8,772 Shares in Wingstop Inc. (NASDAQ:WING) Bought by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC purchased a new position in Wingstop Inc. (NASDAQ:WING) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,772 shares of the restaurant operator’s stock, valued at approximately $3,650,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WING. Millennium Management LLC lifted its stake in Wingstop by 284.1% in the second quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator’s stock worth $161,957,000 after acquiring an additional 283,412 shares during the period. Renaissance Technologies LLC lifted its stake in Wingstop by 36.6% in the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock worth $254,860,000 after acquiring an additional 161,600 shares during the period. AQR Capital Management LLC lifted its stake in Wingstop by 66.6% in the second quarter. AQR Capital Management LLC now owns 325,920 shares of the restaurant operator’s stock worth $137,753,000 after acquiring an additional 130,248 shares during the period. Vanguard Group Inc. raised its holdings in Wingstop by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock worth $1,071,473,000 after purchasing an additional 104,780 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Wingstop by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock worth $833,026,000 after purchasing an additional 101,917 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group upgraded Wingstop from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $458.00 to $377.00 in a report on Friday. Barclays decreased their price objective on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. BMO Capital Markets increased their price objective on Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Benchmark upgraded Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price objective for the company in a report on Thursday, October 31st. Finally, TD Cowen reduced their price target on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Wingstop presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.74.

Wingstop Stock Performance

Shares of NASDAQ:WING opened at $343.51 on Tuesday. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 100.15, a PEG ratio of 3.17 and a beta of 1.76. The stock’s 50-day simple moving average is $379.68 and its two-hundred day simple moving average is $385.91. Wingstop Inc. has a 52-week low of $210.94 and a 52-week high of $433.86.

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

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given 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 dividend yield of 0.31%. Wingstop’s payout ratio is currently 31.49%.

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.