Wingstop Inc. (NASDAQ:WING) Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC boosted its holdings in Wingstop Inc. (NASDAQ:WING) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,174 shares of the restaurant operator’s stock after purchasing an additional 63 shares during the quarter. Avior Wealth Management LLC’s holdings in Wingstop were worth $488,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Hollencrest Capital Management purchased a new stake in shares of Wingstop in the second quarter valued at about $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in Wingstop during the 2nd quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV lifted its position 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 during the period. V Square Quantitative Management LLC grew its stake in shares of Wingstop by 60.6% in 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 last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 100 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Wedbush reiterated an “outperform” rating and set a $390.00 price target on shares of Wingstop in a research note on Tuesday, November 5th. Truist Financial raised their price objective on shares of Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 target price on the stock in a research report on Friday, November 1st. Finally, TD Cowen decreased their price target on Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $368.74.

Wingstop Trading Up 1.2 %

Shares of NASDAQ WING opened at $337.37 on Friday. The company’s 50-day moving average price is $372.44 and its 200 day moving average price is $382.99. Wingstop Inc. has a 52 week low of $229.27 and a 52 week high of $433.86. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 98.36, a PEG ratio of 3.13 and a beta of 1.76.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS 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 business had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. During the same quarter in the prior year, the company earned $0.69 earnings per share. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year. As a group, research analysts expect that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Dividend Announcement

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 given a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 annualized dividend and a dividend yield of 0.32%. Wingstop’s dividend payout ratio is currently 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.