Los Angeles Capital Management LLC Makes New Investment in Wingstop Inc. $WING

Los Angeles Capital Management LLC purchased a new stake in Wingstop Inc. (NASDAQ:WING) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,702 shares of the restaurant operator’s stock, valued at approximately $1,583,000.

Other large investors also recently made changes to their positions in the company. Freedom Investment Management Inc. lifted its position in Wingstop by 2.2% in the 2nd quarter. Freedom Investment Management Inc. now owns 1,371 shares of the restaurant operator’s stock valued at $462,000 after acquiring an additional 30 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Wingstop by 16.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 223 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 32 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Wingstop by 2.9% in the 2nd quarter. Wedmont Private Capital now owns 1,165 shares of the restaurant operator’s stock valued at $389,000 after purchasing an additional 33 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Wingstop by 22.3% in the second quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 33 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Wingstop by 0.5% in the second quarter. Harbor Capital Advisors Inc. now owns 6,569 shares of the restaurant operator’s stock valued at $2,212,000 after purchasing an additional 34 shares in the last quarter.

Wingstop Trading Up 0.5%

Wingstop stock opened at $239.11 on Wednesday. The stock’s 50 day moving average is $256.60 and its 200-day moving average is $302.00. Wingstop Inc. has a 12 month low of $204.00 and a 12 month high of $388.14. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 3.27 and a beta of 1.73.

Wingstop (NASDAQ:WING) last posted its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.The company had revenue of $175.74 million during the quarter, compared to the consensus estimate of $189.10 million. During the same quarter last year, the firm earned $0.88 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, November 21st. Wingstop’s dividend payout ratio (DPR) is 19.54%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WING shares. BTIG Research dropped their target price on Wingstop from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Wall Street Zen cut shares of Wingstop from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Mizuho raised shares of Wingstop to a “strong-buy” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group reduced their target price on shares of Wingstop from $370.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, Sanford C. Bernstein decreased their price target on Wingstop from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $335.96.

Wingstop 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.