Deutsche Bank AG Boosts Stock Position in Wingstop Inc. (NASDAQ:WING)

Deutsche Bank AG lifted its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 18.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,152 shares of the restaurant operator’s stock after purchasing an additional 3,135 shares during the period. Deutsche Bank AG owned about 0.07% of Wingstop worth $5,727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Verdence Capital Advisors LLC increased its holdings in Wingstop by 3.9% during the fourth quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator’s stock worth $256,000 after buying an additional 34 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 35 shares during the period. V Square Quantitative Management LLC grew its position in shares of Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 37 shares during the period. Arizona State Retirement System increased its stake in shares of Wingstop by 0.5% during the 4th quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator’s stock worth $2,415,000 after purchasing an additional 42 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Wingstop by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 897 shares of the restaurant operator’s stock worth $255,000 after purchasing an additional 47 shares during the period.

Wingstop Price Performance

Shares of NASDAQ:WING opened at $321.08 on Monday. The company’s fifty day moving average price is $238.85 and its 200-day moving average price is $274.72. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 86.54, a PEG ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The business had revenue of $171.09 million for the quarter, compared to analysts’ expectations of $172.25 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The firm’s revenue was up 17.4% on a year-over-year basis. As a group, equities research analysts expect that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Friday, May 16th. Wingstop’s dividend payout ratio (DPR) is presently 18.09%.

Analyst Upgrades and Downgrades

WING has been the topic of several research reports. Piper Sandler boosted their target price on Wingstop from $271.00 to $272.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Cowen reaffirmed a “buy” rating on shares of Wingstop in a report on Thursday, May 1st. The Goldman Sachs Group lifted their target price on shares of Wingstop from $280.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. BMO Capital Markets dropped their price target on shares of Wingstop from $335.00 to $300.00 and set a “market perform” rating on the stock in a research note on Thursday, February 20th. Finally, Sanford C. Bernstein reiterated an “overweight” rating and issued a $360.00 price objective on shares of Wingstop in a research note on Wednesday. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $331.78.

Insider Activity

In other Wingstop news, SVP Raj Kapoor sold 637 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the transaction, the senior vice president now owns 517 shares of the company’s stock, valued at $141,177.19. This represents a 55.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

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.