Campbell & CO Investment Adviser LLC grew its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 12.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,656 shares of the restaurant operator’s stock after acquiring an additional 179 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Wingstop were worth $226,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. FDx Advisors Inc. acquired a new stake in Wingstop during the first quarter worth approximately $36,000. US Bancorp DE boosted its holdings in shares of Wingstop by 84.0% during the 2nd quarter. US Bancorp DE now owns 438 shares of the restaurant operator’s stock worth $61,000 after buying an additional 200 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Wingstop during the 2nd quarter worth approximately $63,000. IFP Advisors Inc increased its stake in shares of Wingstop by 358.5% in the 2nd quarter. IFP Advisors Inc now owns 917 shares of the restaurant operator’s stock valued at $124,000 after acquiring an additional 717 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Wingstop during the 2nd quarter valued at $195,000.
WING has been the subject of several research analyst reports. Goldman Sachs Group lifted their price target on shares of Wingstop from $124.00 to $170.00 and gave the company a “conviction-buy” rating in a research note on Thursday, July 30th. Piper Sandler boosted their target price on Wingstop from $143.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Northcoast Research lowered Wingstop from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. BidaskClub downgraded Wingstop from a “buy” rating to a “hold” rating in a report on Wednesday, September 9th. Finally, BTIG Research lowered Wingstop from a “buy” rating to a “neutral” rating in a research report on Thursday, July 9th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wingstop has a consensus rating of “Buy” and an average target price of $144.56.
WING opened at $129.91 on Friday. Wingstop Inc. has a fifty-two week low of $44.27 and a fifty-two week high of $170.00. The firm has a market capitalization of $3.85 billion, a P/E ratio of 135.32, a PEG ratio of 9.83 and a beta of 1.03. The company’s 50-day moving average is $140.13 and its 200 day moving average is $131.25.
Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.10. Wingstop had a net margin of 12.73% and a negative return on equity of 14.61%. The firm had revenue of $66.10 million during the quarter, compared to analyst estimates of $62.46 million. During the same quarter last year, the business posted $0.17 EPS. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. As a group, analysts predict that Wingstop Inc. will post 1.24 earnings per share for the current year.
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced and tossed in various flavors. As of June 30, 2020, the company operated and franchised 1,400 worldwide.
See Also: Trading signals using Bollinger bands
Want to see what other hedge funds are holding WING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wingstop Inc. (NASDAQ:WING).
Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.