Boothbay Fund Management LLC Takes Position in Wingstop Inc. (NASDAQ:WING)

Boothbay Fund Management LLC acquired a new stake in Wingstop Inc. (NASDAQ:WING - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,298 shares of the restaurant operator's stock, valued at approximately $369,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 35 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Wingstop during the fourth quarter worth $30,000. V Square Quantitative Management LLC grew its position in Wingstop by 34.9% in the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 37 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Wingstop in the 4th quarter valued at $49,000.

Wingstop Stock Performance

Shares of NASDAQ WING traded down $2.94 during mid-day trading on Tuesday, reaching $266.28. The company had a trading volume of 480,968 shares, compared to its average volume of 596,113. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 71.76, a PEG ratio of 2.27 and a beta of 1.80. The business's 50-day simple moving average is $227.48 and its 200 day simple moving average is $278.55. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. The firm had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The business's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. On average, sell-side analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop's dividend payout ratio is presently 18.09%.

Analyst Upgrades and Downgrades

WING has been the subject of several analyst reports. Morgan Stanley decreased their price objective on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Benchmark lowered their price target on Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. TD Securities reissued a "buy" rating and issued a $265.00 target price on shares of Wingstop in a research note on Wednesday, April 30th. BTIG Research reiterated a "buy" rating on shares of Wingstop in a research note on Tuesday, March 25th. Finally, Raymond James restated an "outperform" rating and set a $330.00 price objective (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $320.05.

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.