Wingstop Inc. (NASDAQ:WING) Stock Position Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in shares of Wingstop Inc. (NASDAQ:WING) by 6.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,954 shares of the restaurant operator’s stock after purchasing an additional 511 shares during the period. Advisors Asset Management Inc.’s holdings in Wingstop were worth $3,310,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WING. Millennium Management LLC increased its stake in Wingstop by 284.1% in the 2nd quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator’s stock worth $161,957,000 after purchasing an additional 283,412 shares in the last quarter. Renaissance Technologies LLC increased its position 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 worth $254,860,000 after acquiring an additional 161,600 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of 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 acquiring an additional 130,248 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Wingstop by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock valued at $833,026,000 after acquiring an additional 101,917 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Wingstop by 41,244.9% in the 3rd quarter. International Assets Investment Management LLC now owns 65,325 shares of the restaurant operator’s stock worth $27,180,000 after purchasing an additional 65,167 shares during the period.

Wall Street Analyst Weigh In

WING has been the topic of several recent analyst reports. Benchmark upgraded Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price for the company in a report on Thursday, October 31st. BTIG Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective for the company in a research note 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 note on Friday, November 1st. Piper Sandler reduced their price target on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Finally, The Goldman Sachs Group raised shares of Wingstop from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $458.00 to $377.00 in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $368.74.

Wingstop Price Performance

Shares of NASDAQ:WING opened at $337.60 on Friday. The stock has a market capitalization of $9.86 billion, a P/E ratio of 98.43, a P/E/G ratio of 3.13 and a beta of 1.76. The business has a 50-day moving average of $372.44 and a two-hundred day moving average of $382.99. Wingstop Inc. has a fifty-two week low of $229.27 and a fifty-two week high of $433.86.

Wingstop (NASDAQ:WING) last announced its earnings results 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). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The company had revenue of $162.50 million for the quarter, compared to the consensus estimate of $160.24 million. During the same period in the previous year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year. As a group, research analysts expect that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a yield of 0.32%. Wingstop’s payout ratio is presently 31.49%.

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.