Algert Global LLC Sells 265 Shares of Wingstop Inc. (NASDAQ:WING)

Algert Global LLC reduced its position in Wingstop Inc. (NASDAQ:WING) by 1.0% in the third quarter, Holdings Channel.com reports. The firm owned 25,002 shares of the restaurant operator’s stock after selling 265 shares during the quarter. Algert Global LLC’s holdings in Wingstop were worth $10,403,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Fulton Bank N.A. lifted its position in Wingstop by 5.0% in the 3rd quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator’s stock worth $228,000 after buying an additional 26 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Wingstop by 3.7% in the 2nd quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator’s stock worth $347,000 after acquiring an additional 29 shares during the last quarter. Dark Forest Capital Management LP boosted its stake in shares of Wingstop by 4.3% in the 2nd quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator’s stock valued at $318,000 after purchasing an additional 31 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 35 shares during the last quarter. Finally, Hollencrest Capital Management grew its holdings in shares of Wingstop by 53.8% during the 3rd quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 35 shares during the last quarter.

Wingstop Price Performance

WING stock opened at $337.60 on Friday. The stock has a market capitalization of $9.86 billion, a P/E ratio of 98.43, a P/E/G ratio of 3.15 and a beta of 1.76. Wingstop Inc. has a 1-year low of $229.27 and a 1-year high of $433.86. The business has a fifty day moving average price of $372.44 and a 200-day moving average price of $382.99.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share 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 during the quarter, compared to analysts’ expectations of $160.24 million. During the same period last year, the firm posted $0.69 EPS. Wingstop’s quarterly revenue was up 38.8% compared to the same quarter last year. As a group, analysts anticipate that Wingstop Inc. will post 3.68 earnings per share for the current 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 paid 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 0.32%. Wingstop’s dividend payout ratio (DPR) is currently 31.49%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup upped their price target 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. Raymond James upgraded Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a report on Thursday, August 1st. Piper Sandler decreased their price target on Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a research report on Friday, November 1st. Finally, 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 report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Wingstop presently has an average rating of “Moderate Buy” and a consensus price target of $368.74.

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.