1,793 Shares in Wingstop Inc. (NASDAQ:WING) Bought by Paloma Partners Management Co

Paloma Partners Management Co bought a new position in Wingstop Inc. (NASDAQ:WING) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,793 shares of the restaurant operator’s stock, valued at approximately $746,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC grew its stake in shares of Wingstop by 206.6% during the 2nd quarter. CWM LLC now owns 2,287 shares of the restaurant operator’s stock worth $967,000 after purchasing an additional 1,541 shares during the period. Driehaus Capital Management LLC lifted its position in shares of Wingstop by 4.1% during 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 during the period. Scientech Research LLC purchased a new stake in shares of Wingstop during the 2nd quarter worth approximately $2,249,000. Los Angeles Capital Management LLC acquired a new stake in shares of Wingstop in the 3rd quarter worth approximately $5,010,000. Finally, Renaissance Technologies LLC increased its stake in Wingstop by 36.6% in the 2nd quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock valued at $254,860,000 after purchasing an additional 161,600 shares in the last quarter.

Analyst Ratings Changes

WING has been the subject of several research reports. Benchmark raised Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target for the company in a research note on Thursday, October 31st. Citigroup upped their price target on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Stephens dropped their price objective on shares of Wingstop from $490.00 to $468.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group raised Wingstop from a “neutral” rating to a “buy” rating and reduced their target price for the company from $458.00 to $377.00 in a research note on Friday, November 8th. Finally, Wedbush reissued an “outperform” rating and set a $390.00 price target on shares of Wingstop in a research report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $368.74.

Wingstop Stock Performance

Shares of NASDAQ WING opened at $327.55 on Wednesday. Wingstop Inc. has a 1 year low of $240.60 and a 1 year high of $433.86. The stock’s 50-day simple moving average is $360.99 and its 200-day simple moving average is $380.02. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 95.50, a PEG ratio of 3.03 and a beta of 1.78.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). The business had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 earnings per share. As a group, research analysts predict that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid 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.