Barclays PLC lessened its stake in Wingstop Inc. (NASDAQ:WING – Free Report) by 41.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,851 shares of the restaurant operator’s stock after selling 13,604 shares during the period. Barclays PLC owned approximately 0.06% of Wingstop worth $3,391,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in WING. Roffman Miller Associates Inc. PA bought a new stake in shares of Wingstop during the 2nd quarter valued at $27,000. Public Employees Retirement System of Ohio grew its position in shares of Wingstop by 39.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 79 shares during the period. Coppell Advisory Solutions LLC bought a new stake in shares of Wingstop during the 2nd quarter valued at $48,000. Fortis Capital Advisors LLC bought a new stake in shares of Wingstop during the 4th quarter valued at $112,000. Finally, Spire Wealth Management grew its position in shares of Wingstop by 50.0% during the 2nd quarter. Spire Wealth Management now owns 600 shares of the restaurant operator’s stock valued at $120,000 after acquiring an additional 200 shares during the period.
Analyst Ratings Changes
A number of research analysts recently weighed in on WING shares. TheStreet upgraded shares of Wingstop from a “c+” rating to a “b-” rating in a research note on Tuesday, November 7th. Royal Bank of Canada lifted their target price on shares of Wingstop from $180.00 to $205.00 and gave the company a “sector perform” rating in a research note on Thursday, November 2nd. Stephens restated an “overweight” rating and set a $240.00 target price on shares of Wingstop in a research note on Thursday, November 2nd. Northcoast Research cut shares of Wingstop from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. Finally, Morgan Stanley lifted their target price on shares of Wingstop from $185.00 to $199.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $206.32.
Wingstop Trading Down 0.8 %
Shares of NASDAQ WING opened at $293.25 on Tuesday. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 127.50, a P/E/G ratio of 4.87 and a beta of 1.65. Wingstop Inc. has a 12-month low of $150.08 and a 12-month high of $298.20. The firm’s 50-day moving average price is $264.66 and its 200-day moving average price is $212.66.
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. Wingstop Inc was founded in 1994 and is headquartered in Addison, Texas.
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