RIA Advisory Group LLC Takes Position in Wingstop Inc. (NASDAQ:WING)

RIA Advisory Group LLC bought a new stake in shares of Wingstop Inc. (NASDAQ:WING) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,061 shares of the restaurant operator’s stock, valued at approximately $441,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CWM LLC boosted its holdings in shares of Wingstop by 206.6% in 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 during the period. Hancock Whitney Corp purchased a new stake in shares of Wingstop in the 1st quarter valued at approximately $1,696,000. Driehaus Capital Management LLC lifted its position in shares of Wingstop by 4.1% in 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 in the last quarter. Scientech Research LLC acquired a new position in Wingstop in the 2nd quarter worth approximately $2,249,000. Finally, Ontario Teachers Pension Plan Board grew its position in Wingstop by 22.6% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,420 shares of the restaurant operator’s stock worth $3,818,000 after purchasing an additional 1,921 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have commented on WING. Wedbush restated an “outperform” rating and issued a $390.00 target price on shares of Wingstop in a research note on Tuesday, November 5th. Barclays dropped their price target on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Benchmark upgraded Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price on the stock in a report on Thursday, October 31st. Piper Sandler reduced 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. Finally, Citigroup increased their price objective on Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Six equities 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.com, Wingstop presently has an average rating of “Moderate Buy” and an average price target of $368.74.

Wingstop Price Performance

WING stock opened at $316.68 on Friday. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 92.33, a P/E/G ratio of 3.08 and a beta of 1.76. The business has a fifty day moving average price of $376.42 and a 200 day moving average price of $384.42. 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 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). The company had revenue of $162.50 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. On average, equities analysts expect that Wingstop Inc. will post 3.68 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

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 issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Friday, November 15th. Wingstop’s dividend payout ratio is currently 31.49%.

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.