Two Sigma Advisers LP Boosts Stake in Wingstop Inc. (NASDAQ:WING)

Two Sigma Advisers LP grew its stake in shares of Wingstop Inc. (NASDAQ:WING) by 20.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 418,418 shares of the restaurant operator’s stock after buying an additional 71,300 shares during the period. Two Sigma Advisers LP’s holdings in Wingstop were worth $174,095,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cetera Advisors LLC purchased a new position in shares of Wingstop during the first quarter valued at approximately $307,000. GAMMA Investing LLC lifted its stake in shares of Wingstop by 136.5% during the 2nd quarter. GAMMA Investing LLC now owns 272 shares of the restaurant operator’s stock worth $115,000 after purchasing an additional 157 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Wingstop by 11.8% during the second quarter. Park Avenue Securities LLC now owns 2,978 shares of the restaurant operator’s stock worth $1,259,000 after purchasing an additional 315 shares during the last quarter. CWM LLC grew its position in shares of Wingstop by 206.6% in the second quarter. CWM LLC now owns 2,287 shares of the restaurant operator’s stock valued at $967,000 after purchasing an additional 1,541 shares during the period. Finally, SG Americas Securities LLC increased its stake in Wingstop by 177.0% in the second quarter. SG Americas Securities LLC now owns 4,917 shares of the restaurant operator’s stock valued at $2,078,000 after purchasing an additional 3,142 shares during the last quarter.

Wingstop Stock Up 0.0 %

WING stock opened at $337.30 on Friday. The company has a market capitalization of $9.85 billion, a PE ratio of 98.34, a P/E/G ratio of 3.14 and a beta of 1.78. The stock’s 50 day moving average is $355.51 and its two-hundred day moving average is $379.02. Wingstop Inc. has a 52-week low of $240.60 and a 52-week high of $433.86.

Wingstop (NASDAQ:WING) 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). The company had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. Wingstop’s revenue was up 38.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. As a group, sell-side analysts anticipate that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop declared that its board has approved a share repurchase program on Thursday, December 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wingstop Announces Dividend

The company also recently disclosed 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. This represents a $1.08 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop’s payout ratio is currently 31.49%.

Analysts Set New Price Targets

WING has been the subject of several recent analyst reports. BTIG Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price target for the company in a report on Thursday, October 31st. Barclays dropped their price target on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Wedbush reissued an “outperform” rating and set a $390.00 price objective on shares of Wingstop in a research note on Tuesday, November 5th. Piper Sandler cut their target price on Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Finally, Citigroup lifted their target price on Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.74.

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.