Ontario Teachers Pension Plan Board Sells 3,025 Shares of Wingstop Inc. (NASDAQ:WING)

Ontario Teachers Pension Plan Board lowered its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 40.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,490 shares of the restaurant operator's stock after selling 3,025 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Wingstop were worth $1,868,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Wingstop by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator's stock valued at $1,071,473,000 after buying an additional 104,780 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Wingstop by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator's stock worth $833,026,000 after purchasing an additional 101,917 shares during the last quarter. Renaissance Technologies LLC increased its holdings 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 worth $254,860,000 after acquiring an additional 161,600 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Wingstop by 2.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 600,905 shares of the restaurant operator's stock worth $253,979,000 after purchasing an additional 16,526 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Wingstop by 284.1% during the second quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator's stock worth $161,957,000 after buying an additional 283,412 shares in the last quarter.

Analyst Ratings Changes

WING has been the topic of several recent research reports. BMO Capital Markets raised their price target on shares of Wingstop from $345.00 to $360.00 and gave the company a "market perform" rating in a research report on Thursday, August 1st. Barclays cut their target price on shares of Wingstop from $470.00 to $380.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Wedbush reiterated an "outperform" rating and set a $390.00 price objective on shares of Wingstop in a research report on Tuesday, November 5th. Northcoast Research upgraded Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 price objective for the company in a report on Friday, November 1st. Finally, Truist Financial lifted their price objective on Wingstop from $407.00 to $423.00 and gave the company a "hold" rating in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $368.74.

Wingstop Stock Down 0.7 %

WING stock traded down $2.38 during midday trading on Wednesday, reaching $333.21. The stock had a trading volume of 401,862 shares, compared to its average volume of 462,774. Wingstop Inc. has a twelve month low of $229.27 and a twelve month high of $433.86. The firm has a market cap of $9.73 billion, a price-to-earnings ratio of 97.84, a PEG ratio of 3.04 and a beta of 1.76. The business has a fifty day simple moving average of $374.77 and a two-hundred day simple moving average of $383.66.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly 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). The business had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The firm's quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, equities analysts predict that Wingstop Inc. will post 3.68 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm 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 $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Friday, November 15th. Wingstop's dividend payout ratio is 31.49%.

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.