Wingstop Inc. (NASDAQ:WING) Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC raised its position in Wingstop Inc. (NASDAQ:WING) by 33.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,679 shares of the restaurant operator’s stock after purchasing an additional 420 shares during the period. Pallas Capital Advisors LLC’s holdings in Wingstop were worth $699,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WING. Hollencrest Capital Management purchased a new position in shares of Wingstop in the second quarter worth about $27,000. Ashton Thomas Private Wealth LLC purchased a new position in Wingstop in the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of 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 purchasing an additional 35 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Wingstop by 60.6% in the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 40 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 100 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley upped their target price on Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, July 16th. Citigroup raised their price objective 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. BMO Capital Markets increased their price target on shares of Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Truist Financial lifted their price target on shares of Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, TD Cowen reiterated a “buy” rating and issued a $450.00 price objective on shares of Wingstop in a research report on Wednesday, July 31st. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $382.88.

Insider Buying and Selling at Wingstop

In related news, SVP Donnie Upshaw sold 3,199 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the sale, the senior vice president now directly owns 97 shares in the company, valued at approximately $36,152.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is owned by corporate insiders.

Wingstop Stock Down 21.4 %

NASDAQ:WING opened at $289.99 on Thursday. Wingstop Inc. has a 52 week low of $177.88 and a 52 week high of $433.86. The company has a fifty day simple moving average of $392.16 and a two-hundred day simple moving average of $388.27. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 103.20, a price-to-earnings-growth ratio of 3.41 and a beta of 1.71.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The firm had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $146.04 million. During the same period in the previous year, the firm posted $0.57 EPS. Wingstop’s revenue for the quarter was up 45.3% on a year-over-year basis. On average, analysts expect that Wingstop Inc. will post 3.81 EPS for the current year.

Wingstop 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.