Dynamic Technology Lab Private Ltd purchased a new position in Wingstop Inc (NASDAQ:WING) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,958 shares of the restaurant operator’s stock, valued at approximately $1,567,000. Dynamic Technology Lab Private Ltd owned about 0.08% of Wingstop at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Wingstop during the second quarter valued at $118,000. GWM Advisors LLC purchased a new stake in shares of Wingstop during the third quarter valued at $224,000. Janus Henderson Group PLC purchased a new stake in shares of Wingstop during the third quarter valued at $247,000. Navellier & Associates Inc purchased a new stake in shares of Wingstop during the second quarter valued at $260,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Wingstop by 46.4% during the third quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the restaurant operator’s stock valued at $280,000 after buying an additional 1,300 shares during the last quarter.
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lowered shares of Wingstop from an “overweight” rating to an “equal weight” rating and set a $69.00 price objective on the stock. in a report on Thursday, October 18th. They noted that the move was a valuation call. Gordon Haskett assumed coverage on shares of Wingstop in a report on Thursday, October 18th. They set a “buy” rating and a $81.00 price objective on the stock. Wedbush lowered shares of Wingstop from an “outperform” rating to a “neutral” rating and set a $74.00 price objective on the stock. in a report on Monday, October 22nd. They noted that the move was a valuation call. Barclays boosted their price objective on shares of Wingstop from $52.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 9th. Finally, Stifel Nicolaus lowered shares of Wingstop from a “buy” rating to a “hold” rating and dropped their price objective for the company from $80.00 to $75.00 in a report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $64.13.
NASDAQ WING opened at $61.43 on Friday. The firm has a market cap of $1.84 billion, a P/E ratio of 83.01, a price-to-earnings-growth ratio of 3.75 and a beta of 1.11. Wingstop Inc has a 1 year low of $37.50 and a 1 year high of $75.58.
Wingstop (NASDAQ:WING) last posted its earnings results on Monday, October 29th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $38.25 million during the quarter, compared to the consensus estimate of $38.02 million. Wingstop had a net margin of 21.14% and a negative return on equity of 21.61%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. Equities analysts anticipate that Wingstop Inc will post 0.86 EPS for the current fiscal year.
The firm also recently announced a special dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 26th were given a dividend of $3.05 per share. The ex-dividend date of this dividend was Friday, November 23rd. This represents a yield of 0.55%. Wingstop’s dividend payout ratio is presently 48.65%.
Wingstop Company Profile
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.
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