Healthcare of Ontario Pension Plan Trust Fund Acquires Shares of 4,331 Wingstop Inc. (NASDAQ:WING)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,331 shares of the restaurant operator's stock, valued at approximately $1,802,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC boosted its holdings in Wingstop by 206.6% in the 2nd quarter. CWM LLC now owns 2,287 shares of the restaurant operator's stock worth $967,000 after buying an additional 1,541 shares during the period. Driehaus Capital Management LLC boosted its holdings in shares of Wingstop by 4.1% in the second quarter. Driehaus Capital Management LLC now owns 193,307 shares of the restaurant operator's stock worth $81,703,000 after acquiring an additional 7,600 shares during the period. Scientech Research LLC bought a new position in shares of Wingstop in the second quarter worth $2,249,000. Los Angeles Capital Management LLC purchased a new position in shares of Wingstop in the third quarter valued at $5,010,000. Finally, Renaissance Technologies LLC raised its stake in shares of Wingstop by 36.6% during the 2nd quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator's stock valued at $254,860,000 after purchasing an additional 161,600 shares during the period.

Wingstop Stock Performance

WING stock traded down $3.93 during trading on Monday, hitting $324.84. 530,621 shares of the company traded hands, compared to its average volume of 461,791. The company has a 50-day moving average of $363.05 and a 200-day moving average of $380.47. Wingstop Inc. has a 1 year low of $240.60 and a 1 year high of $433.86. The firm has a market capitalization of $9.49 billion, a PE ratio of 95.85, a P/E/G ratio of 3.06 and a beta of 1.78.

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

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop's payout ratio is 31.49%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WING. Barclays lowered their price target on shares of Wingstop from $470.00 to $380.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Stephens cut their price target on shares of Wingstop from $490.00 to $468.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Citigroup upped their price target on shares of Wingstop from $417.00 to $440.00 and gave the stock a "neutral" rating in a report on Friday, October 4th. Northcoast Research raised Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 price objective for the company in a research note on Friday, November 1st. Finally, The Goldman Sachs Group upgraded Wingstop from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $458.00 to $377.00 in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.