Caisse DE Depot ET Placement DU Quebec Buys 38,000 Shares of Wingstop Inc. (NASDAQ:WING)

Caisse DE Depot ET Placement DU Quebec raised its stake in Wingstop Inc. (NASDAQ:WING) by 345.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,000 shares of the restaurant operator’s stock after purchasing an additional 38,000 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Wingstop were worth $20,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fulton Bank N.A. lifted its stake in shares of Wingstop by 5.0% in the third quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator’s stock valued at $228,000 after buying an additional 26 shares during the period. CIBC Asset Management Inc lifted its position in shares of Wingstop by 3.7% in the 2nd quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator’s stock worth $347,000 after acquiring an additional 29 shares during the period. Dark Forest Capital Management LP lifted its position in shares of Wingstop by 4.3% in the 2nd quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator’s stock worth $318,000 after acquiring an additional 31 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in shares of 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 purchasing an additional 35 shares in the last quarter. Finally, Hollencrest Capital Management increased its position in shares of Wingstop by 53.8% during the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 35 shares during the period.

Wingstop Price Performance

WING stock opened at $328.77 on Monday. The company has a 50 day moving average price of $363.05 and a 200 day moving average price of $380.53. Wingstop Inc. has a fifty-two week low of $238.06 and a fifty-two week high of $433.86. The stock has a market capitalization of $9.60 billion, a PE ratio of 95.85, a price-to-earnings-growth ratio of 3.06 and a beta of 1.78.

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

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Friday, November 15th. Wingstop’s dividend payout ratio (DPR) is presently 31.49%.

Wall Street Analyst Weigh In

WING has been the subject of several research reports. Stephens decreased their price target on shares of Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Benchmark upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price on the stock in a research report on Thursday, October 31st. Barclays dropped their price target on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Citigroup lifted their price objective on Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Finally, The Goldman Sachs Group raised Wingstop from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $458.00 to $377.00 in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Wingstop currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.74.

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.