ING Groep NV purchased a new stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,700 shares of the restaurant operator's stock, valued at approximately $6,532,000. ING Groep NV owned 0.05% of Wingstop at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. CWM LLC raised its stake in shares of Wingstop by 206.6% during the 2nd quarter. CWM LLC now owns 2,287 shares of the restaurant operator's stock worth $967,000 after purchasing an additional 1,541 shares in the last quarter. Hancock Whitney Corp bought a new position in Wingstop during the first quarter valued at approximately $1,696,000. Driehaus Capital Management LLC lifted its stake in Wingstop by 4.1% in the second quarter. Driehaus Capital Management LLC now owns 193,307 shares of the restaurant operator's stock valued at $81,703,000 after acquiring an additional 7,600 shares during the last quarter. Scientech Research LLC acquired a new position in shares of Wingstop during the 2nd quarter worth $2,249,000. Finally, Ontario Teachers Pension Plan Board lifted its stake in shares of Wingstop by 22.6% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,420 shares of the restaurant operator's stock valued at $3,818,000 after purchasing an additional 1,921 shares during the last quarter.
Analyst Ratings Changes
Several research firms have weighed in on WING. Raymond James upgraded Wingstop from a "market perform" rating to an "outperform" rating and set a $42.00 target price on the stock in a report on Thursday, August 1st. Truist Financial upped their target price on Wingstop from $407.00 to $423.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. Citigroup raised their price target on Wingstop from $417.00 to $440.00 and gave the company a "neutral" rating in a research report on Friday, October 4th. BTIG Research raised Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 price objective for the company in a research report on Thursday, October 31st. Finally, Wedbush reissued an "outperform" rating and issued a $390.00 price objective on shares of Wingstop in a research report on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Wingstop currently has an average rating of "Moderate Buy" and a consensus target price of $368.74.
Get Our Latest Stock Report on WING
Wingstop Price Performance
Shares of NASDAQ:WING traded down $13.67 during trading on Friday, reaching $316.68. The stock had a trading volume of 613,766 shares, compared to its average volume of 737,513. The stock has a market capitalization of $9.25 billion, a PE ratio of 92.33, a P/E/G ratio of 3.08 and a beta of 1.76. Wingstop Inc. has a 52 week low of $223.30 and a 52 week high of $433.86. The business's 50-day moving average price is $376.42 and its 200 day moving average price is $384.42.
Wingstop (NASDAQ:WING - Get Free Report) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $160.24 million. During the same quarter last year, the business posted $0.69 earnings per share. The business's quarterly revenue was up 38.8% compared to the same quarter last year. Analysts forecast that Wingstop Inc. will post 3.68 EPS for the current year.
Wingstop Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop's dividend payout ratio (DPR) is presently 31.49%.
Wingstop Company Profile
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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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