Ranger Investment Management L.P. Buys 20,930 Shares of Wingstop Inc. $WING

Ranger Investment Management L.P. grew its stake in shares of Wingstop Inc. (NASDAQ:WING) by 33.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,755 shares of the restaurant operator’s stock after acquiring an additional 20,930 shares during the quarter. Ranger Investment Management L.P.’s holdings in Wingstop were worth $20,828,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quaker Wealth Management LLC grew its position in Wingstop by 134.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 408 shares during the period. Cornerstone Planning Group LLC boosted its position in Wingstop by 1,650.0% in the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Wingstop by 4,200.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 126 shares during the period. True Wealth Design LLC increased its position in shares of Wingstop by 623.8% during the 2nd quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 131 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Wingstop by 121.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 119 shares during the last quarter.

Insider Activity at Wingstop

In other news, Director Kilandigalu Madati sold 269 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $259.97, for a total value of $69,931.93. Following the transaction, the director owned 5,283 shares of the company’s stock, valued at approximately $1,373,421.51. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on WING. Sanford C. Bernstein dropped their price objective on shares of Wingstop from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Loop Capital initiated coverage on Wingstop in a research note on Friday, January 9th. They issued a “buy” rating and a $317.00 price objective for the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $350.00 price objective (down previously from $420.00) on shares of Wingstop in a research note on Thursday, October 16th. BTIG Research cut their price objective on Wingstop from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Wingstop in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Wingstop currently has an average rating of “Moderate Buy” and a consensus price target of $338.75.

Wingstop Trading Up 1.4%

NASDAQ:WING opened at $269.95 on Friday. The stock has a 50-day moving average price of $261.10 and a 200 day moving average price of $273.12. The stock has a market capitalization of $7.50 billion, a P/E ratio of 43.96, a P/E/G ratio of 3.55 and a beta of 1.80. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $388.14.

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

About Wingstop

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.