87 Shares in Wingstop Inc. (NASDAQ:WING) Purchased by True Wealth Design LLC

True Wealth Design LLC purchased a new stake in Wingstop Inc. (NASDAQ:WING) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 87 shares of the restaurant operator’s stock, valued at approximately $36,000.

Several other institutional investors also recently bought and sold shares of WING. CWM LLC grew its stake in Wingstop by 206.6% during the 2nd quarter. CWM LLC now owns 2,287 shares of the restaurant operator’s stock valued at $967,000 after acquiring an additional 1,541 shares in the last quarter. Driehaus Capital Management LLC grew its position in shares of Wingstop by 4.1% in the second quarter. Driehaus Capital Management LLC now owns 193,307 shares of the restaurant operator’s stock valued at $81,703,000 after purchasing an additional 7,600 shares in the last quarter. Scientech Research LLC acquired a new stake in shares of Wingstop in the second quarter valued at approximately $2,249,000. Los Angeles Capital Management LLC purchased a new position in Wingstop during the third quarter worth approximately $5,010,000. Finally, Renaissance Technologies LLC lifted its position in Wingstop by 36.6% during the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock worth $254,860,000 after buying an additional 161,600 shares in the last quarter.

Analyst Upgrades and Downgrades

WING has been the subject of several analyst reports. TD Cowen dropped 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. Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a report on Friday, November 1st. The Goldman Sachs Group raised shares of Wingstop from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $458.00 to $377.00 in a research note on Friday, November 8th. Citigroup increased their price target on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Finally, Piper Sandler reduced their price target on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $368.74.

Wingstop Stock Performance

NASDAQ WING opened at $328.77 on Monday. Wingstop Inc. has a one year low of $238.06 and a one year high of $433.86. The firm has a 50 day simple moving average of $363.05 and a 200-day simple moving average of $380.53. The firm has a market cap of $9.60 billion, a price-to-earnings ratio of 95.85, a PEG ratio of 3.06 and a beta of 1.78.

Wingstop (NASDAQ:WING) last issued 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 analysts’ expectations of $160.24 million. During the same period in the prior year, the business earned $0.69 EPS. The business’s quarterly revenue was up 38.8% on a year-over-year basis. Equities analysts predict that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.33%. Wingstop’s dividend payout ratio (DPR) is 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.