Wingstop Inc. (NASDAQ:WING) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 55.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,683 shares of the restaurant operator's stock after selling 27,812 shares during the period. Bank of Montreal Can owned 0.08% of Wingstop worth $9,333,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WING. Hollencrest Capital Management purchased a new position in shares of Wingstop in the second quarter worth $27,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Wingstop in the second quarter worth $34,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of 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 buying an additional 35 shares during the last quarter. V Square Quantitative Management LLC raised its holdings 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 worth $44,000 after purchasing an additional 40 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Wingstop by 384.6% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock worth $53,000 after purchasing an additional 100 shares during the last quarter.

Wingstop Trading Down 0.6 %

Shares of WING traded down $1.95 during trading hours on Monday, reaching $326.82. The company had a trading volume of 170,947 shares, compared to its average volume of 460,171. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 95.85, a PEG ratio of 3.06 and a beta of 1.78. Wingstop Inc. has a 12-month low of $240.60 and a 12-month high of $433.86. The firm has a 50 day simple moving average of $363.05 and a 200-day simple moving average of $380.47.

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

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid 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 0.33%. Wingstop's dividend payout ratio is currently 31.49%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WING. Barclays dropped their price target on shares of Wingstop from $470.00 to $380.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. BTIG Research upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 price target on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and dropped their target price for the company from $458.00 to $377.00 in a research report on Friday, November 8th. Northcoast Research upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 target price on the stock in a research report on Friday, November 1st. Finally, Wedbush reiterated an "outperform" rating and issued a $390.00 target price on shares of Wingstop in a research report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently 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.