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

Fiera Capital Corp decreased its holdings in Wingstop Inc. (NASDAQ:WING) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 242,714 shares of the restaurant operator’s stock after selling 7,939 shares during the quarter. Fiera Capital Corp owned approximately 0.83% of Wingstop worth $100,988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fulton Bank N.A. grew its holdings in Wingstop by 5.0% during the 3rd quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator’s stock worth $228,000 after acquiring an additional 26 shares during the period. CIBC Asset Management Inc boosted its position in shares of Wingstop by 3.7% in the 2nd quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator’s stock worth $347,000 after purchasing an additional 29 shares during the last quarter. Dark Forest Capital Management LP grew its stake in shares of Wingstop by 4.3% during the second quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator’s stock worth $318,000 after purchasing an additional 31 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 35 shares during the last quarter. Finally, Hollencrest Capital Management lifted its stake in Wingstop by 53.8% in the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 35 shares during the period.

Analyst Ratings Changes

WING has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Citigroup upped their target price 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. Benchmark raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target on the stock in a research report on Thursday, October 31st. Stephens decreased their price target on shares of Wingstop from $490.00 to $468.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Morgan Stanley raised their price objective on Wingstop from $390.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Wingstop presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.74.

Wingstop Price Performance

WING stock traded up $5.67 during mid-day trading on Friday, reaching $337.56. The company had a trading volume of 205,019 shares, compared to its average volume of 458,604. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of 96.76, a PEG ratio of 2.94 and a beta of 1.76. Wingstop Inc. has a 52 week low of $204.01 and a 52 week high of $433.86. The stock has a 50 day simple moving average of $381.45 and a two-hundred day simple moving average of $385.89.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). The firm 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 quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, equities analysts predict that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.32%. Wingstop’s dividend payout ratio (DPR) 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.