Dorsey Wright & Associates Takes $2.11 Million Position in Wingstop Inc. (NASDAQ:WING)

Dorsey Wright & Associates acquired a new position in Wingstop Inc. (NASDAQ:WING - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,059 shares of the restaurant operator's stock, valued at approximately $2,105,000.

Several other institutional investors also recently modified their holdings of the business. Fulton Bank N.A. boosted its position in Wingstop by 5.0% during the third quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator's stock valued at $228,000 after acquiring an additional 26 shares during the last quarter. CIBC Asset Management Inc boosted its position in Wingstop by 3.7% during the second quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator's stock valued at $347,000 after acquiring an additional 29 shares during the last quarter. Dark Forest Capital Management LP boosted its position in Wingstop by 4.3% during the second quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator's stock valued at $318,000 after acquiring an additional 31 shares during the last quarter. Hollencrest Capital Management boosted its position in Wingstop by 53.8% during the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator's stock valued at $42,000 after acquiring an additional 35 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its position in Wingstop by 60.6% during the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator's stock valued at $44,000 after acquiring an additional 40 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have commented on WING. TD Cowen cut their price target on shares of Wingstop from $450.00 to $365.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. BTIG Research raised 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 raised shares of Wingstop from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $458.00 to $377.00 in a research report on Friday, November 8th. Wedbush reissued an "outperform" rating and set a $390.00 price objective on shares of Wingstop in a research report on Tuesday, November 5th. Finally, Citigroup increased their price objective on shares of Wingstop from $417.00 to $440.00 and gave the stock a "neutral" rating in a research report on Friday, October 4th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $368.74.

Wingstop Stock Performance

NASDAQ:WING traded up $2.79 on Friday, hitting $340.09. The stock had a trading volume of 495,006 shares, compared to its average volume of 450,296. The stock has a market cap of $9.93 billion, a P/E ratio of 99.15, a price-to-earnings-growth ratio of 3.17 and a beta of 1.78. Wingstop Inc. has a 1 year low of $240.60 and a 1 year high of $433.86. The firm's fifty day simple moving average is $354.08 and its two-hundred day simple moving average is $378.71.

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

Wingstop announced that its board has approved a stock buyback plan on Thursday, December 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the restaurant operator to reacquire up to 5.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a $0.27 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.32%. Wingstop's dividend payout ratio (DPR) is 31.49%.

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.