Landscape Capital Management L.L.C. Reduces Position in Wingstop Inc. (NASDAQ:WING)

Landscape Capital Management L.L.C. trimmed its stake in Wingstop Inc. (NASDAQ:WING) by 66.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,258 shares of the restaurant operator’s stock after selling 16,459 shares during the period. Landscape Capital Management L.L.C.’s holdings in Wingstop were worth $3,436,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. King Luther Capital Management Corp raised its stake in shares of Wingstop by 1.3% in the third quarter. King Luther Capital Management Corp now owns 15,789 shares of the restaurant operator’s stock worth $6,569,000 after buying an additional 197 shares during the period. Advisors Asset Management Inc. raised its stake in Wingstop by 6.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 7,954 shares of the restaurant operator’s stock worth $3,310,000 after acquiring an additional 511 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Wingstop during the third quarter valued at approximately $4,983,000. Avior Wealth Management LLC boosted its position in shares of Wingstop by 5.7% in the third quarter. Avior Wealth Management LLC now owns 1,174 shares of the restaurant operator’s stock worth $488,000 after purchasing an additional 63 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its stake in shares of Wingstop by 13.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 1,276 shares of the restaurant operator’s stock worth $531,000 after purchasing an additional 155 shares in the last quarter.

Wingstop Stock Down 0.7 %

NASDAQ WING opened at $333.21 on Thursday. Wingstop Inc. has a 52 week low of $229.27 and a 52 week high of $433.86. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 97.14, a PEG ratio of 3.13 and a beta of 1.76. The company has a fifty day moving average of $373.61 and a two-hundred day moving average of $383.31.

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

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 of this dividend is Friday, November 15th. Wingstop’s dividend payout ratio is currently 31.49%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Benchmark upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price on the stock in a research note on Thursday, October 31st. Stephens decreased their target price on Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Citigroup increased their price objective on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a report on Friday, October 4th. TD Cowen reduced 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. Finally, Wedbush restated an “outperform” rating and set a $390.00 target price on shares of Wingstop in a research report on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.