Wingstop Inc. (NASDAQ:WING) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in Wingstop Inc. (NASDAQ:WING) by 28.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,770 shares of the restaurant operator’s stock after buying an additional 620 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Wingstop were worth $1,153,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Hollencrest Capital Management purchased a new stake in Wingstop during the 2nd quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Wingstop in the 2nd quarter valued at $34,000. Massmutual Trust Co. FSB ADV raised its stake in Wingstop by 60.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 35 shares during the last quarter. V Square Quantitative Management LLC lifted its position in Wingstop by 60.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 40 shares during the period. Finally, Blue Trust Inc. lifted its position in Wingstop by 384.6% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after acquiring an additional 100 shares during the period.

Wingstop Stock Performance

NASDAQ WING opened at $335.58 on Wednesday. Wingstop Inc. has a one year low of $227.54 and a one year high of $433.86. The company has a 50-day simple moving average of $374.77 and a 200-day simple moving average of $383.66. The firm has a market capitalization of $9.80 billion, a PE ratio of 97.84, a price-to-earnings-growth ratio of 2.95 and a beta of 1.76.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data 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 the consensus estimate of $160.24 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was up 38.8% compared to the same quarter last year. Equities analysts forecast that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Dividend Announcement

The company 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Friday, November 15th. Wingstop’s dividend payout ratio is presently 31.49%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WING shares. Citigroup lifted their target price on Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. BMO Capital Markets upped their price objective on shares of Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Truist Financial increased their price objective on shares of Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. BTIG Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price for the company in a research report on Thursday, October 31st. Finally, Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a research report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.74.

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.