Dynamic Technology Lab Private Ltd Purchases Shares of 22,958 Wingstop Inc (WING)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Wingstop Inc (NASDAQ:WING) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,958 shares of the restaurant operator’s stock, valued at approximately $1,567,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital Fund Management S.A. raised its position in shares of Wingstop by 14.4% during the 3rd quarter. Capital Fund Management S.A. now owns 25,275 shares of the restaurant operator’s stock worth $1,726,000 after purchasing an additional 3,175 shares during the last quarter. King Luther Capital Management Corp raised its position in shares of Wingstop by 51.4% during the 3rd quarter. King Luther Capital Management Corp now owns 39,860 shares of the restaurant operator’s stock worth $2,721,000 after purchasing an additional 13,530 shares during the last quarter. Invictus RG raised its position in shares of Wingstop by 50.8% during the 3rd quarter. Invictus RG now owns 8,073 shares of the restaurant operator’s stock worth $551,000 after purchasing an additional 2,719 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Wingstop by 124.7% during the 3rd quarter. Renaissance Technologies LLC now owns 556,900 shares of the restaurant operator’s stock worth $38,020,000 after purchasing an additional 309,100 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in shares of Wingstop by 24.8% during the 3rd quarter. Riverhead Capital Management LLC now owns 5,530 shares of the restaurant operator’s stock worth $377,000 after purchasing an additional 1,100 shares during the last quarter.

Wingstop stock opened at $61.43 on Friday. Wingstop Inc has a 1-year low of $37.50 and a 1-year high of $75.58. The company has a market capitalization of $1.84 billion, a PE ratio of 83.01, a PEG ratio of 3.75 and a beta of 1.11.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Monday, October 29th. The restaurant operator reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. Wingstop had a net margin of 21.14% and a negative return on equity of 21.61%. The business had revenue of $38.25 million during the quarter, compared to analysts’ expectations of $38.02 million. During the same quarter in the prior year, the company posted $0.16 EPS. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, sell-side analysts forecast that Wingstop Inc will post 0.86 earnings per share for the current year.

The company also recently declared a special dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 26th were paid a $3.05 dividend. The ex-dividend date of this dividend was Friday, November 23rd. This represents a dividend yield of 0.55%. Wingstop’s dividend payout ratio (DPR) is 48.65%.

WING has been the subject of several research reports. Wedbush reaffirmed an “outperform” rating and set a $70.00 price objective (up previously from $59.00) on shares of Wingstop in a research note on Wednesday, August 22nd. They noted that the move was a valuation call. Stifel Nicolaus upped their price objective on shares of Wingstop from $58.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, August 27th. BTIG Research cut shares of Wingstop from a “buy” rating to a “neutral” rating and set a $59.00 price objective for the company. in a research note on Tuesday, September 4th. They noted that the move was a valuation call. Goldman Sachs Group cut shares of Wingstop from a “buy” rating to a “neutral” rating and upped their price objective for the company from $58.00 to $66.00 in a research note on Tuesday, September 11th. Finally, BidaskClub cut shares of Wingstop from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Wingstop presently has an average rating of “Buy” and a consensus price target of $64.13.

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Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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