billion, a PE ratio of 96.55, a PEG ratio of 4.48 and a beta of 1.59. The firm’s 50 day moving average price is $154.87 and its two-hundred day moving average price is $145.79.

Wingstop (NASDAQ:WING – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The restaurant operator reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.18. The firm had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $100.96 million. Wingstop had a net margin of 14.81% and a negative return on equity of 13.52%. The business’s revenue for the quarter was up 45.7% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. As a group, sell-side analysts predict that Wingstop Inc. will post 1.9 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $0.76 annualized dividend and a yield of 0.44%. Wingstop’s dividend payout ratio (DPR) is presently 42.94%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WING. Barclays increased their price target on Wingstop from $167.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, February 23rd. Morgan Stanley raised their target price on Wingstop from $143.00 to $163.00 and gave the company an “equal weight” rating in a research note on Thursday, February 23rd. Truist Financial upped their price target on shares of Wingstop from $132.00 to $162.00 in a research report on Thursday, February 23rd. Citigroup boosted their target price on shares of Wingstop from $193.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Finally, Royal Bank of Canada upped their target price on shares of Wingstop from $150.00 to $172.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Wingstop presently has an average rating of “Hold” and a consensus price target of $172.82.

Insiders Place Their Bets

In other Wingstop news, SVP Donnie Upshaw sold 1,088 shares of the stock in a transaction on Friday, February 24th. The shares were sold at an average price of $172.50, for a total value of $187,680.00. Following the sale, the senior vice president now directly owns 6,007 shares in the company, valued at $1,036,207.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.64% of the company’s stock.

About Wingstop

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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.