Landscape Capital Management L.L.C. Sells 16,459 Shares of Wingstop Inc. (NASDAQ:WING)

Landscape Capital Management L.L.C. reduced its stake in shares of Wingstop Inc. (NASDAQ:WING) by 66.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,258 shares of the restaurant operator’s stock after selling 16,459 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Wingstop were worth $3,436,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of WING. Vanguard Group Inc. grew its position in Wingstop by 3.7% during the 1st 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 last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Wingstop by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock worth $833,026,000 after purchasing an additional 101,917 shares during the last quarter. Renaissance Technologies LLC increased its stake 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 worth $254,860,000 after buying an additional 161,600 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Wingstop by 2.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 600,905 shares of the restaurant operator’s stock valued at $253,979,000 after buying an additional 16,526 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Wingstop by 284.1% during 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

A number of equities analysts have issued reports on the stock. Piper Sandler decreased their price objective on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Benchmark raised Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target for the company in a research report on Thursday, October 31st. BMO Capital Markets lifted their price objective on Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. BTIG Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price for the company in a report on Thursday, October 31st. Finally, Barclays dropped their price target on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $368.74.

Wingstop Stock Performance

Shares of Wingstop stock opened at $333.21 on Thursday. The stock has a market capitalization of $9.73 billion, a PE ratio of 97.14, a price-to-earnings-growth ratio of 3.13 and a beta of 1.76. The company has a 50-day simple moving average of $373.61 and a two-hundred day simple moving average of $383.31. Wingstop Inc. has a 52-week low of $229.27 and a 52-week high of $433.86.

Wingstop (NASDAQ:WING) last announced its quarterly 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). Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The business had revenue of $162.50 million for the quarter, compared to the consensus estimate of $160.24 million. During the same period in the previous year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was up 38.8% compared to the same quarter last year. As a group, equities research analysts forecast that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Announces Dividend

The company also recently declared 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. 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 0.32%. Wingstop’s dividend payout ratio (DPR) is currently 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.