Jacobs Levy Equity Management Inc. Has $76.59 Million Stock Position in Wingstop Inc. (NASDAQ:WING)

Jacobs Levy Equity Management Inc. grew its position in Wingstop Inc. (NASDAQ:WING) by 392.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,068 shares of the restaurant operator’s stock after purchasing an additional 146,692 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.63% of Wingstop worth $76,587,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WING. Fulton Bank N.A. raised its holdings in Wingstop by 5.0% in the 3rd quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator’s stock valued at $228,000 after acquiring an additional 26 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Wingstop by 3.7% during the second quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator’s stock worth $347,000 after acquiring an additional 29 shares in the last quarter. Dark Forest Capital Management LP raised its stake in shares of Wingstop by 4.3% in the 2nd quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator’s stock valued at $318,000 after purchasing an additional 31 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of Wingstop by 60.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 35 shares during the period. Finally, Hollencrest Capital Management increased its position in shares of Wingstop by 53.8% in the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 35 shares during the last quarter.

Analysts Set New Price Targets

WING has been the subject of several recent research reports. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target for the company in a research note on Friday, November 1st. Citigroup lifted their price target on Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Piper Sandler lowered their price target on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Wedbush restated an “outperform” rating and set a $390.00 price target on shares of Wingstop in a research report on Tuesday, November 5th. Finally, BTIG Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price target for the company in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Stock Down 1.2 %

Shares of NASDAQ:WING opened at $324.84 on Tuesday. Wingstop Inc. has a 52-week low of $240.60 and a 52-week high of $433.86. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 94.71, a price-to-earnings-growth ratio of 3.06 and a beta of 1.78. The company has a 50 day moving average of $360.99 and a two-hundred day moving average of $380.02.

Wingstop (NASDAQ:WING) last released 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 firm had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. During the same period in the previous year, the firm earned $0.69 earnings per share. Wingstop’s revenue was up 38.8% on a year-over-year basis. On average, equities analysts anticipate that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Announces Dividend

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

About Wingstop

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.