OneDigital Investment Advisors LLC Has $285,000 Position in Wingstop Inc. (NASDAQ:WING)

OneDigital Investment Advisors LLC increased its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 686 shares of the restaurant operator’s stock after buying an additional 57 shares during the period. OneDigital Investment Advisors LLC’s holdings in Wingstop were worth $285,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position 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 buying an additional 101,917 shares during the last quarter. Renaissance Technologies LLC lifted 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 acquiring an additional 161,600 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Wingstop by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 600,905 shares of the restaurant operator’s stock valued at $253,979,000 after acquiring an additional 16,526 shares during the last quarter. Millennium Management LLC increased its position 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 purchasing an additional 283,412 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Wingstop by 66.6% during the 2nd quarter. AQR Capital Management LLC now owns 325,920 shares of the restaurant operator’s stock worth $137,753,000 after purchasing an additional 130,248 shares during the last quarter.

Wingstop Stock Down 0.2 %

Shares of Wingstop stock opened at $337.60 on Friday. The company has a market cap of $9.86 billion, a PE ratio of 98.43, a price-to-earnings-growth ratio of 3.13 and a beta of 1.76. Wingstop Inc. has a 52 week low of $229.27 and a 52 week high of $433.86. The business has a 50 day moving average price of $372.44 and a 200-day moving average price of $382.99.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 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 analysts’ expectations of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The company’s quarterly revenue was up 38.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. As a group, research analysts anticipate that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.32%. The ex-dividend date is Friday, November 15th. Wingstop’s dividend payout ratio (DPR) is presently 31.49%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WING shares. BTIG Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective on the stock in a research note on Thursday, October 31st. Benchmark raised shares of 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. Piper Sandler lowered their price objective on Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Truist Financial boosted their price objective on Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Finally, Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 target price for the company in a research note on Friday, November 1st. 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.com, Wingstop 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.