Wingstop Inc. (NASDAQ:WING) Shares Acquired by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. raised its stake in shares of Wingstop Inc. (NASDAQ:WING) by 100.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 490 shares of the restaurant operator’s stock after purchasing an additional 245 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Wingstop were worth $204,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund acquired a new position in Wingstop during the 1st quarter valued at approximately $1,355,000. CWM LLC increased 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 purchasing an additional 1,541 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Wingstop by 1,308.1% in the first quarter. BNP Paribas Financial Markets now owns 24,951 shares of the restaurant operator’s stock worth $9,142,000 after acquiring an additional 23,179 shares during the period. Hancock Whitney Corp acquired a new stake in shares of Wingstop in the first quarter worth $1,696,000. Finally, Driehaus Capital Management LLC increased its stake 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 worth $81,703,000 after acquiring an additional 7,600 shares during the period.

Wingstop Trading Up 3.9 %

NASDAQ:WING opened at $308.77 on Wednesday. The company’s 50-day moving average price is $385.96 and its 200-day moving average price is $387.03. The company has a market cap of $9.02 billion, a P/E ratio of 90.02, a P/E/G ratio of 2.74 and a beta of 1.76. Wingstop Inc. has a twelve month low of $204.01 and a twelve month high of $433.86.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The firm had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $160.24 million. During the same period last year, the firm earned $0.69 earnings per share. Wingstop’s revenue for the quarter was up 38.8% on a year-over-year basis. On average, analysts expect that Wingstop Inc. will post 3.72 earnings per share for the current year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop’s dividend payout ratio (DPR) is presently 31.49%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WING. Citigroup increased their price objective on shares of Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. 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 report on Thursday, October 31st. Benchmark upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target on the stock in a research report on Thursday, October 31st. Raymond James upgraded shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Thursday, August 1st. Finally, Wedbush restated an “outperform” rating and set a $390.00 price target on shares of Wingstop in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $373.00.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the completion of the sale, the senior vice president now directly owns 97 shares in the company, valued at $36,152.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.36% of the company’s stock.

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.