Bridgefront Capital LLC Sells 2,408 Shares of Wingstop Inc. (NASDAQ:WING)

Bridgefront Capital LLC lessened its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 76.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 732 shares of the restaurant operator's stock after selling 2,408 shares during the period. Bridgefront Capital LLC's holdings in Wingstop were worth $208,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 35 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Wingstop during the 4th quarter worth $30,000. V Square Quantitative Management LLC boosted its position in Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after buying an additional 37 shares during the last quarter. Finally, Quarry LP acquired a new stake in Wingstop during the fourth quarter valued at approximately $41,000.

Insider Buying and Selling at Wingstop

In other news, SVP Raj Kapoor sold 637 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the sale, the senior vice president now owns 517 shares of the company's stock, valued at $141,177.19. This trade represents a 55.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.72% of the company's stock.

Wingstop Price Performance

Shares of NASDAQ WING traded up $19.61 during mid-day trading on Wednesday, reaching $305.91. 897,626 shares of the company traded hands, compared to its average volume of 876,246. The firm has a market cap of $8.54 billion, a PE ratio of 82.46, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The stock has a fifty day simple moving average of $233.21 and a 200-day simple moving average of $275.45.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The company had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. During the same quarter in the previous year, the firm posted $0.98 EPS. The business's revenue was up 17.4% compared to the same quarter last year. As a group, analysts predict that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop's dividend payout ratio is presently 18.09%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WING shares. Guggenheim increased their price target on Wingstop from $280.00 to $325.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Sanford C. Bernstein reiterated an "overweight" rating and issued a $360.00 target price on shares of Wingstop in a research note on Wednesday. Bank of America raised their target price on shares of Wingstop from $319.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday. UBS Group lowered their price objective on shares of Wingstop from $300.00 to $255.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Stifel Nicolaus cut their price objective on Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wingstop presently has a consensus rating of "Moderate Buy" and an average price target of $331.78.

Wingstop Company 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.