Intech Investment Management LLC Has $4.27 Million Stake in Wingstop Inc. (NASDAQ:WING)

Intech Investment Management LLC lowered its stake in shares of Wingstop Inc. (NASDAQ:WING) by 27.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,268 shares of the restaurant operator’s stock after selling 3,901 shares during the period. Intech Investment Management LLC’s holdings in Wingstop were worth $4,272,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in WING. Hollencrest Capital Management bought a new position in Wingstop during the second quarter valued at about $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Wingstop during the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV increased its position in shares of Wingstop by 60.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 35 shares during the period. V Square Quantitative Management LLC increased its position in shares of 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 period. Finally, Blue Trust Inc. raised its stake in shares of Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 100 shares in the last quarter.

Wingstop Stock Performance

NASDAQ:WING opened at $337.60 on Friday. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 98.43, a P/E/G ratio of 3.15 and a beta of 1.76. The stock’s fifty day moving average price is $372.44 and its two-hundred day moving average price is $382.99. Wingstop Inc. has a 52-week low of $229.27 and a 52-week high of $433.86.

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

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a yield of 0.32%. Wingstop’s payout ratio is presently 31.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WING shares. BMO Capital Markets increased their price objective on shares of Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. The Goldman Sachs Group upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and cut their price target for the stock from $458.00 to $377.00 in a research note on Friday, November 8th. Truist Financial increased their target price on Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Stephens dropped their price objective on Wingstop from $490.00 to $468.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Raymond James raised shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $368.74.

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.