12,041 Shares in Wingstop Inc. (NASDAQ:WING) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new position in shares of Wingstop Inc. (NASDAQ:WING) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,041 shares of the restaurant operator’s stock, valued at approximately $5,010,000.

Other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in Wingstop during the second quarter worth $27,000. Ashton Thomas Private Wealth LLC acquired a new position in Wingstop during the second quarter worth $34,000. Massmutual Trust Co. FSB ADV raised its holdings in Wingstop by 60.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after buying an additional 35 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in Wingstop by 60.6% during the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock worth $44,000 after buying an additional 40 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Wingstop by 384.6% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after buying an additional 100 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. TD Cowen lowered their price objective on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Barclays lowered their target price on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. BTIG Research upgraded 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. Benchmark upgraded shares of 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. Finally, BMO Capital Markets increased their target price on shares of Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Wingstop currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Trading Up 1.0 %

WING stock opened at $343.51 on Tuesday. The firm has a 50 day moving average of $379.68 and a 200-day moving average of $385.91. Wingstop Inc. has a 12 month low of $210.94 and a 12 month high of $433.86. The firm has a market capitalization of $10.03 billion, a P/E ratio of 100.15, a price-to-earnings-growth ratio of 3.17 and a beta of 1.76.

Wingstop (NASDAQ:WING) last released its quarterly earnings data 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 firm had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same quarter last year, the business posted $0.69 earnings per share. Wingstop’s revenue was up 38.8% compared to the same quarter last year. Sell-side analysts predict that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.31%. Wingstop’s dividend payout ratio (DPR) is currently 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.