Dynamic Advisor Solutions LLC Invests $631,000 in Wingstop Inc. $WING

Dynamic Advisor Solutions LLC purchased a new position in Wingstop Inc. (NASDAQ:WING) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,507 shares of the restaurant operator’s stock, valued at approximately $631,000.

A number of other hedge funds have also recently bought and sold shares of WING. Cresset Asset Management LLC raised its position in shares of Wingstop by 145.3% in the 1st quarter. Cresset Asset Management LLC now owns 1,872 shares of the restaurant operator’s stock valued at $422,000 after purchasing an additional 1,109 shares in the last quarter. Northern Trust Corp increased its stake in shares of Wingstop by 2.9% in the first quarter. Northern Trust Corp now owns 297,834 shares of the restaurant operator’s stock worth $67,185,000 after buying an additional 8,273 shares during the last quarter. AlphaQuest LLC increased its stake in shares of Wingstop by 225.4% in the first quarter. AlphaQuest LLC now owns 1,025 shares of the restaurant operator’s stock worth $231,000 after buying an additional 710 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Wingstop by 501.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,112 shares of the restaurant operator’s stock valued at $251,000 after acquiring an additional 927 shares in the last quarter. Finally, Freedom Investment Management Inc. raised its holdings in Wingstop by 13.5% in the first quarter. Freedom Investment Management Inc. now owns 1,341 shares of the restaurant operator’s stock valued at $302,000 after acquiring an additional 159 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have weighed in on WING shares. Wells Fargo & Company decreased their price objective on shares of Wingstop from $365.00 to $330.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. TD Cowen reduced their price target on shares of Wingstop from $320.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. BTIG Research decreased their price target on Wingstop from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Sanford C. Bernstein lowered their price objective on Wingstop from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Finally, Truist Financial cut their price objective on Wingstop from $400.00 to $365.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $340.78.

Insiders Place Their Bets

In other Wingstop news, Director Kilandigalu Madati sold 269 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total value of $69,931.93. Following the sale, the director directly owned 5,283 shares of the company’s stock, valued at $1,373,421.51. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by corporate insiders.

Wingstop Stock Down 1.9%

Shares of NASDAQ:WING opened at $254.35 on Tuesday. The company has a market cap of $7.07 billion, a PE ratio of 41.43, a P/E/G ratio of 3.58 and a beta of 1.75. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $388.14. The firm has a 50-day simple moving average of $247.26 and a 200 day simple moving average of $290.44.

Wingstop (NASDAQ:WING) last issued its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.18. The company had revenue of $175.74 million during the quarter, compared to the consensus estimate of $189.10 million. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.Wingstop’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. As a group, research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, November 21st. Wingstop’s dividend payout ratio is presently 19.54%.

About Wingstop

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.