SYM FINANCIAL Corp Takes $230,000 Position in Wingstop Inc. (NASDAQ:WING)

SYM FINANCIAL Corp bought a new stake in Wingstop Inc. (NASDAQ:WING) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 552 shares of the restaurant operator’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hollencrest Capital Management purchased a new position in shares of Wingstop during the second quarter worth about $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Wingstop in the 2nd quarter valued at about $34,000. True Wealth Design LLC purchased a new position in Wingstop during the 3rd quarter worth approximately $36,000. V Square Quantitative Management LLC increased its position in Wingstop by 60.6% during the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock worth $44,000 after buying an additional 40 shares during the period. Finally, Blue Trust Inc. lifted its stake 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 buying an additional 100 shares during the last quarter.

Wingstop Trading Up 0.0 %

WING stock opened at $337.30 on Friday. The firm has a 50 day moving average of $355.51 and a 200-day moving average of $379.02. The company has a market cap of $9.85 billion, a price-to-earnings ratio of 98.34, a PEG ratio of 3.14 and a beta of 1.78. Wingstop Inc. has a 12-month low of $240.60 and a 12-month high of $433.86.

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

Wingstop announced that its Board of Directors has approved a share repurchase plan on Thursday, December 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire up to 5.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.32%. 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 topic of a number of recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $390.00 target price on shares of Wingstop in a report on Tuesday, November 5th. Northcoast Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective on the stock in a research note on Friday, November 1st. Barclays decreased their target price on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Benchmark upgraded 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. Finally, Stephens reduced their price objective on Wingstop from $490.00 to $468.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock 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.