Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Wingstop Inc. $WING

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Wingstop Inc. by 36% in Q2, owning 4,544 shares worth $1.53 million. Other hedge funds also adjusted their positions. Wingstop's stock rose 8.3%, with a market cap of $7.31 billion. The company reported Q3 earnings of $1.09 per share, beating estimates. Analysts have mixed ratings, with a consensus of 'Moderate Buy' and an average target price of $335.96.

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 36.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,544 shares of the restaurant operator's stock after buying an additional 1,204 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Wingstop were worth $1,530,000 at the end of the most recent reporting period.

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Several other hedge funds have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in Wingstop by 43.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator's stock valued at $371,517,000 after purchasing an additional 496,717 shares during the last quarter. American Century Companies Inc. raised its holdings in Wingstop by 4.7% in the first quarter. American Century Companies Inc. now owns 1,262,597 shares of the restaurant operator's stock worth $284,817,000 after buying an additional 56,535 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Wingstop during the first quarter valued at approximately $212,672,000. Alyeska Investment Group L.P. grew its holdings in shares of Wingstop by 29.8% during the first quarter. Alyeska Investment Group L.P. now owns 693,115 shares of the restaurant operator's stock valued at $156,353,000 after buying an additional 158,977 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Wingstop by 44.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 632,705 shares of the restaurant operator's stock worth $213,057,000 after acquiring an additional 194,978 shares during the last quarter.

Wingstop Trading Up 8.3%

Shares of NASDAQ WING opened at $262.97 on Wednesday. The firm has a 50 day moving average of $246.52 and a 200 day moving average of $300.45. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 3.32 and a beta of 1.73. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $388.14.

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Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.18. The business had revenue of $175.74 million for the quarter, compared to the consensus estimate of $189.10 million. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. Sell-side analysts predict that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 21st. Wingstop's dividend payout ratio (DPR) is currently 19.54%.

Analyst Upgrades and Downgrades

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WING has been the subject of a number of research analyst reports. Barclays reduced their target price on Wingstop from $330.00 to $295.00 and set an "overweight" rating for the company in a report on Wednesday, November 5th. Northcoast Research raised Wingstop from a "neutral" rating to a "buy" rating and set a $300.00 target price for the company in a research report on Wednesday, November 5th. Wedbush restated an "outperform" rating on shares of Wingstop in a research note on Wednesday, September 17th. Zacks Research lowered shares of Wingstop from a "hold" rating to a "strong sell" rating in a research note on Monday, October 13th. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $350.00 price objective (down from $420.00) on shares of Wingstop in a report on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Wingstop has an average rating of "Moderate Buy" and an average target price of $335.96.

Read Our Latest Analysis on Wingstop

Wingstop Profile

(Free Report)

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.

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