International Assets Investment Management LLC Buys 65,167 Shares of Wingstop Inc. (NASDAQ:WING)

International Assets Investment Management LLC raised its stake in Wingstop Inc. (NASDAQ:WING) by 41,244.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 65,325 shares of the restaurant operator’s stock after purchasing an additional 65,167 shares during the quarter. International Assets Investment Management LLC owned 0.22% of Wingstop worth $27,180,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WING. Hollencrest Capital Management bought a new stake in Wingstop in the second quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC bought a new stake in Wingstop in the second quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV lifted its position in Wingstop by 60.3% in the second 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 during the last quarter. V Square Quantitative Management LLC lifted its position in Wingstop by 60.6% in the third 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 during the last quarter. Finally, Blue Trust Inc. lifted its position in Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 100 shares during the last quarter.

Insider Activity at Wingstop

In related news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the sale, the senior vice president now directly owns 97 shares of the company’s stock, valued at $36,152.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.36% of the stock is currently owned by insiders.

Wingstop Trading Up 2.3 %

NASDAQ WING opened at $368.56 on Tuesday. Wingstop Inc. has a 12 month low of $176.82 and a 12 month high of $433.86. The stock has a market cap of $10.80 billion, a P/E ratio of 131.16, a P/E/G ratio of 3.41 and a beta of 1.71. The stock’s fifty day moving average price is $394.13 and its 200-day moving average price is $388.93.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The company had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $146.04 million. During the same period last year, the firm posted $0.57 earnings per share. Wingstop’s revenue was up 45.3% compared to the same quarter last year. As a group, analysts forecast that Wingstop Inc. will post 3.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley upped their target price on Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, July 16th. Barclays upped their target price on Wingstop from $418.00 to $425.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. The Goldman Sachs Group upped their target price on Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Stephens restated an “overweight” rating and set a $490.00 target price on shares of Wingstop in a report on Thursday, October 24th. Finally, Truist Financial upped their target price on Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $382.88.

About Wingstop

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.