Victory Capital Management Inc. Purchases 37,015 Shares of Wingstop Inc. (NASDAQ:WING)

Victory Capital Management Inc. boosted its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 147.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,040 shares of the restaurant operator's stock after purchasing an additional 37,015 shares during the period. Victory Capital Management Inc. owned approximately 0.21% of Wingstop worth $25,814,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings 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 worth $1,071,473,000 after purchasing an additional 104,780 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Wingstop by 94.7% in the first quarter. Acadian Asset Management LLC now owns 2,303 shares of the restaurant operator's stock valued at $842,000 after acquiring an additional 1,120 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Wingstop by 27.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,723 shares of the restaurant operator's stock valued at $631,000 after acquiring an additional 369 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Wingstop during the first quarter worth about $2,264,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Wingstop by 23.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 20,063 shares of the restaurant operator's stock worth $7,342,000 after purchasing an additional 3,848 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on WING. BMO Capital Markets increased their price objective on Wingstop from $345.00 to $360.00 and gave the stock a "market perform" rating in a report on Thursday, August 1st. Truist Financial boosted their price target on shares of Wingstop from $407.00 to $423.00 and gave the company a "hold" rating in a research report on Thursday, August 1st. The Goldman Sachs Group upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $458.00 to $377.00 in a report on Friday, November 8th. Citigroup upped their target price on Wingstop from $417.00 to $440.00 and gave the stock a "neutral" rating in a report on Friday, October 4th. Finally, Northcoast Research upgraded Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 target price for the company in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Wingstop presently has an average rating of "Moderate Buy" and an average price target of $368.74.

Wingstop Stock Up 2.9 %

Shares of Wingstop stock traded up $9.15 on Monday, reaching $325.83. The company's stock had a trading volume of 232,718 shares, compared to its average volume of 462,193. Wingstop Inc. has a 52 week low of $227.54 and a 52 week high of $433.86. The firm's fifty day simple moving average is $376.42 and its two-hundred day simple moving average is $384.42. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 92.33, a P/E/G ratio of 2.95 and a beta of 1.76.

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 the consensus estimate of $0.97 by ($0.09). The business had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. Wingstop's quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, research analysts predict that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Dividend Announcement

The business 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 $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop's dividend payout ratio is currently 31.49%.

Wingstop 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.