Los Angeles Capital Management LLC Acquires Shares of 4,702 Wingstop Inc. $WING

Los Angeles Capital Management LLC acquired a new stake in shares of Wingstop Inc. (NASDAQ:WING) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,702 shares of the restaurant operator’s stock, valued at approximately $1,583,000.

A number of other large investors have also recently modified their holdings of WING. T. Rowe Price Investment Management Inc. bought a new position in shares of Wingstop in the 1st quarter valued at $212,672,000. Price T Rowe Associates Inc. MD boosted its stake in Wingstop by 43.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator’s stock valued at $371,517,000 after buying an additional 496,717 shares in the last quarter. Champlain Investment Partners LLC grew its position in Wingstop by 130.7% in the first quarter. Champlain Investment Partners LLC now owns 631,989 shares of the restaurant operator’s stock valued at $142,564,000 after acquiring an additional 358,044 shares during the last quarter. AQR Capital Management LLC raised its stake in Wingstop by 64.4% during the first quarter. AQR Capital Management LLC now owns 550,879 shares of the restaurant operator’s stock worth $123,295,000 after acquiring an additional 215,816 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Wingstop in the first quarter worth about $36,393,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WING shares. Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Wednesday, November 5th. Zacks Research cut shares of Wingstop from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. TD Cowen lowered their price target on shares of Wingstop from $320.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $300.00 price target on shares of Wingstop in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus reduced their price objective on Wingstop from $375.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $335.96.

Wingstop Stock Performance

Shares of NASDAQ:WING opened at $239.11 on Wednesday. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $388.14. The firm has a market cap of $6.64 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 3.27 and a beta of 1.73. The firm’s fifty day moving average is $256.60 and its 200-day moving average is $302.00.

Wingstop (NASDAQ:WING) last announced its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.18. The business had revenue of $175.74 million during the quarter, compared to analyst estimates of $189.10 million. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.Wingstop’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. Sell-side analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, November 21st. Wingstop’s dividend payout ratio (DPR) is 19.54%.

Wingstop Company 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.