Fiera Capital Corp Sells 7,939 Shares of Wingstop Inc. (NASDAQ:WING)

Fiera Capital Corp cut its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 242,714 shares of the restaurant operator's stock after selling 7,939 shares during the quarter. Fiera Capital Corp owned about 0.83% of Wingstop worth $100,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Wingstop during the 1st quarter worth about $370,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Wingstop in the first quarter valued at approximately $4,840,000. Daiwa Securities Group Inc. increased its holdings in shares of Wingstop by 276.9% in the first quarter. Daiwa Securities Group Inc. now owns 980 shares of the restaurant operator's stock valued at $359,000 after purchasing an additional 720 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in Wingstop by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 25,744 shares of the restaurant operator's stock worth $9,433,000 after acquiring an additional 334 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Wingstop by 79.1% in the 1st quarter. Empowered Funds LLC now owns 15,699 shares of the restaurant operator's stock valued at $5,752,000 after acquiring an additional 6,935 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup increased their price target on shares of Wingstop from $417.00 to $440.00 and gave the company a "neutral" rating in a research note on Friday, October 4th. BMO Capital Markets raised their price objective on Wingstop from $345.00 to $360.00 and gave the stock a "market perform" rating in a research report on Thursday, August 1st. Truist Financial boosted their price target on Wingstop from $407.00 to $423.00 and gave the company a "hold" rating in a research note on Thursday, August 1st. Morgan Stanley boosted their price target on shares of Wingstop from $390.00 to $400.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 16th. Finally, BTIG Research raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 target price on the stock in a research report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wingstop presently has an average rating of "Moderate Buy" and a consensus price target of $368.74.

Wingstop Trading Up 2.4 %

NASDAQ:WING traded up $8.09 on Friday, hitting $339.98. 686,609 shares of the company's stock traded hands, compared to its average volume of 460,823. Wingstop Inc. has a 1 year low of $204.01 and a 1 year high of $433.86. The firm has a 50-day moving average price of $381.45 and a 200-day moving average price of $385.89. The company has a market cap of $9.93 billion, a PE ratio of 96.76, a price-to-earnings-growth ratio of 2.94 and a beta of 1.76.

Wingstop (NASDAQ:WING - Get Free Report) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.09). The company had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. Wingstop's revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, research analysts forecast that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Friday, November 15th. Wingstop's dividend payout ratio is currently 31.49%.

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.