8,519 Shares in Wingstop Inc. (NASDAQ:WING) Acquired by Conway Capital Management Inc.

Conway Capital Management Inc. purchased a new stake in Wingstop Inc. (NASDAQ:WING) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,519 shares of the restaurant operator’s stock, valued at approximately $3,544,000. Wingstop makes up approximately 1.7% of Conway Capital Management Inc.’s holdings, making the stock its 13th largest position.

Several other large investors have also modified their holdings of WING. Cetera Advisors LLC purchased a new position in shares of Wingstop in the first quarter worth approximately $307,000. SG Americas Securities LLC raised its stake in Wingstop by 177.0% during the 2nd quarter. SG Americas Securities LLC now owns 4,917 shares of the restaurant operator’s stock valued at $2,078,000 after purchasing an additional 3,142 shares during the period. Wedmont Private Capital lifted its holdings in shares of Wingstop by 20.9% in the second quarter. Wedmont Private Capital now owns 694 shares of the restaurant operator’s stock valued at $293,000 after purchasing an additional 120 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Wingstop by 14.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,294 shares of the restaurant operator’s stock worth $970,000 after buying an additional 287 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Wingstop during the second quarter valued at $6,354,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WING shares. Wedbush restated an “outperform” rating and set a $390.00 price objective on shares of Wingstop in a research report on Tuesday, November 5th. Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target for the company in a research report on Friday, November 1st. Citigroup boosted their price objective on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. The Goldman Sachs Group upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and cut their target price for the stock from $458.00 to $377.00 in a research report on Friday, November 8th. Finally, Benchmark raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price 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 issued a buy rating to the company. According to MarketBeat, Wingstop currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.74.

Wingstop Trading Down 3.4 %

Shares of WING stock opened at $328.54 on Tuesday. The firm has a market capitalization of $9.60 billion, a P/E ratio of 95.78, a price-to-earnings-growth ratio of 3.17 and a beta of 1.78. Wingstop Inc. has a 1 year low of $240.60 and a 1 year high of $433.86. The firm’s fifty day simple moving average is $352.33 and its 200 day simple moving average is $378.34.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.09). The company had revenue of $162.50 million for the quarter, compared to the consensus estimate of $160.24 million. Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. Equities research analysts anticipate 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 was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a $0.27 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.33%. Wingstop’s dividend payout ratio (DPR) is 31.49%.

Wingstop announced that its Board of Directors has authorized a stock buyback program on Thursday, December 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the restaurant operator to buy up to 5.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.