RIA Advisory Group LLC Purchases New Stake in Wingstop Inc. (NASDAQ:WING)

RIA Advisory Group LLC acquired a new position in shares of Wingstop Inc. (NASDAQ:WING) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,061 shares of the restaurant operator’s stock, valued at approximately $441,000.

Other large investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its stake in shares of Wingstop by 6.6% during the third quarter. Natixis Advisors LLC now owns 13,269 shares of the restaurant operator’s stock worth $5,521,000 after buying an additional 822 shares during the last quarter. Empowered Funds LLC lifted its stake in Wingstop by 15.3% in the third quarter. Empowered Funds LLC now owns 17,074 shares of the restaurant operator’s stock valued at $7,104,000 after buying an additional 2,263 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in Wingstop by 9.1% during the third quarter. OneDigital Investment Advisors LLC now owns 686 shares of the restaurant operator’s stock worth $285,000 after buying an additional 57 shares during the last quarter. ING Groep NV acquired a new position in shares of Wingstop during the 3rd quarter worth about $6,532,000. Finally, KBC Group NV increased its stake in shares of Wingstop by 8.6% in the 3rd quarter. KBC Group NV now owns 757 shares of the restaurant operator’s stock valued at $315,000 after acquiring an additional 60 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WING. 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 research note on Friday, November 8th. Benchmark raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price for the company in a research note on Thursday, October 31st. Stephens dropped their price target on Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. TD Cowen dropped their target price on Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Wedbush reiterated an “outperform” rating and issued a $390.00 price objective on shares of Wingstop in a report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $368.74.

Wingstop Price Performance

WING stock opened at $316.68 on Friday. The business’s fifty day moving average price is $376.42 and its two-hundred day moving average price is $384.42. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 92.33, a PEG ratio of 3.08 and a beta of 1.76. Wingstop Inc. has a fifty-two week low of $223.30 and a fifty-two week high of $433.86.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. 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 firm earned $0.69 EPS. Wingstop’s revenue for the quarter was up 38.8% compared to the same quarter last year. Research analysts expect that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 0.34%. The ex-dividend date is Friday, November 15th. Wingstop’s dividend payout ratio is currently 31.49%.

About Wingstop

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.