13,451 Shares in Wingstop Inc. $WING Acquired by Quantitative Investment Management LLC

Quantitative Investment Management LLC purchased a new stake in Wingstop Inc. (NASDAQ:WING) during the 3rd quarter, HoldingsChannel reports. The fund purchased 13,451 shares of the restaurant operator’s stock, valued at approximately $3,385,000.

Other large investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its stake in Wingstop by 1,650.0% during the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Wingstop by 54.3% during the third quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 50 shares during the period. Pinnacle Holdings LLC acquired a new stake in shares of Wingstop in the 3rd quarter valued at $47,000. Geneos Wealth Management Inc. grew its holdings in shares of Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 119 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Wingstop by 75.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 204 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 88 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WING. DA Davidson assumed coverage on shares of Wingstop in a report on Friday, March 6th. They set a “buy” rating and a $330.00 price target for the company. BTIG Research reaffirmed a “buy” rating and set a $400.00 price objective on shares of Wingstop in a research note on Thursday, February 19th. Stifel Nicolaus upped their price objective on shares of Wingstop from $290.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Morgan Stanley cut their target price on shares of Wingstop from $363.00 to $345.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Finally, Citigroup boosted their target price on Wingstop from $267.00 to $286.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $337.29.

Insider Buying and Selling at Wingstop

In other news, Director Wesley S. Mcdonald sold 566 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $250.00, for a total transaction of $141,500.00. Following the completion of the sale, the director owned 4,375 shares in the company, valued at $1,093,750. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kilandigalu Madati sold 2,700 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total value of $703,971.00. Following the transaction, the director directly owned 2,583 shares in the company, valued at $673,465.59. This trade represents a 51.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.72% of the stock is currently owned by corporate insiders.

Wingstop Stock Down 7.5%

Shares of NASDAQ:WING opened at $193.11 on Friday. Wingstop Inc. has a 12 month low of $192.87 and a 12 month high of $388.14. The company’s 50-day moving average price is $257.02 and its two-hundred day moving average price is $258.09. The firm has a market cap of $5.31 billion, a P/E ratio of 31.25, a P/E/G ratio of 2.28 and a beta of 1.82.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.16. Wingstop had a net margin of 25.01% and a negative return on equity of 16.12%. The firm had revenue of $175.69 million during the quarter, compared to analysts’ expectations of $177.74 million. During the same quarter last year, the company posted $0.92 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, March 6th. Wingstop’s payout ratio is 19.42%.

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.