Wingstop Inc. (NASDAQ:WING) Shares Bought by Advisors Asset Management Inc.

by · The Cerbat Gem

Advisors Asset Management Inc. grew its stake in Wingstop Inc. (NASDAQ:WING – Free Report) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,954 shares of the restaurant operator’s stock after purchasing an additional 511 shares during the quarter. Advisors Asset Management Inc.’s holdings in Wingstop were worth $3,310,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of WING. Hollencrest Capital Management acquired a new stake in Wingstop during the second quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC bought a new position in Wingstop during the second quarter worth $34,000. Massmutual Trust Co. FSB ADV boosted its holdings in Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 35 shares during the period. V Square Quantitative Management LLC increased its stake in Wingstop by 60.6% during the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 40 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Wingstop by 384.6% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 100 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BTIG Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective for the company in a research report on Thursday, October 31st. Piper Sandler decreased their target price on Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Benchmark upgraded 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. Stephens reduced their price objective on Wingstop from $490.00 to $468.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Citigroup increased their target price on Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $368.74.

View Our Latest Stock Report on Wingstop

Wingstop Stock Performance

Shares of NASDAQ WING opened at $337.60 on Friday. Wingstop Inc. has a 1 year low of $229.27 and a 1 year high of $433.86. The firm has a market cap of $9.86 billion, a P/E ratio of 98.43, a PEG ratio of 3.13 and a beta of 1.76. The stock has a fifty day moving average price of $372.44 and a two-hundred day moving average price of $382.99.

Wingstop (NASDAQ:WING – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share 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 firm had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. During the same quarter last year, the company earned $0.69 EPS. The company’s quarterly revenue was up 38.8% compared to the same quarter last year. On average, research analysts predict that Wingstop Inc. will post 3.68 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 annualized dividend and a dividend yield of 0.32%. Wingstop’s dividend payout ratio is currently 31.49%.

About Wingstop

(Free Report)

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.

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