Quantbot Technologies LP Purchases 14,485 Shares of Wingstop Inc. (NASDAQ:WING)

Quantbot Technologies LP grew its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 209.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,394 shares of the restaurant operator’s stock after purchasing an additional 14,485 shares during the quarter. Quantbot Technologies LP owned about 0.07% of Wingstop worth $8,902,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of WING. O Shaughnessy Asset Management LLC raised its stake in shares of Wingstop by 27.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,723 shares of the restaurant operator’s stock valued at $631,000 after purchasing an additional 369 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Wingstop by 0.5% in the first quarter. Janus Henderson Group PLC now owns 16,442 shares of the restaurant operator’s stock worth $6,020,000 after buying an additional 81 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Wingstop by 1,272.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 20,648 shares of the restaurant operator’s stock valued at $7,565,000 after acquiring an additional 19,143 shares during the period. Tidal Investments LLC purchased a new position in Wingstop during the first quarter valued at approximately $1,248,000. Finally, Hancock Whitney Corp bought a new stake in Wingstop during the 1st quarter worth approximately $1,696,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on WING shares. Truist Financial boosted their price target on shares of Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. TD Cowen reduced their target price on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Barclays lowered their price target on Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. BTIG Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective for the company in a report on Thursday, October 31st. Finally, Citigroup upped their price objective on shares of Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Wingstop presently has an average rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Trading Down 0.1 %

Shares of NASDAQ:WING opened at $337.16 on Tuesday. Wingstop Inc. has a 12-month low of $229.27 and a 12-month high of $433.86. The stock’s 50-day moving average price is $369.86 and its 200-day moving average price is $381.97. The stock has a market capitalization of $9.85 billion, a P/E ratio of 98.30, a price-to-earnings-growth ratio of 3.15 and a beta of 1.76.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results 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). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The company had revenue of $162.50 million for the quarter, compared to the consensus estimate of $160.24 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. Wingstop’s revenue was up 38.8% compared to the same quarter last year. As a group, research analysts predict that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a yield of 0.32%. Wingstop’s dividend payout ratio 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.