5,572 Shares in Wingstop Inc. $WING Purchased by Jennison Associates LLC

Jennison Associates LLC purchased a new position in Wingstop Inc. (NASDAQ:WING) during the second quarter, Holdings Channel.com reports. The firm purchased 5,572 shares of the restaurant operator’s stock, valued at approximately $1,876,000.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in Wingstop by 43.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator’s stock worth $371,517,000 after acquiring an additional 496,717 shares during the period. American Century Companies Inc. boosted its position in Wingstop by 4.7% during the 1st quarter. American Century Companies Inc. now owns 1,262,597 shares of the restaurant operator’s stock worth $284,817,000 after acquiring an additional 56,535 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in Wingstop during the 1st quarter worth about $212,672,000. Alyeska Investment Group L.P. boosted its position in Wingstop by 29.8% during the 1st quarter. Alyeska Investment Group L.P. now owns 693,115 shares of the restaurant operator’s stock worth $156,353,000 after acquiring an additional 158,977 shares during the period. Finally, Champlain Investment Partners LLC boosted its position in Wingstop by 130.7% during the 1st quarter. Champlain Investment Partners LLC now owns 631,989 shares of the restaurant operator’s stock worth $142,564,000 after acquiring an additional 358,044 shares during the period.

Wingstop Price Performance

Shares of Wingstop stock opened at $216.63 on Friday. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 3.02 and a beta of 1.78. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $388.14. The stock has a 50-day simple moving average of $269.28 and a 200-day simple moving average of $300.40.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.12. The business had revenue of $174.33 million during the quarter, compared to analyst estimates of $172.60 million. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS. As a group, equities research analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WING shares. Stifel Nicolaus decreased their price objective on Wingstop from $375.00 to $300.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank Of Canada started coverage on Wingstop in a research report on Wednesday, October 8th. They set an “outperform” rating and a $315.00 price objective for the company. Zacks Research lowered Wingstop from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Bank of America decreased their price objective on Wingstop from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, July 18th. Finally, Wedbush reiterated an “outperform” rating on shares of Wingstop in a report on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $354.60.

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.