Wingstop Inc. (NASDAQ:WING) Position Increased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its stake in Wingstop Inc. (NASDAQ:WING) by 345.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,000 shares of the restaurant operator’s stock after buying an additional 38,000 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.17% of Wingstop worth $20,388,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of WING. Millennium Management LLC raised its position in shares of Wingstop by 284.1% during the second 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 during the period. FMR LLC raised its holdings in Wingstop by 984.7% during the 3rd quarter. FMR LLC now owns 217,946 shares of the restaurant operator’s stock worth $90,683,000 after buying an additional 197,853 shares during the period. Renaissance Technologies LLC lifted its stake in Wingstop by 36.6% during the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock valued at $254,860,000 after buying an additional 161,600 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Wingstop by 40.8% in the third quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator’s stock worth $193,630,000 after buying an additional 134,802 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Wingstop by 66.6% in the second quarter. AQR Capital Management LLC now owns 325,920 shares of the restaurant operator’s stock worth $137,753,000 after acquiring an additional 130,248 shares in the last quarter.

Wingstop Stock Performance

Shares of WING stock opened at $328.77 on Monday. The stock’s 50 day simple moving average is $363.05 and its 200 day simple moving average is $380.53. Wingstop Inc. has a twelve month low of $238.06 and a twelve month high of $433.86. The company has a market capitalization of $9.60 billion, a price-to-earnings ratio of 95.85, a PEG ratio of 3.06 and a beta of 1.78.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). The firm had revenue of $162.50 million during 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 company’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. On average, analysts forecast that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WING shares. Barclays reduced their price target on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group raised Wingstop from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $458.00 to $377.00 in a research report on Friday, November 8th. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a report on Friday, November 1st. TD Cowen reduced their price objective on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, BTIG Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price on the stock in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $368.74.

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.