Crossmark Global Holdings Inc. Has $968,000 Stake in Wingstop Inc. (NASDAQ:WING)

Crossmark Global Holdings Inc. grew its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 17.8% in the third quarter, HoldingsChannel.com reports. The fund owned 2,326 shares of the restaurant operator’s stock after acquiring an additional 352 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Wingstop were worth $968,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WING. Vanguard Group Inc. grew its stake in Wingstop by 3.7% during the first quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock worth $1,071,473,000 after purchasing an additional 104,780 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Wingstop by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock worth $833,026,000 after buying an additional 101,917 shares during the period. Renaissance Technologies LLC increased its stake in shares of Wingstop by 36.6% in the 2nd quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock valued at $254,860,000 after acquiring an additional 161,600 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Wingstop by 2.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 600,905 shares of the restaurant operator’s stock valued at $253,979,000 after acquiring an additional 16,526 shares during the period. Finally, Millennium Management LLC boosted its stake in Wingstop by 284.1% during the second quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator’s stock worth $161,957,000 after acquiring an additional 283,412 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. 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 report on Thursday, October 31st. 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. BMO Capital Markets boosted their price objective on Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. TD Cowen cut their target price on Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, The Goldman Sachs Group upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and decreased their price target for the company from $458.00 to $377.00 in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Wingstop currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.74.

Wingstop Trading Down 2.7 %

WING stock opened at $330.63 on Friday. The stock has a market cap of $9.66 billion, a P/E ratio of 96.39, a P/E/G ratio of 3.15 and a beta of 1.76. The stock’s fifty day simple moving average is $377.33 and its two-hundred day simple moving average is $384.90. Wingstop Inc. has a 1-year low of $219.89 and a 1-year high of $433.86.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The company had revenue of $162.50 million during the quarter, compared to analysts’ expectations of $160.24 million. During the same period last year, the firm posted $0.69 earnings per share. Wingstop’s quarterly revenue was up 38.8% compared to the same quarter last year. As a group, analysts forecast that Wingstop Inc. will post 3.68 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. Wingstop’s dividend payout ratio (DPR) is presently 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.