Mesirow Financial Investment Management Inc. Invests $260,000 in Wingstop Inc. (NASDAQ:WING)

Mesirow Financial Investment Management Inc. purchased a new position in Wingstop Inc. (NASDAQ:WING) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 624 shares of the restaurant operator’s stock, valued at approximately $260,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM LLC raised its holdings in shares of Wingstop by 206.6% during the 2nd quarter. CWM LLC now owns 2,287 shares of the restaurant operator’s stock worth $967,000 after acquiring an additional 1,541 shares during the period. Hancock Whitney Corp acquired a new position in Wingstop in the 1st quarter valued at about $1,696,000. Driehaus Capital Management LLC grew its stake in shares of Wingstop by 4.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 193,307 shares of the restaurant operator’s stock valued at $81,703,000 after buying an additional 7,600 shares during the period. Scientech Research LLC acquired a new stake in shares of Wingstop during the 2nd quarter worth approximately $2,249,000. Finally, Ontario Teachers Pension Plan Board raised its position in shares of Wingstop by 22.6% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,420 shares of the restaurant operator’s stock valued at $3,818,000 after buying an additional 1,921 shares during the period.

Wingstop Stock Down 1.5 %

NASDAQ WING opened at $338.38 on Wednesday. Wingstop Inc. has a fifty-two week low of $210.94 and a fifty-two week high of $433.86. The business has a fifty day moving average of $378.99 and a 200-day moving average of $385.60. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 98.65, a price-to-earnings-growth ratio of 3.17 and a beta of 1.76.

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

Wingstop Dividend Announcement

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

Wall Street Analyst Weigh In

WING has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised Wingstop from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $458.00 to $377.00 in a research report on Friday, November 8th. Piper Sandler cut their price target on Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. TD Cowen decreased their target price on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Wedbush restated an “outperform” rating and issued a $390.00 price objective on shares of Wingstop in a research note on Tuesday, November 5th. Finally, Raymond James upgraded shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $368.74.

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.