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

Capstone Investment Advisors LLC lessened its holdings 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 fund owned 1,254 shares of the restaurant operator’s stock after selling 2,513 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Wingstop were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Fulton Bank N.A. increased its position in Wingstop by 5.0% in the 3rd quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator’s stock valued at $228,000 after acquiring an additional 26 shares during the period. CIBC Asset Management Inc increased its holdings in Wingstop by 3.7% in the second quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator’s stock valued at $347,000 after purchasing an additional 29 shares during the period. Dark Forest Capital Management LP raised its position in Wingstop by 4.3% during the 2nd quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator’s stock worth $318,000 after purchasing an additional 31 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after buying an additional 35 shares during the period. Finally, Hollencrest Capital Management grew its position in shares of Wingstop by 53.8% in the 3rd quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 35 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on WING. Piper Sandler cut their price objective on Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, November 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. Wedbush reaffirmed an “outperform” rating and issued a $390.00 price objective on shares of Wingstop in a research note on Tuesday, November 5th. TD Cowen lowered their target price on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a research report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Wingstop presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Stock Down 0.8 %

NASDAQ WING 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 business has a 50 day moving average price of $364.87 and a 200-day moving average price of $380.91. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 95.85, a P/E/G ratio of 3.09 and a beta of 1.76.

Wingstop (NASDAQ:WING) last announced its quarterly 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 net margin of 17.05% and a negative return on equity of 22.69%. The business had revenue of $162.50 million for the quarter, compared to the consensus estimate of $160.24 million. During the same quarter last year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. On average, equities research analysts anticipate that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently declared 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 yield of 0.33%. Wingstop’s dividend payout ratio (DPR) is currently 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.