Quantinno Capital Management LP Makes New Investment in Wingstop Inc. (NASDAQ:WING)

Quantinno Capital Management LP acquired a new stake in shares of Wingstop Inc. (NASDAQ:WING) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,327 shares of the restaurant operator’s stock, valued at approximately $552,000.

A number of other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its position in shares of Wingstop by 3.5% in the third quarter. Integrated Wealth Concepts LLC now owns 2,574 shares of the restaurant operator’s stock valued at $1,071,000 after acquiring an additional 88 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Wingstop by 392.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 184,068 shares of the restaurant operator’s stock valued at $76,587,000 after purchasing an additional 146,692 shares during the period. Centiva Capital LP purchased a new position in Wingstop in the 3rd quarter worth approximately $1,551,000. ClearAlpha Technologies LP boosted its stake in Wingstop by 91.7% in the 3rd quarter. ClearAlpha Technologies LP now owns 1,447 shares of the restaurant operator’s stock worth $602,000 after purchasing an additional 692 shares during the period. Finally, Benjamin Edwards Inc. bought a new position in shares of Wingstop during the third quarter worth $518,000.

Wingstop Trading Down 6.7 %

NASDAQ:WING opened at $301.33 on Friday. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 87.85, a price-to-earnings-growth ratio of 2.81 and a beta of 1.78. Wingstop Inc. has a twelve month low of $240.60 and a twelve month high of $433.86. The stock has a fifty day simple moving average of $344.52 and a 200-day simple moving average of $376.56.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 17.05% and a negative return on equity of 22.69%. The company’s quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 EPS. As a group, equities research analysts predict that Wingstop Inc. will post 3.67 EPS for the current fiscal year.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.36%. Wingstop’s payout ratio is currently 31.49%.

Wingstop declared that its Board of Directors has initiated a stock buyback program on Thursday, December 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the restaurant operator to repurchase up to 5.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on WING. Piper Sandler decreased their price target on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Barclays lowered their target price on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Benchmark upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target on the stock in a research report on Thursday, October 31st. TD Cowen lowered their price objective on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, BTIG Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price on the stock in a report 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $368.74.

Insider Buying and Selling at Wingstop

In other news, SVP Raj Kapoor sold 266 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $324.38, for a total transaction of $86,285.08. Following the transaction, the senior vice president now owns 266 shares of the company’s stock, valued at approximately $86,285.08. This represents a 50.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.

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.