Thrivent Financial for Lutherans Decreases Stock Holdings in Wingstop Inc. (NASDAQ:WING)

Thrivent Financial for Lutherans lessened its stake in shares of Wingstop Inc. (NASDAQ:WING) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,146 shares of the restaurant operator’s stock after selling 212 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Wingstop were worth $2,973,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WING. Janus Henderson Group PLC boosted its position in Wingstop by 0.5% in the first quarter. Janus Henderson Group PLC now owns 16,442 shares of the restaurant operator’s stock worth $6,020,000 after purchasing an additional 81 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Wingstop by 1,272.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 20,648 shares of the restaurant operator’s stock valued at $7,565,000 after buying an additional 19,143 shares during the period. Tidal Investments LLC purchased a new stake in Wingstop during the first quarter valued at approximately $1,248,000. Hancock Whitney Corp bought a new position in Wingstop in the first quarter worth approximately $1,696,000. Finally, Comerica Bank boosted its stake in shares of Wingstop by 19.9% during the 1st quarter. Comerica Bank now owns 52,204 shares of the restaurant operator’s stock worth $19,128,000 after acquiring an additional 8,674 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $390.00 target price on shares of Wingstop in a report on Tuesday, November 5th. Barclays decreased their price objective on Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. TD Cowen cut their price objective on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $458.00 to $377.00 in a research note on Friday, November 8th. Finally, Citigroup upped their price target on shares of Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Price Performance

NASDAQ:WING opened at $338.79 on Wednesday. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 98.77, a PEG ratio of 3.15 and a beta of 1.76. Wingstop Inc. has a 1 year low of $229.27 and a 1 year high of $433.86. The stock’s 50 day simple moving average is $369.86 and its two-hundred day simple moving average is $381.97.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results 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). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The business had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same quarter in the prior year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 38.8% on a year-over-year basis. As a group, analysts anticipate that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop’s payout ratio is 31.49%.

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.