3,727 Shares in Wingstop Inc. (NASDAQ:WING) Bought by Centiva Capital LP

Centiva Capital LP purchased a new position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,727 shares of the restaurant operator's stock, valued at approximately $1,551,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its holdings in Wingstop by 7.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 647,677 shares of the restaurant operator's stock worth $269,485,000 after acquiring an additional 46,772 shares during the period. Renaissance Technologies LLC boosted its stake in Wingstop by 36.6% during the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator's stock worth $254,860,000 after buying an additional 161,600 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Wingstop by 40.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator's stock worth $193,630,000 after acquiring an additional 134,802 shares in the last quarter. Millennium Management LLC grew its holdings in Wingstop by 284.1% during the 2nd quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator's stock valued at $161,957,000 after buying an additional 283,412 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Wingstop by 66.6% during the second quarter. AQR Capital Management LLC now owns 325,920 shares of the restaurant operator's stock worth $137,753,000 after acquiring an additional 130,248 shares during the last quarter.

Wingstop Trading Up 3.0 %

Shares of NASDAQ WING traded up $9.70 during trading hours on Wednesday, reaching $337.25. The stock had a trading volume of 456,498 shares, compared to its average volume of 461,390. Wingstop Inc. has a fifty-two week low of $240.60 and a fifty-two week high of $433.86. The firm has a 50-day moving average of $359.00 and a 200-day moving average of $379.60. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 98.32, a PEG ratio of 3.03 and a beta of 1.78.

Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.09). The company had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The firm's revenue was up 38.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. On average, equities analysts predict that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 15th. This represents a $1.08 annualized dividend and a dividend yield of 0.32%. Wingstop's payout ratio is currently 31.49%.

Analysts Set New Price Targets

WING has been the subject of several research reports. The Goldman Sachs Group raised shares of Wingstop from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $458.00 to $377.00 in a research note on Friday, November 8th. Piper Sandler cut their price target on shares of Wingstop from $375.00 to $300.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Wedbush restated an "outperform" rating and set a $390.00 target price on shares of Wingstop in a research note on Tuesday, November 5th. Citigroup upped their price target on Wingstop from $417.00 to $440.00 and gave the stock a "neutral" rating in a research note on Friday, October 4th. Finally, BTIG Research upgraded Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 price target on the stock in a report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $368.74.

Wingstop Company 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.