Wingstop Inc. (NASDAQ:WING) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 20.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 418,418 shares of the restaurant operator's stock after acquiring an additional 71,300 shares during the quarter. Two Sigma Advisers LP owned approximately 1.43% of Wingstop worth $174,095,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WING. Cetera Advisors LLC acquired a new position in shares of Wingstop in the 1st quarter valued at $307,000. GAMMA Investing LLC grew its position in Wingstop by 136.5% in the 2nd quarter. GAMMA Investing LLC now owns 272 shares of the restaurant operator's stock valued at $115,000 after buying an additional 157 shares during the last quarter. Park Avenue Securities LLC grew its position in Wingstop by 11.8% in the 2nd quarter. Park Avenue Securities LLC now owns 2,978 shares of the restaurant operator's stock valued at $1,259,000 after buying an additional 315 shares during the last quarter. CWM LLC grew its position in Wingstop by 206.6% in the 2nd quarter. CWM LLC now owns 2,287 shares of the restaurant operator's stock valued at $967,000 after buying an additional 1,541 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Wingstop by 177.0% in the 2nd quarter. SG Americas Securities LLC now owns 4,917 shares of the restaurant operator's stock valued at $2,078,000 after buying an additional 3,142 shares during the last quarter.

Wingstop Trading Up 1.2 %

Shares of NASDAQ:WING traded up $4.00 during midday trading on Friday, hitting $341.30. 341,161 shares of the stock were exchanged, compared to its average volume of 460,326. The stock has a market cap of $9.97 billion, a P/E ratio of 98.34, a PEG ratio of 3.14 and a beta of 1.78. Wingstop Inc. has a twelve month low of $240.60 and a twelve month high of $433.86. The company has a 50 day moving average price of $355.51 and a 200-day moving average price of $379.02.

Wingstop (NASDAQ:WING - Get Free Report) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share 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. During the same period in the previous year, the firm posted $0.69 EPS. The company's revenue for the quarter was up 38.8% compared to the same quarter last year. On average, equities research analysts expect that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop declared that its board has approved a share buyback plan on Thursday, December 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the restaurant operator to reacquire up to 5.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Wingstop Dividend Announcement

The business 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 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 dividend payout ratio is currently 31.49%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WING. Barclays lowered their price objective on shares of Wingstop from $470.00 to $380.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. BTIG Research upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 price objective on the stock in a research report on Thursday, October 31st. TD Cowen lowered their price objective on shares of Wingstop from $450.00 to $365.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Piper Sandler lowered their price objective on shares of Wingstop from $375.00 to $300.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. Finally, Citigroup boosted their target price on shares of Wingstop from $417.00 to $440.00 and gave the stock a "neutral" rating in a research report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $368.74.

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.