Dynamic Technology Lab Private Ltd Increases Stake in Wingstop Inc. (NASDAQ:WING)

Dynamic Technology Lab Private Ltd raised its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 21.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,192 shares of the restaurant operator’s stock after buying an additional 1,456 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Wingstop were worth $3,408,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. CWM LLC lifted its position in Wingstop by 206.6% during the second quarter. CWM LLC now owns 2,287 shares of the restaurant operator’s stock worth $967,000 after buying an additional 1,541 shares in the last quarter. Hancock Whitney Corp purchased a new position in shares of Wingstop during the 1st quarter worth $1,696,000. Driehaus Capital Management LLC boosted its position in shares of Wingstop by 4.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,307 shares of the restaurant operator’s stock valued at $81,703,000 after acquiring an additional 7,600 shares during the last quarter. Scientech Research LLC acquired a new position in shares of Wingstop during the 2nd quarter valued at about $2,249,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Wingstop in the third quarter valued at about $5,010,000.

Wingstop Price Performance

WING stock opened at $337.60 on Monday. The business’s 50-day moving average is $371.30 and its two-hundred day moving average is $382.40. The firm has a market capitalization of $9.86 billion, a P/E ratio of 98.43, a P/E/G ratio of 3.15 and a beta of 1.76. Wingstop Inc. has a 1 year low of $229.27 and a 1 year 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). The company had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $160.24 million. Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The firm’s quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, analysts expect that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Announces Dividend

The business 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 $0.27 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.32%. Wingstop’s dividend payout ratio is presently 31.49%.

Wall Street Analyst Weigh In

A number of brokerages have commented on WING. BTIG Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price on the stock in a research note on Thursday, October 31st. Piper Sandler decreased their price objective on Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Benchmark raised 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. BMO Capital Markets upped their price target on Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group raised Wingstop from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $458.00 to $377.00 in a research report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.