Navellier & Associates Inc. Increases Holdings in Wingstop Inc. (NASDAQ:WING)

Navellier & Associates Inc. boosted its position in shares of Wingstop Inc. (NASDAQ:WING) by 234.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,938 shares of the restaurant operator’s stock after purchasing an additional 6,967 shares during the quarter. Navellier & Associates Inc.’s holdings in Wingstop were worth $4,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hollencrest Capital Management bought a new position in shares of Wingstop during the 2nd quarter worth $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in Wingstop in the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV grew its holdings in 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 acquiring an additional 35 shares in the last quarter. V Square Quantitative Management LLC increased 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 valued at $44,000 after purchasing an additional 40 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Wingstop by 384.6% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 100 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WING. Barclays dropped their price objective on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and set a $390.00 target price on shares of Wingstop in a research report on Tuesday, November 5th. 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. BTIG Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective for the company in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group upgraded Wingstop from a “neutral” rating to a “buy” rating and cut their target price for the company from $458.00 to $377.00 in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Trading Down 0.7 %

Shares of Wingstop stock opened at $333.21 on Thursday. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 97.14, a PEG ratio of 3.13 and a beta of 1.76. The firm’s 50 day simple moving average is $373.61 and its two-hundred day simple moving average is $383.31. Wingstop Inc. has a 12-month low of $229.27 and a 12-month high of $433.86.

Wingstop (NASDAQ:WING) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $160.24 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year. On average, sell-side analysts predict that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Dividend Announcement

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

About Wingstop

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.