Claro Advisors LLC Makes New $245,000 Investment in Wingstop Inc. (NASDAQ:WING)

Claro Advisors LLC purchased a new position in Wingstop Inc. (NASDAQ:WING) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 589 shares of the restaurant operator’s stock, valued at approximately $245,000.

A number of other large investors also recently bought and sold shares of WING. Vanguard Group Inc. lifted its position in shares of Wingstop by 3.7% during 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 during the last quarter. Acadian Asset Management LLC increased its position in Wingstop by 94.7% during the 1st quarter. Acadian Asset Management LLC now owns 2,303 shares of the restaurant operator’s stock valued at $842,000 after purchasing an additional 1,120 shares during the period. O Shaughnessy Asset Management LLC raised its holdings 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 in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Wingstop by 23.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 20,063 shares of the restaurant operator’s stock valued at $7,342,000 after purchasing an additional 3,848 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in Wingstop by 28.0% in the first quarter. Shell Asset Management Co. now owns 2,274 shares of the restaurant operator’s stock worth $833,000 after buying an additional 498 shares in the last quarter.

Wingstop Stock Up 2.7 %

NASDAQ:WING opened at $335.58 on Wednesday. The stock’s 50 day moving average price is $374.77 and its 200 day moving average price is $383.66. The company has a market capitalization of $9.80 billion, a PE ratio of 97.84, a P/E/G ratio of 2.95 and a beta of 1.76. Wingstop Inc. has a 52-week low of $227.54 and a 52-week high of $433.86.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 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 in the prior year, the company earned $0.69 earnings per share. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.32%. Wingstop’s dividend payout ratio is currently 31.49%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WING shares. Barclays reduced their price target on Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. BTIG Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective on the stock in a report on Thursday, October 31st. Citigroup lifted their target price on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. TD Cowen reduced their target price on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Piper Sandler dropped their price target on Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $368.74.

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.