Wingstop Inc. (NASDAQ:WING) Position Reduced by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in Wingstop Inc. (NASDAQ:WING) by 28.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 202,555 shares of the restaurant operator’s stock after selling 79,612 shares during the period. Charles Schwab Investment Management Inc. owned about 0.69% of Wingstop worth $84,279,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Banco Santander S.A. acquired a new stake in shares of Wingstop in the third quarter worth $656,000. Navellier & Associates Inc. boosted its position in Wingstop by 234.5% during the 3rd quarter. Navellier & Associates Inc. now owns 9,938 shares of the restaurant operator’s stock worth $4,135,000 after acquiring an additional 6,967 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Wingstop by 7.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 647,677 shares of the restaurant operator’s stock valued at $269,485,000 after acquiring an additional 46,772 shares in the last quarter. King Luther Capital Management Corp increased its holdings in shares of Wingstop by 1.3% in the 3rd quarter. King Luther Capital Management Corp now owns 15,789 shares of the restaurant operator’s stock valued at $6,569,000 after purchasing an additional 197 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Wingstop by 6.9% in the third quarter. Advisors Asset Management Inc. now owns 7,954 shares of the restaurant operator’s stock worth $3,310,000 after purchasing an additional 511 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. TD Cowen lowered their price objective on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a research note on Friday, November 1st. The Goldman Sachs Group raised Wingstop from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $458.00 to $377.00 in a research report on Friday, November 8th. BMO Capital Markets upped 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. Finally, Citigroup lifted their price target on Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Price Performance

WING stock opened at $331.27 on Thursday. The company has a 50-day moving average of $368.31 and a two-hundred day moving average of $381.61. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 96.58, a price-to-earnings-growth ratio of 3.14 and a beta of 1.76. Wingstop Inc. has a 52-week low of $232.88 and a 52-week high of $433.86.

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). The business 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%. Wingstop’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. Equities analysts expect that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.08 annualized dividend and a dividend yield of 0.33%. Wingstop’s payout ratio is 31.49%.

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.