Massachusetts Financial Services Co. MA Has $253.98 Million Position in Wingstop Inc. (NASDAQ:WING)

Massachusetts Financial Services Co. MA boosted its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 600,905 shares of the restaurant operator’s stock after buying an additional 16,526 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.05% of Wingstop worth $253,979,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of Wingstop by 4,651.9% in the fourth quarter. International Assets Investment Management LLC now owns 1,283 shares of the restaurant operator’s stock valued at $329,000 after purchasing an additional 1,256 shares in the last quarter. Principal Securities Inc. purchased a new stake in Wingstop in the 4th quarter valued at $131,000. Dimensional Fund Advisors LP lifted its stake in Wingstop by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 396,258 shares of the restaurant operator’s stock valued at $101,673,000 after acquiring an additional 8,058 shares in the last quarter. Avantax Advisory Services Inc. purchased a new position in Wingstop during the 4th quarter worth $257,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Wingstop by 16.9% in the 4th quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock worth $67,000 after acquiring an additional 38 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on WING. Stephens reissued an “overweight” rating and set a $475.00 price target on shares of Wingstop in a research report on Wednesday, August 14th. TD Cowen reaffirmed a “buy” rating and issued a $450.00 target price on shares of Wingstop in a report on Wednesday, July 31st. Barclays increased their price target on Wingstop from $418.00 to $425.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Piper Sandler boosted their price objective on Wingstop from $353.00 to $375.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets raised their target price on Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $379.53.

Wingstop Trading Up 1.9 %

Shares of Wingstop stock opened at $416.66 on Wednesday. The company’s 50-day moving average price is $379.23 and its 200-day moving average price is $380.08. Wingstop Inc. has a 12-month low of $166.65 and a 12-month high of $431.03. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 148.28, a PEG ratio of 3.96 and a beta of 1.71.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (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 analysts’ expectations of $146.04 million. During the same period in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 45.3% compared to the same quarter last year. On average, sell-side analysts predict that Wingstop Inc. will post 3.77 earnings per share for the current year.

Wingstop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.26%. This is a boost from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, August 16th. Wingstop’s dividend payout ratio is 38.43%.

Insider Activity at Wingstop

In other news, SVP Donnie Upshaw sold 3,199 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the sale, the senior vice president now owns 97 shares in the company, valued at approximately $36,152.87. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.36% of the stock is currently owned by insiders.

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.