Edgestream Partners L.P. Has $6.80 Million Holdings in Wingstop Inc. (NASDAQ:WING)

Edgestream Partners L.P. increased its stake in shares of Wingstop Inc. (NASDAQ:WING) by 5.1% during the third quarter, HoldingsChannel.com reports. The fund owned 16,351 shares of the restaurant operator’s stock after purchasing an additional 787 shares during the period. Edgestream Partners L.P.’s holdings in Wingstop were worth $6,803,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Millennium Management LLC boosted its position 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 purchasing an additional 283,412 shares during the period. FMR LLC lifted its stake in shares of Wingstop by 984.7% in the third quarter. FMR LLC now owns 217,946 shares of the restaurant operator’s stock worth $90,683,000 after buying an additional 197,853 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Wingstop by 36.6% during the 2nd quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock worth $254,860,000 after buying an additional 161,600 shares during the period. Eagle Asset Management Inc. grew its stake in Wingstop by 40.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator’s stock valued at $193,630,000 after buying an additional 134,802 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Wingstop by 66.6% in the 2nd quarter. AQR Capital Management LLC now owns 325,920 shares of the restaurant operator’s stock valued at $137,753,000 after buying an additional 130,248 shares during the last quarter.

Wingstop Stock Down 0.8 %

Shares of WING opened at $328.77 on Friday. The company has a 50-day moving average price of $364.87 and a two-hundred day moving average price of $380.91. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 95.85, a P/E/G ratio of 3.09 and a beta of 1.76. Wingstop Inc. has a 12 month low of $238.06 and a 12 month high of $433.86.

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

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.27 per share. 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 payout ratio is presently 31.49%.

Analyst Ratings Changes

A number of research firms have issued reports on WING. 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 report on Thursday, October 31st. Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a research report on Friday, November 1st. Barclays lowered their target price on Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Benchmark raised Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target on the stock in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group raised Wingstop from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $458.00 to $377.00 in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $368.74.

Wingstop 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.