Empowered Funds LLC Purchases 2,263 Shares of Wingstop Inc. (NASDAQ:WING)

Empowered Funds LLC boosted its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 15.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,074 shares of the restaurant operator's stock after buying an additional 2,263 shares during the period. Empowered Funds LLC owned approximately 0.06% of Wingstop worth $7,104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hollencrest Capital Management bought a new stake in shares of Wingstop during the 2nd quarter valued at $27,000. Ashton Thomas Private Wealth LLC bought a new stake in Wingstop in the second quarter valued at about $34,000. Massmutual Trust Co. FSB ADV lifted its stake in Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator's stock valued at $39,000 after buying an additional 35 shares during the period. V Square Quantitative Management LLC boosted its holdings in 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 buying an additional 40 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Wingstop by 384.6% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock worth $53,000 after buying an additional 100 shares during the period.

Wingstop Trading Down 4.1 %

Shares of WING stock opened at $316.68 on Friday. The firm's fifty day moving average price is $376.42 and its two-hundred day moving average price is $384.42. Wingstop Inc. has a 1 year low of $223.30 and a 1 year high of $433.86. The firm has a market capitalization of $9.25 billion, a P/E ratio of 92.33, a PEG ratio of 2.95 and a beta of 1.76.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same quarter in the previous year, the business earned $0.69 EPS. Wingstop's revenue was up 38.8% on a year-over-year basis. As a group, equities research analysts forecast that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Friday, November 15th. Wingstop's dividend payout ratio is currently 31.49%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wedbush reissued an "outperform" rating and set a $390.00 price objective on shares of Wingstop in a research note on Tuesday, November 5th. Stephens reduced their price target on shares of Wingstop from $490.00 to $468.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. Citigroup boosted their price target on shares of Wingstop from $417.00 to $440.00 and gave the company a "neutral" rating in a report on Friday, October 4th. BTIG Research raised Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 price objective on the stock in a research note on Thursday, October 31st. Finally, Northcoast Research raised Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 target price for the company in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average 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.