Wingstop Inc. (NASDAQ:WING) Shares Acquired by Eagle Asset Management Inc.

Eagle Asset Management Inc. grew its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 40.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 465,368 shares of the restaurant operator’s stock after buying an additional 134,802 shares during the quarter. Wingstop accounts for about 1.0% of Eagle Asset Management Inc.’s investment portfolio, making the stock its 12th largest holding. Eagle Asset Management Inc.’s holdings in Wingstop were worth $193,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in WING. Acadian Asset Management LLC grew its position in Wingstop by 94.7% in the 1st quarter. Acadian Asset Management LLC now owns 2,303 shares of the restaurant operator’s stock worth $842,000 after purchasing an additional 1,120 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in 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 acquiring an additional 369 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Wingstop by 23.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,063 shares of the restaurant operator’s stock valued at $7,342,000 after buying an additional 3,848 shares during the period. Shell Asset Management Co. raised its holdings in shares of Wingstop by 28.0% during the first quarter. Shell Asset Management Co. now owns 2,274 shares of the restaurant operator’s stock worth $833,000 after acquiring an additional 498 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Wingstop by 16.8% in the first quarter. Advisors Asset Management Inc. now owns 4,499 shares of the restaurant operator’s stock worth $1,648,000 after buying an additional 647 shares during the last quarter.

Wingstop Trading Up 1.2 %

NASDAQ:WING opened at $337.37 on Friday. The stock’s 50-day moving average is $372.44 and its 200-day moving average is $382.99. Wingstop Inc. has a 1-year low of $229.27 and a 1-year high of $433.86. The stock has a market cap of $9.85 billion, a P/E ratio of 98.36, a price-to-earnings-growth ratio of 3.13 and a beta of 1.76.

Wingstop (NASDAQ:WING) last announced 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 net margin of 17.05% and a negative return on equity of 22.69%. The business had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. During the same quarter last year, the company posted $0.69 earnings per share. The company’s revenue was up 38.8% compared to the same quarter last year. As a group, equities analysts forecast that Wingstop Inc. will post 3.68 EPS 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 given a dividend of $0.27 per share. 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 presently 31.49%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WING. Truist Financial upped their target price on Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Wedbush reiterated an “outperform” rating and issued a $390.00 price objective on shares of Wingstop in a research report on Tuesday, November 5th. Piper Sandler decreased their price target on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. The Goldman Sachs Group raised shares of Wingstop from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $458.00 to $377.00 in a report on Friday, November 8th. Finally, BMO Capital Markets raised their price target on shares of Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.