BNP Paribas Financial Markets increased its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 364.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,330 shares of the restaurant operator's stock after purchasing an additional 10,460 shares during the quarter. BNP Paribas Financial Markets' holdings in Wingstop were worth $5,546,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC grew its stake in Wingstop by 206.6% in the second quarter. CWM LLC now owns 2,287 shares of the restaurant operator's stock worth $967,000 after purchasing an additional 1,541 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Wingstop by 4.1% in the second quarter. Driehaus Capital Management LLC now owns 193,307 shares of the restaurant operator's stock worth $81,703,000 after purchasing an additional 7,600 shares in the last quarter. Scientech Research LLC bought a new position in Wingstop in the second quarter worth approximately $2,249,000. Los Angeles Capital Management LLC bought a new position in Wingstop in the third quarter worth approximately $5,010,000. Finally, Renaissance Technologies LLC grew its stake in Wingstop by 36.6% in the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator's stock worth $254,860,000 after purchasing an additional 161,600 shares in the last quarter.
Wingstop Stock Up 2.0 %
Shares of NASDAQ:WING traded up $6.67 during trading on Wednesday, reaching $334.22. 188,189 shares of the company's stock traded hands, compared to its average volume of 460,191. Wingstop Inc. has a fifty-two week low of $240.60 and a fifty-two week high of $433.86. The firm has a market cap of $9.76 billion, a PE ratio of 95.50, a P/E/G ratio of 3.03 and a beta of 1.78. The company has a 50-day simple moving average of $359.00 and a 200-day simple moving average of $379.60.
Wingstop (NASDAQ:WING - Get Free Report) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.09). Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The business had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. During the same quarter last year, the business earned $0.69 earnings per share. Wingstop's revenue was up 38.8% on a year-over-year basis. On average, equities research analysts forecast that Wingstop Inc. will post 3.68 EPS for the current year.
Wingstop Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given 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 of this dividend is Friday, November 15th. Wingstop's dividend payout ratio (DPR) is presently 31.49%.
Wall Street Analysts Forecast Growth
WING has been the topic of several recent research reports. Benchmark raised Wingstop from a "hold" rating to a "buy" rating and set a $340.00 target price on the stock in a research report on Thursday, October 31st. Barclays dropped their target price on 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 raised Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 target price on the stock in a research report on Thursday, October 31st. Northcoast Research raised Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 target price on the stock in a research report on Friday, November 1st. Finally, Citigroup increased their target price on Wingstop from $417.00 to $440.00 and gave the company a "neutral" rating in a research report on Friday, October 4th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $368.74.
View Our Latest Stock Report on WING
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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