Swiss National Bank Sells 500 Shares of Wingstop Inc. (NASDAQ:WING)

Swiss National Bank trimmed its stake in Wingstop Inc. (NASDAQ:WING) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,300 shares of the restaurant operator’s stock after selling 500 shares during the period. Swiss National Bank owned 0.20% of Wingstop worth $23,841,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Claro Advisors LLC purchased a new stake in Wingstop in the 3rd quarter worth approximately $245,000. RIA Advisory Group LLC purchased a new position in Wingstop during the third quarter valued at approximately $441,000. Natixis Advisors LLC boosted its position in shares of Wingstop by 6.6% in the third quarter. Natixis Advisors LLC now owns 13,269 shares of the restaurant operator’s stock worth $5,521,000 after purchasing an additional 822 shares during the period. Empowered Funds LLC increased its stake in shares of Wingstop by 15.3% in the third quarter. Empowered Funds LLC now owns 17,074 shares of the restaurant operator’s stock worth $7,104,000 after purchasing an additional 2,263 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in shares of Wingstop by 9.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 686 shares of the restaurant operator’s stock valued at $285,000 after purchasing an additional 57 shares during the period.

Analyst Upgrades and Downgrades

WING has been the subject of several recent analyst reports. Benchmark raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price for the company in a report on Thursday, October 31st. BMO Capital Markets increased their target price on Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. TD Cowen lowered their price target on Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Barclays cut their price objective on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Raymond James raised shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Stock Performance

Shares of Wingstop stock opened at $337.37 on Friday. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 98.36, a price-to-earnings-growth ratio of 3.13 and a beta of 1.76. The stock has a 50 day moving average price of $372.44 and a 200-day moving average price of $382.99. Wingstop Inc. has a one year low of $229.27 and a one year high of $433.86.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data 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 firm had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $160.24 million. During the same period in the previous year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 38.8% compared to the same quarter last year. Sell-side analysts predict that Wingstop Inc. will post 3.68 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop’s dividend payout ratio (DPR) is currently 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.