Capstone Investment Advisors LLC Has $522,000 Position in Wingstop Inc. (NASDAQ:WING)

Capstone Investment Advisors LLC lessened its position in Wingstop Inc. (NASDAQ:WING) by 66.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,254 shares of the restaurant operator’s stock after selling 2,513 shares during the period. Capstone Investment Advisors LLC’s holdings in Wingstop were worth $522,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WING. Millennium Management LLC raised its stake in Wingstop by 284.1% in the 2nd quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator’s stock valued at $161,957,000 after acquiring an additional 283,412 shares during the period. FMR LLC raised its position in shares of Wingstop by 984.7% in the third quarter. FMR LLC now owns 217,946 shares of the restaurant operator’s stock valued at $90,683,000 after purchasing an additional 197,853 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Wingstop by 36.6% during the 2nd quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock worth $254,860,000 after buying an additional 161,600 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Wingstop by 40.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator’s stock worth $193,630,000 after buying an additional 134,802 shares during the period. Finally, AQR Capital Management LLC grew its stake in Wingstop by 66.6% in the 2nd quarter. AQR Capital Management LLC now owns 325,920 shares of the restaurant operator’s stock valued at $137,753,000 after buying an additional 130,248 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WING shares. Benchmark upgraded Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price objective for the company in a report on Thursday, October 31st. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target for the company in a research note on Friday, November 1st. Piper Sandler dropped their target price on Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Citigroup upped their price target on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $368.74.

Wingstop Stock Performance

Wingstop stock opened at $328.77 on Friday. Wingstop Inc. has a 52 week low of $238.06 and a 52 week high of $433.86. The stock has a market capitalization of $9.60 billion, a P/E ratio of 95.85, a price-to-earnings-growth ratio of 3.09 and a beta of 1.76. The stock has a fifty day moving average of $364.87 and a 200-day moving average of $380.91.

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

Wingstop Dividend Announcement

The business 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. The ex-dividend date is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. Wingstop’s payout ratio is presently 31.49%.

About Wingstop

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.