Capstone Investment Advisors LLC trimmed its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 66.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,254 shares of the restaurant operator's stock after selling 2,513 shares during the period. Capstone Investment Advisors LLC's holdings in Wingstop were worth $522,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in Wingstop by 284.1% in the second quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator's stock valued at $161,957,000 after acquiring an additional 283,412 shares during the period. FMR LLC lifted its holdings in Wingstop by 984.7% in the third quarter. FMR LLC now owns 217,946 shares of the restaurant operator's stock valued at $90,683,000 after acquiring an additional 197,853 shares during the period. Renaissance Technologies LLC lifted its holdings in Wingstop by 36.6% in the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator's stock valued at $254,860,000 after acquiring an additional 161,600 shares during the period. Eagle Asset Management Inc. lifted its holdings in Wingstop by 40.8% in the third quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator's stock valued at $193,630,000 after acquiring an additional 134,802 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Wingstop by 66.6% in the second quarter. AQR Capital Management LLC now owns 325,920 shares of the restaurant operator's stock valued at $137,753,000 after acquiring an additional 130,248 shares during the period.
Analyst Ratings Changes
WING has been the subject of several research reports. Barclays cut their price target on Wingstop from $470.00 to $380.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Northcoast Research raised Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 price target for the company in a research note on Friday, November 1st. The Goldman Sachs Group upgraded Wingstop from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $458.00 to $377.00 in a research report on Friday, November 8th. Benchmark upgraded Wingstop from a "hold" rating to a "buy" rating and set a $340.00 price objective for the company in a research report on Thursday, October 31st. Finally, TD Cowen dropped their price objective on Wingstop from $450.00 to $365.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $368.74.
Get Our Latest Research Report on Wingstop
Wingstop Price Performance
WING stock traded down $2.50 during midday trading on Friday, reaching $328.77. 215,536 shares of the company's stock traded hands, compared to its average volume of 560,424. Wingstop Inc. has a fifty-two week low of $238.06 and a fifty-two week high of $433.86. The business has a 50-day moving average price of $363.05 and a two-hundred day moving average price of $380.58. The company has a market capitalization of $9.60 billion, a P/E ratio of 95.85, a PEG ratio of 3.09 and a beta of 1.76.
Wingstop (NASDAQ:WING - Get Free Report) last posted its 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). Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The business had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The business's revenue was up 38.8% compared to the same quarter last year. As a group, research analysts forecast that Wingstop Inc. will post 3.68 earnings per share for the current fiscal year.
Wingstop Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. Wingstop's dividend payout ratio (DPR) is currently 31.49%.
About Wingstop
(
Free Report)
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.
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