Caisse DE Depot ET Placement DU Quebec Purchases 38,000 Shares of Wingstop Inc. (NASDAQ:WING)

Caisse DE Depot ET Placement DU Quebec raised its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 345.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,000 shares of the restaurant operator's stock after acquiring an additional 38,000 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.17% of Wingstop worth $20,388,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its position in shares of Wingstop by 7.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 647,677 shares of the restaurant operator's stock worth $269,485,000 after buying an additional 46,772 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Wingstop by 36.6% in the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator's stock valued at $254,860,000 after purchasing an additional 161,600 shares in the last quarter. Eagle Asset Management Inc. increased its position in Wingstop by 40.8% in the third quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator's stock worth $193,630,000 after purchasing an additional 134,802 shares during the last quarter. Millennium Management LLC raised 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 valued at $161,957,000 after purchasing an additional 283,412 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Wingstop by 66.6% during the second quarter. AQR Capital Management LLC now owns 325,920 shares of the restaurant operator's stock valued at $137,753,000 after purchasing an additional 130,248 shares during the last quarter.

Wingstop Stock Performance

Wingstop stock traded down $3.93 during midday trading on Monday, hitting $324.84. 530,621 shares of the company's stock were exchanged, compared to its average volume of 461,791. The company has a market cap of $9.49 billion, a PE ratio of 95.85, a P/E/G ratio of 3.06 and a beta of 1.78. The firm has a 50-day moving average of $363.05 and a two-hundred day moving average of $380.47. Wingstop Inc. has a 12 month low of $240.60 and a 12 month 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.09). The business had revenue of $162.50 million for 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%. Wingstop's revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 earnings per share. As a group, equities analysts expect that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. Wingstop's dividend payout ratio is presently 31.49%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WING shares. The Goldman Sachs Group upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and decreased their target price for the company from $458.00 to $377.00 in a research report on Friday, November 8th. Citigroup lifted 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. Piper Sandler lowered their price target on Wingstop from $375.00 to $300.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Wedbush reiterated an "outperform" rating and set a $390.00 price objective on shares of Wingstop in a research report on Tuesday, November 5th. Finally, TD Cowen lowered their target price on shares of Wingstop from $450.00 to $365.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Six investment 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 stock has an average rating of "Moderate Buy" and an average price target of $368.74.

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.