Parametrica Management Ltd Takes Position in Wingstop Inc. (NASDAQ:WING)

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

Several other large investors have also recently modified their holdings of WING. Hollencrest Capital Management acquired a new stake in shares of Wingstop during the second quarter worth $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Wingstop during the second quarter worth $34,000. Massmutual Trust Co. FSB ADV increased its position in shares of Wingstop by 60.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after buying an additional 35 shares during the period. V Square Quantitative Management LLC increased its position in shares of Wingstop by 60.6% during the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock worth $44,000 after buying an additional 40 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Wingstop by 384.6% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after buying an additional 100 shares during the period.

Wingstop Stock Up 1.7 %

WING traded up $5.76 during midday trading on Wednesday, hitting $344.14. 55,247 shares of the company traded hands, compared to its average volume of 460,137. The firm has a market capitalization of $10.05 billion, a PE ratio of 98.65, a price-to-earnings-growth ratio of 3.20 and a beta of 1.76. The company’s 50-day moving average is $378.99 and its 200 day moving average is $385.60. Wingstop Inc. has a 52 week low of $215.69 and a 52 week high of $433.86.

Wingstop (NASDAQ:WING) last posted its 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). The company had revenue of $162.50 million for the quarter, compared to the consensus estimate of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. Wingstop’s revenue was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. On average, sell-side analysts predict that Wingstop Inc. will post 3.68 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.31%. The ex-dividend date is Friday, November 15th. Wingstop’s dividend payout ratio is currently 31.49%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WING. Benchmark upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price objective for the company in a research report on Thursday, October 31st. Barclays reduced their price target on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Raymond James upgraded shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Thursday, August 1st. Citigroup raised their price target on shares of Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Finally, The Goldman Sachs Group upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $458.00 to $377.00 in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $368.74.

Wingstop 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.