Empowered Funds LLC Has $7.10 Million Stock Holdings in Wingstop Inc. (NASDAQ:WING)

Empowered Funds LLC boosted its stake in shares of Wingstop Inc. (NASDAQ:WING) by 15.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,074 shares of the restaurant operator’s stock after buying an additional 2,263 shares during the period. Empowered Funds LLC owned approximately 0.06% of Wingstop worth $7,104,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of 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 acquiring an additional 104,780 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Wingstop by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock valued at $833,026,000 after purchasing an additional 101,917 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Wingstop by 36.6% in the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock valued at $254,860,000 after purchasing an additional 161,600 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Wingstop by 2.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 600,905 shares of the restaurant operator’s stock worth $253,979,000 after buying an additional 16,526 shares in the last quarter. Finally, Millennium Management LLC raised its position in Wingstop by 284.1% in the 2nd quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator’s stock valued at $161,957,000 after buying an additional 283,412 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WING shares. TD Cowen decreased their price target on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Raymond James raised shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Thursday, August 1st. Wedbush reissued an “outperform” rating and set a $390.00 price target on shares of Wingstop in a research report on Tuesday, November 5th. 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. Finally, Barclays lowered their target price on Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Stock Down 4.1 %

Shares of WING stock opened at $316.68 on Friday. Wingstop Inc. has a 12-month low of $223.30 and a 12-month high of $433.86. The firm has a 50 day moving average price of $376.42 and a two-hundred day moving average price of $384.42. The company has a market capitalization of $9.25 billion, a PE ratio of 92.33, a price-to-earnings-growth ratio of 2.95 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 earnings per share (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 firm had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same quarter last year, the firm earned $0.69 earnings per share. The business’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 EPS for the current 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 $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.34%. The ex-dividend date is Friday, November 15th. Wingstop’s dividend payout ratio (DPR) is 31.49%.

Wingstop Company 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.