Wingstop Inc. (NASDAQ:WING) is Copeland Capital Management LLC’s 8th Largest Position

Copeland Capital Management LLC lifted its position in shares of Wingstop Inc. (NASDAQ:WING) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230,510 shares of the restaurant operator’s stock after buying an additional 1,979 shares during the period. Wingstop comprises 1.7% of Copeland Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Copeland Capital Management LLC owned 0.79% of Wingstop worth $95,911,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in Wingstop during the second quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC purchased a new position in Wingstop in the 2nd quarter worth $34,000. Massmutual Trust Co. FSB ADV lifted its stake in Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 35 shares during the last quarter. GAMMA Investing LLC boosted its position in Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 40 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in shares of Wingstop by 60.6% during the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 40 shares during the last quarter.

Insiders Place Their Bets

In other news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $372.71, for a total value of $1,192,299.29. Following the completion of the transaction, the senior vice president now owns 97 shares of the company’s stock, valued at $36,152.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 16th. The Goldman Sachs Group increased their price objective on Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. BMO Capital Markets lifted their target price on shares of Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Stephens reissued an “overweight” rating and set a $475.00 price target on shares of Wingstop in a research report on Wednesday, August 14th. Finally, TD Cowen restated a “buy” rating and issued a $450.00 price objective on shares of Wingstop in a research report on Wednesday, July 31st. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $382.00.

Wingstop Trading Down 0.6 %

Shares of WING stock opened at $368.44 on Tuesday. The company’s fifty day moving average price is $396.04 and its 200-day moving average price is $388.63. The stock has a market cap of $10.80 billion, a PE ratio of 131.12, a price-to-earnings-growth ratio of 3.69 and a beta of 1.71. Wingstop Inc. has a 12 month low of $173.74 and a 12 month high of $433.86.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business had revenue of $155.70 million for the quarter, compared to analyst estimates of $146.04 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Wingstop’s quarterly revenue was up 45.3% on a year-over-year basis. On average, sell-side analysts forecast that Wingstop Inc. will post 3.79 earnings per share for the current fiscal year.

Wingstop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a dividend of $0.27 per share. This is a boost from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a yield of 0.29%. Wingstop’s payout ratio is presently 38.43%.

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.