Fiera Capital Corp Has $100.99 Million Position in Wingstop Inc. (NASDAQ:WING)

Fiera Capital Corp lessened its stake in shares of Wingstop Inc. (NASDAQ:WING) by 3.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 242,714 shares of the restaurant operator’s stock after selling 7,939 shares during the quarter. Fiera Capital Corp’s holdings in Wingstop were worth $100,988,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. 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 note on Thursday, August 1st. Wedbush restated an “outperform” rating and issued a $390.00 price target on shares of Wingstop in a research report on Tuesday. Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a research report on Friday, November 1st. Morgan Stanley raised their target price on shares of Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, July 16th. Finally, Citigroup upped their price target on shares of Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Wingstop presently has an average rating of “Moderate Buy” and an average target price of $368.74.

Wingstop Stock Up 1.7 %

WING traded up $5.67 during midday trading on Friday, hitting $337.56. 205,019 shares of the company were exchanged, compared to its average volume of 458,604. The firm’s 50 day moving average price is $381.45 and its 200-day moving average price is $385.89. Wingstop Inc. has a 1-year low of $204.01 and a 1-year high of $433.86. The firm has a market capitalization of $9.86 billion, a P/E ratio of 96.76, a P/E/G ratio of 2.94 and a beta of 1.76.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). The company had revenue of $162.50 million during 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 was up 38.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, sell-side analysts predict that Wingstop Inc. will post 3.68 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop’s dividend payout ratio (DPR) is presently 31.49%.

About Wingstop

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.