Quantbot Technologies LP Has $8.90 Million Holdings in Wingstop Inc. (NASDAQ:WING)

Quantbot Technologies LP lifted its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 209.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,394 shares of the restaurant operator's stock after buying an additional 14,485 shares during the quarter. Quantbot Technologies LP owned about 0.07% of Wingstop worth $8,902,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WING. FMR LLC boosted its position in shares of Wingstop by 984.7% in the 3rd quarter. FMR LLC now owns 217,946 shares of the restaurant operator's stock worth $90,683,000 after purchasing an additional 197,853 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in Wingstop by 21.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 8,192 shares of the restaurant operator's stock valued at $3,408,000 after buying an additional 1,456 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Wingstop by 125.0% during the third quarter. Daiwa Securities Group Inc. now owns 4,770 shares of the restaurant operator's stock worth $1,985,000 after buying an additional 2,650 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Wingstop by 145.2% in the 3rd quarter. Cerity Partners LLC now owns 9,507 shares of the restaurant operator's stock valued at $3,956,000 after acquiring an additional 5,630 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of Wingstop by 138.6% in the 3rd quarter. Citigroup Inc. now owns 14,921 shares of the restaurant operator's stock valued at $6,208,000 after acquiring an additional 53,542 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WING. BMO Capital Markets boosted their price objective on shares of Wingstop from $345.00 to $360.00 and gave the company a "market perform" rating in a report on Thursday, August 1st. Benchmark upgraded Wingstop from a "hold" rating to a "buy" rating and set a $340.00 price objective for the company in a research report on Thursday, October 31st. Northcoast Research upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 target price on the stock in a report on Friday, November 1st. Citigroup lifted their price target on shares of Wingstop from $417.00 to $440.00 and gave the company a "neutral" rating in a research note on Friday, October 4th. Finally, Barclays lowered their price objective 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. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $368.74.

Wingstop Price Performance

NASDAQ WING traded up $1.63 on Tuesday, hitting $338.79. 429,466 shares of the stock were exchanged, compared to its average volume of 463,097. The company has a market capitalization of $9.90 billion, a PE ratio of 98.27, a P/E/G ratio of 3.15 and a beta of 1.76. The business's fifty day moving average is $369.86 and its 200 day moving average is $381.97. Wingstop Inc. has a 52 week low of $229.27 and a 52 week high of $433.86.

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 net margin of 17.05% and a negative return on equity of 22.69%. The firm had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. The company's revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share. Analysts predict that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.27 per share. 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 payout ratio is presently 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.