Aigen Investment Management LP Has $3.40 Million Stock Position in Wingstop Inc. (NASDAQ:WING)

Aigen Investment Management LP lessened its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 25.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,163 shares of the restaurant operator's stock after selling 2,811 shares during the quarter. Wingstop accounts for about 0.7% of Aigen Investment Management LP's portfolio, making the stock its 17th largest holding. Aigen Investment Management LP's holdings in Wingstop were worth $3,396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Wingstop by 28.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,770 shares of the restaurant operator's stock valued at $1,153,000 after purchasing an additional 620 shares in the last quarter. Chartwell Investment Partners LLC acquired a new stake in shares of Wingstop in the third quarter valued at $3,650,000. Los Angeles Capital Management LLC purchased a new position in Wingstop in the third quarter valued at $5,010,000. Crossmark Global Holdings Inc. increased its holdings in Wingstop by 17.8% in the third quarter. Crossmark Global Holdings Inc. now owns 2,326 shares of the restaurant operator's stock valued at $968,000 after buying an additional 352 shares during the last quarter. Finally, Colonial River Investments LLC purchased a new position in shares of Wingstop during the third quarter worth about $487,000.

Wingstop Trading Down 1.5 %

WING traded down $5.13 on Tuesday, hitting $338.38. 587,981 shares of the company's stock were exchanged, compared to its average volume of 461,982. The firm has a market cap of $9.88 billion, a PE ratio of 100.15, a P/E/G ratio of 3.17 and a beta of 1.76. Wingstop Inc. has a twelve month low of $210.94 and a twelve month high of $433.86. The stock has a fifty day moving average of $379.68 and a two-hundred day moving average of $385.91.

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

Wingstop Dividend Announcement

The firm 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Friday, November 15th. Wingstop's payout ratio is 31.49%.

Analyst Upgrades and Downgrades

WING has been the topic of several research reports. Truist Financial raised their price objective on Wingstop from $407.00 to $423.00 and gave the stock a "hold" rating in a report on Thursday, August 1st. BMO Capital Markets boosted their price target on Wingstop from $345.00 to $360.00 and gave the stock a "market perform" rating in a research note on Thursday, August 1st. Northcoast Research raised Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 price target on the stock in a research note on Friday, November 1st. Piper Sandler decreased their price target on Wingstop from $375.00 to $300.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. Finally, TD Cowen decreased their price target on Wingstop from $450.00 to $365.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $368.74.

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.