Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Wingstop Inc. (NASDAQ:WING)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Wingstop Inc. (NASDAQ:WING) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,331 shares of the restaurant operator’s stock, valued at approximately $1,802,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hollencrest Capital Management purchased a new position in shares of Wingstop during the 2nd quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Wingstop during the second quarter worth $34,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after buying an additional 35 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of 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 buying an additional 40 shares during the period. Finally, Blue Trust Inc. lifted its stake in Wingstop by 384.6% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after acquiring an additional 100 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barclays cut their price target on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group raised shares of Wingstop from a “neutral” rating to a “buy” rating and cut their target price for the stock from $458.00 to $377.00 in a research note on Friday, November 8th. Stephens reduced their target price on shares of Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Citigroup boosted their price target on shares of Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Finally, Piper Sandler reduced their price objective on Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Trading Down 0.8 %

WING stock opened at $328.77 on Monday. The stock has a market cap of $9.60 billion, a P/E ratio of 95.85, a PEG ratio of 3.06 and a beta of 1.76. Wingstop Inc. has a twelve month low of $238.06 and a twelve month high of $433.86. The company’s 50 day moving average is $363.05 and its two-hundred day moving average is $380.53.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS 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 company had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. Wingstop’s revenue was up 38.8% compared to the same quarter last year. On average, equities research analysts predict that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. Wingstop’s dividend payout ratio (DPR) is presently 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.