Bridgefront Capital LLC Has $208,000 Stock Position in Wingstop Inc. (NASDAQ:WING)

Bridgefront Capital LLC lowered its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 76.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & 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 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Verdence Capital Advisors LLC boosted its holdings in shares of Wingstop by 3.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock worth $256,000 after buying an additional 34 shares during the period. CBIZ Investment Advisory Services LLC grew its stake 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 acquiring an additional 35 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Wingstop by 34.9% in the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 37 shares during the last quarter. Arizona State Retirement System grew its position in Wingstop by 0.5% in the 4th quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock worth $2,415,000 after purchasing an additional 42 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Wingstop by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 897 shares of the restaurant operator's stock valued at $255,000 after buying an additional 47 shares during the last quarter.

Insider Activity at Wingstop

In related news, SVP Raj Kapoor sold 637 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $273.07, for a total transaction of $173,945.59. Following the transaction, the senior vice president now directly owns 517 shares of the company's stock, valued at approximately $141,177.19. This trade represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by company insiders.

Wingstop Stock Up 7.0%

Shares of NASDAQ WING traded up $18.62 during trading hours on Monday, hitting $285.96. The company had a trading volume of 826,891 shares, compared to its average volume of 604,645. The stock has a market capitalization of $7.98 billion, a P/E ratio of 77.08, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $433.86. The firm's 50 day moving average is $230.75 and its 200-day moving average is $275.89.

Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings data 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 company had revenue of $171.09 million during the quarter, compared to the consensus estimate of $172.25 million. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. On average, sell-side analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop's dividend payout ratio (DPR) is presently 18.09%.

Analyst Ratings Changes

WING has been the subject of several recent research reports. Wedbush cut their price target on Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Benchmark dropped their price objective on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Northcoast Research cut shares of Wingstop from a "buy" rating to a "neutral" rating in a research note on Friday, February 21st. Robert W. Baird dropped their price objective on shares of Wingstop from $375.00 to $350.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Wingstop from $280.00 to $310.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $322.09.

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.