Wingstop Inc. (NASDAQ:WING) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. grew its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 5.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,351 shares of the restaurant operator’s stock after purchasing an additional 787 shares during the period. Edgestream Partners L.P. owned approximately 0.06% of Wingstop worth $6,803,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WING. Hollencrest Capital Management bought a new position in Wingstop in the 2nd quarter valued at about $27,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Wingstop during the second quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV increased its stake 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 valued at $39,000 after acquiring an additional 35 shares during the period. V Square Quantitative Management LLC raised its holdings in 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 purchasing an additional 40 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 100 shares during the period.

Analyst Upgrades and Downgrades

WING has been the topic of several research analyst reports. Benchmark raised Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price objective on the stock in a research note on Thursday, October 31st. TD Cowen dropped their price target on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Piper Sandler reduced their price objective on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Citigroup boosted their target price 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, Wedbush reissued an “outperform” rating and set a $390.00 target price on shares of Wingstop in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Wingstop presently has an average rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Stock Down 0.8 %

Shares of NASDAQ:WING opened at $328.77 on Friday. The firm has a fifty day moving average of $364.87 and a two-hundred day moving average of $380.91. Wingstop Inc. has a 12-month low of $238.06 and a 12-month high of $433.86. The firm has a market capitalization of $9.60 billion, a P/E ratio of 95.85, a price-to-earnings-growth ratio of 3.09 and a beta of 1.76.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). The firm had revenue of $162.50 million during 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%. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. Equities research analysts expect that Wingstop Inc. will post 3.68 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm 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 $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop’s dividend payout ratio (DPR) is presently 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.