Crossmark Global Holdings Inc. Acquires 352 Shares of Wingstop Inc. (NASDAQ:WING)

Crossmark Global Holdings Inc. increased its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 17.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,326 shares of the restaurant operator’s stock after acquiring an additional 352 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Wingstop were worth $968,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Hollencrest Capital Management acquired a new position in shares of Wingstop during the 2nd quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in Wingstop during the second quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV increased its stake 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 acquiring an additional 35 shares during the period. V Square Quantitative Management LLC raised its holdings in Wingstop by 60.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 40 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Wingstop by 384.6% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after acquiring an additional 100 shares during the period.

Wingstop Stock Performance

WING stock opened at $330.63 on Friday. The company has a market capitalization of $9.66 billion, a P/E ratio of 96.39, a PEG ratio of 3.15 and a beta of 1.76. The company has a fifty day moving average price of $377.33 and a 200-day moving average price of $384.90. Wingstop Inc. has a 52-week low of $219.89 and a 52-week high of $433.86.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) 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 the consensus estimate of $160.24 million. Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The firm’s revenue for the quarter 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 forecast that Wingstop Inc. will post 3.68 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop’s dividend payout ratio is currently 31.49%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays decreased their price target on Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Raymond James raised shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Thursday, August 1st. The Goldman Sachs Group raised shares of Wingstop from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $458.00 to $377.00 in a research note on Friday, November 8th. TD Cowen cut their target price on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Stephens decreased their price target on Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Wingstop has an average rating of “Moderate Buy” and an average 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.