Thrivent Financial for Lutherans Purchases 194,582 Shares of Wingstop Inc. $WING

Thrivent Financial for Lutherans lifted its position in shares of Wingstop Inc. (NASDAQ:WING) by 345.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,914 shares of the restaurant operator’s stock after purchasing an additional 194,582 shares during the period. Thrivent Financial for Lutherans owned 0.90% of Wingstop worth $63,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC increased its position in Wingstop by 213.5% during the 3rd quarter. AlphaQuest LLC now owns 2,223 shares of the restaurant operator’s stock worth $559,000 after buying an additional 1,514 shares during the period. Arizona State Retirement System increased its position in Wingstop by 1.3% during the third quarter. Arizona State Retirement System now owns 8,235 shares of the restaurant operator’s stock worth $2,073,000 after acquiring an additional 107 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in Wingstop by 6,040.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,535 shares of the restaurant operator’s stock worth $386,000 after purchasing an additional 1,510 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Wingstop by 3.8% in the 3rd quarter. New York State Common Retirement Fund now owns 109,025 shares of the restaurant operator’s stock valued at $27,439,000 after purchasing an additional 4,013 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Wingstop by 64.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,647 shares of the restaurant operator’s stock worth $415,000 after purchasing an additional 646 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on Wingstop from $300.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, January 7th. Barclays raised their price target on Wingstop from $295.00 to $335.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group dropped their price target on Wingstop from $370.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Truist Financial reduced their price objective on shares of Wingstop from $400.00 to $365.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, UBS Group restated a “neutral” rating and issued a $295.00 target price on shares of Wingstop in a research report on Tuesday, October 28th. Four analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Wingstop currently has a consensus rating of “Moderate Buy” and an average price target of $340.00.

Insiders Place Their Bets

In other Wingstop news, Director Kilandigalu Madati sold 269 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total value of $69,931.93. Following the completion of the transaction, the director owned 5,283 shares of the company’s stock, valued at $1,373,421.51. This represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by corporate insiders.

Wingstop Price Performance

WING stock opened at $265.43 on Monday. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 43.23, a P/E/G ratio of 3.33 and a beta of 1.80. The company has a 50 day simple moving average of $259.77 and a 200 day simple moving average of $273.92. Wingstop Inc. has a 1 year low of $204.00 and a 1 year high of $388.14.

Wingstop (NASDAQ:WING) last posted its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The firm had revenue of $175.74 million for the quarter, compared to analysts’ expectations of $189.10 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. On average, equities research analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.