Boussard & Gavaudan Investment Management LLP Invests $4.89 Million in Wingstop Inc. (NASDAQ:WING)

Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of Wingstop Inc. (NASDAQ:WING) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,777 shares of the restaurant operator’s stock, valued at approximately $4,890,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management acquired a new stake in Wingstop during the 2nd quarter valued at $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in Wingstop during the 2nd quarter valued at $34,000. Massmutual Trust Co. FSB ADV increased its holdings in Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 35 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in Wingstop by 60.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 40 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Wingstop by 384.6% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 100 shares in the last quarter.

Wingstop Trading Down 2.2 %

NASDAQ:WING opened at $331.27 on Thursday. Wingstop Inc. has a 1 year low of $232.88 and a 1 year high of $433.86. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 96.58, a PEG ratio of 3.16 and a beta of 1.76. The stock has a 50-day moving average price of $368.31 and a two-hundred day moving average price of $381.61.

Wingstop (NASDAQ:WING) last posted 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). 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 during the quarter, compared to analyst estimates of $160.24 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue was up 38.8% on a year-over-year basis. Sell-side analysts forecast that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 yield of 0.33%. Wingstop’s payout ratio is 31.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WING shares. TD Cowen dropped their price target on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Citigroup lifted their target price on Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Thursday, August 1st. Barclays lowered their target price on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Benchmark raised Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price for the company in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Wingstop presently has a consensus rating of “Moderate Buy” and a consensus target price 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.