Parametrica Management Ltd Makes New $200,000 Investment in Wingstop Inc. (NASDAQ:WING)

Parametrica Management Ltd bought a new position in Wingstop Inc. (NASDAQ:WING) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 481 shares of the restaurant operator’s stock, valued at approximately $200,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Wingstop by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock worth $1,071,473,000 after purchasing an additional 104,780 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Wingstop by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock worth $833,026,000 after purchasing an additional 101,917 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Wingstop by 36.6% during the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock worth $254,860,000 after acquiring an additional 161,600 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Wingstop by 2.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 600,905 shares of the restaurant operator’s stock worth $253,979,000 after acquiring an additional 16,526 shares during the period. Finally, Millennium Management LLC raised its holdings 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 acquiring an additional 283,412 shares during the period.

Wingstop Trading Up 1.7 %

Shares of NASDAQ:WING traded up $5.76 on Wednesday, reaching $344.14. 55,247 shares of the company’s stock were exchanged, compared to its average volume of 460,137. The company has a fifty day moving average of $378.99 and a 200-day moving average of $385.60. Wingstop Inc. has a twelve month low of $215.69 and a twelve month high of $433.86. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 98.65, a PEG ratio of 3.20 and a beta of 1.76.

Wingstop (NASDAQ:WING) last announced 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 business had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. During the same quarter in the previous year, the company earned $0.69 EPS. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. As a group, equities research analysts forecast that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 dividend yield of 0.31%. The ex-dividend date is Friday, November 15th. Wingstop’s dividend payout ratio (DPR) is presently 31.49%.

Analyst Ratings Changes

A number of equities research analysts recently commented on WING shares. TD Cowen dropped 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. Truist Financial raised their price objective on shares of Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Northcoast Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective on the stock in a report on Friday, November 1st. Piper Sandler dropped their price objective 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. Finally, BTIG Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective on the stock in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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.