The Manufacturers Life Insurance Company reduced its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 7.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 24,623 shares of the restaurant operator's stock after selling 2,063 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Wingstop worth $10,245,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Fulton Bank N.A. lifted its position in Wingstop by 5.0% in the 3rd quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator's stock valued at $228,000 after acquiring an additional 26 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Wingstop by 3.7% during the 2nd quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator's stock valued at $347,000 after buying an additional 29 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in shares of Wingstop by 4.3% in the second quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator's stock worth $318,000 after buying an additional 31 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator's stock worth $39,000 after buying an additional 35 shares in the last quarter. Finally, Hollencrest Capital Management lifted its holdings in shares of Wingstop by 53.8% in the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator's stock worth $42,000 after buying an additional 35 shares in the last quarter.
Wingstop Price Performance
WING traded up $9.70 on Wednesday, hitting $337.25. The company had a trading volume of 456,498 shares, compared to its average volume of 461,390. The company's fifty day moving average price is $359.00 and its 200 day moving average price is $379.60. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 98.32, a price-to-earnings-growth ratio of 3.03 and a beta of 1.78. Wingstop Inc. has a 1-year low of $240.60 and a 1-year high of $433.86.
Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.09). The company had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The company's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. On average, sell-side analysts forecast that Wingstop Inc. will post 3.68 EPS for the current year.
Wingstop Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.32%. Wingstop's dividend payout ratio (DPR) is presently 31.49%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on WING shares. Piper Sandler decreased their price target on shares of Wingstop from $375.00 to $300.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. Northcoast Research raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 price target on the stock in a research note on Friday, November 1st. Barclays decreased their price target on shares of Wingstop from $470.00 to $380.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Stephens cut their price objective 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. Finally, Benchmark upgraded shares of Wingstop from a "hold" rating to a "buy" rating and set a $340.00 price objective on the stock in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $368.74.
View Our Latest Report on Wingstop
Wingstop Profile
(
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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