Quantbot Technologies LP Increases Stake in Wingstop Inc. (NASDAQ:WING)

Quantbot Technologies LP raised its position in shares of Wingstop Inc. (NASDAQ:WING) by 209.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,394 shares of the restaurant operator’s stock after acquiring an additional 14,485 shares during the period. Quantbot Technologies LP’s holdings in Wingstop were worth $8,902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its stake in shares of Wingstop by 27.3% in 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 position in Wingstop by 0.5% during the first quarter. Janus Henderson Group PLC now owns 16,442 shares of the restaurant operator’s stock valued at $6,020,000 after buying an additional 81 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Wingstop by 1,272.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 20,648 shares of the restaurant operator’s stock valued at $7,565,000 after buying an additional 19,143 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Wingstop in the 1st quarter worth about $1,248,000. Finally, Hancock Whitney Corp bought a new position in shares of Wingstop in the 1st quarter worth about $1,696,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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 research note on Thursday, October 31st. Wedbush restated an “outperform” rating and issued a $390.00 price target on shares of Wingstop in a research note on Tuesday, November 5th. BTIG Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective for the company in a research note on Thursday, October 31st. Truist Financial boosted their target price on Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Barclays reduced their price target on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $368.74.

Wingstop Stock Down 0.1 %

WING opened at $337.16 on Tuesday. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 98.30, a PEG ratio of 3.15 and a beta of 1.76. The firm has a 50 day moving average price of $369.86 and a 200-day moving average price of $381.97. Wingstop Inc. has a twelve month low of $229.27 and a twelve month high of $433.86.

Wingstop (NASDAQ:WING) last announced 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). The company had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. Wingstop’s quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. As a group, analysts expect that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Dividend Announcement

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