Wingstop Inc. $WING Shares Newly Purchased by B.A. Schrock Wealth Management Inc.
by Mitch Edgeman · The Markets DailyB.A. Schrock Wealth Management Inc. acquired a new stake in Wingstop Inc. (NASDAQ:WING – Free Report) during the third quarter, Holdings Channel.com reports. The firm acquired 44,890 shares of the restaurant operator’s stock, valued at approximately $4,685,000. Wingstop accounts for 1.6% of B.A. Schrock Wealth Management Inc.’s portfolio, making the stock its 21st biggest position.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Wingstop in the second quarter worth approximately $481,314,000. State Street Corp lifted its stake in Wingstop by 2.0% in the second quarter. State Street Corp now owns 863,951 shares of the restaurant operator’s stock valued at $149,751,000 after buying an additional 16,907 shares during the period. TimesSquare Capital Management LLC acquired a new position in Wingstop in the second quarter valued at approximately $15,874,000. Hsbc Holdings PLC acquired a new position in Wingstop in the second quarter valued at approximately $1,558,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Wingstop during the 2nd quarter worth approximately $80,456,000.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Wingstop in a research report on Thursday, September 17th. Mizuho reduced their price target on shares of Wingstop from $280.00 to $240.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Piper Sandler set a $173.00 price target on shares of Wingstop in a report on Wednesday, July 29th. Weiss Ratings downgraded shares of Wingstop from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Finally, DA Davidson decreased their price target on shares of Wingstop from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $236.44.
Read Our Latest Research Report on Wingstop
Wingstop Trading Down 2.3%
Shares of WING stock opened at $122.90 on Thursday. The firm has a fifty day simple moving average of $111.53 and a two-hundred day simple moving average of $139.17. Wingstop Inc. has a 12 month low of $95.82 and a 12 month high of $302.80. The firm has a market capitalization of $3.35 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.51 and a beta of 1.81.
Wingstop (NASDAQ:WING – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $185.56 million for the quarter, compared to analyst estimates of $190.25 million. Wingstop had a net margin of 16.15% and a negative return on equity of 16.31%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.00 earnings per share. On average, equities analysts predict that Wingstop Inc. will post 4.46 earnings per share for the current fiscal year.
Wingstop Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Saturday, September 5th. Investors of record on Saturday, August 15th were issued a $0.33 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Wingstop’s previous quarterly dividend of $0.30. Wingstop’s dividend payout ratio (DPR) is currently 31.35%.
Wingstop News Summary
Here are the key news stories impacting Wingstop this week:
- Positive Sentiment: Limited-time product launch could boost traffic and brand engagement. Wingstop is partnering with Mondelēz’s SOUR PATCH KIDS brand on “SOUR PATCH KIDS Wicked Punch,” featuring a sour-then-sweet glaze and candy topping. The product will be available nationwide beginning October 27, with Club Wingstop early access from October 23. The unusual promotion may attract younger customers, encourage social-media sharing and support near-term sales. Wingstop and SOUR PATCH KIDS launch announcement
- Neutral Sentiment: The promotion reinforces Wingstop’s emphasis on distinctive, culture-driven marketing. Coverage across food, lifestyle and local-news outlets suggests the collaboration is succeeding in generating awareness. However, the articles do not disclose pricing, expected demand, restaurant-level sales or profit-margin implications, so the effect on earnings remains uncertain. Wingstop brand strategy analysis
- Negative Sentiment: Recent trading weakness indicates investors are not treating the product news as a near-term catalyst. Wingstop’s shares fell more than the general market in the latest session. The stock also remains below its 200-day moving average, suggesting continued technical pressure despite trading above its 50-day average. The latest available earnings showed strong EPS performance but revenue below analysts’ expectations, which may be keeping investors focused on growth execution rather than promotional headlines. Wingstop trading analysis
Wingstop Company Profile
Wingstop Inc is a restaurant company that specializes in made-to-order chicken wings and related menu items. Its offerings include classic and boneless wings prepared with a variety of signature flavors, as well as chicken sandwiches, tenders, seasoned fries, sides, dips and beverages. The company serves customers through dine-in, takeout, delivery and digital ordering channels.
Founded in 1994 in Garland, Texas, Wingstop has developed primarily as a franchised restaurant brand. The company supports its franchisees through brand marketing, restaurant development, operating systems, menu innovation and supply-chain coordination, while franchisees generally own and operate individual locations.
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