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Worldquant Millennium Advisors LLC Acquires Shares of 4,311 Wingstop Inc. (NASDAQ:WING)

Wingstop logo with Retail/Wholesale background

Worldquant Millennium Advisors LLC acquired a new stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 4,311 shares of the restaurant operator's stock, valued at approximately $1,794,000.

Other institutional investors have also added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in Wingstop during the 2nd quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Wingstop in the second quarter valued at $34,000. True Wealth Design LLC purchased a new position in shares of Wingstop in the third quarter valued at $36,000. V Square Quantitative Management LLC grew its holdings in shares of Wingstop by 60.6% in the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator's stock valued at $44,000 after purchasing an additional 40 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock valued at $53,000 after purchasing an additional 100 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WING. BTIG Research raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 target price for the company in a report on Thursday, October 31st. 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. TD Cowen lowered their price target on Wingstop from $450.00 to $365.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Benchmark upgraded Wingstop from a "hold" rating to a "buy" rating and set a $340.00 price target for the company in a research report on Thursday, October 31st. Finally, Barclays lowered their price target on Wingstop from $470.00 to $380.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Wingstop currently has an average rating of "Moderate Buy" and a consensus price target of $368.74.

View Our Latest Stock Analysis on WING

Wingstop Stock Down 3.4 %

Shares of WING stock traded down $11.55 during mid-day trading on Monday, hitting $328.54. 461,796 shares of the stock were exchanged, compared to its average volume of 461,070. The firm has a fifty day moving average of $354.08 and a 200 day moving average of $378.71. Wingstop Inc. has a 52-week low of $240.60 and a 52-week high of $433.86. The company has a market cap of $9.60 billion, a PE ratio of 95.78, a price-to-earnings-growth ratio of 3.17 and a beta of 1.78.

Wingstop (NASDAQ:WING - Get Free Report) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The firm had revenue of $162.50 million for the quarter, compared to analysts' expectations of $160.24 million. During the same period in the previous year, the company earned $0.69 earnings per share. The company's revenue was up 38.8% compared to the same quarter last year. Equities analysts predict that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Dividend Announcement

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

Wingstop declared that its Board of Directors has authorized a share buyback plan on Thursday, December 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

About Wingstop

(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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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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