DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 6,696 Shares of Wingstop Inc. (NASDAQ:WING)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 39.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,145 shares of the restaurant operator's stock after selling 6,696 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Wingstop were worth $2,883,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of WING. EverSource Wealth Advisors LLC increased its holdings in shares of Wingstop by 521.4% in the fourth 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 during the last quarter. CBIZ Investment Advisory Services LLC boosted its position in shares of Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after buying an additional 35 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Wingstop during the fourth quarter worth $30,000. V Square Quantitative Management LLC boosted its holdings 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 during the period. Finally, Quarry LP purchased a new position in Wingstop in the fourth quarter valued at $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 approximately $141,177.19. This trade represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

WING has been the subject of several research reports. Raymond James reissued an "outperform" rating and issued a $330.00 target price (down from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Stephens restated an "overweight" rating and issued a $385.00 price target on shares of Wingstop in a report on Wednesday. Bank of America upped their target price on Wingstop from $319.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday. The Goldman Sachs Group increased their price target on Wingstop from $280.00 to $310.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Barclays reduced their price target on Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $331.78.

Wingstop Price Performance

Shares of NASDAQ:WING traded up $19.95 on Wednesday, reaching $306.25. 1,633,927 shares of the company traded hands, compared to its average volume of 610,130. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The company's 50 day moving average is $233.21 and its 200-day moving average is $275.45. The stock has a market capitalization of $8.55 billion, a PE ratio of 82.55, a P/E/G ratio of 2.27 and a beta of 1.80.

Wingstop (NASDAQ:WING - Get Free Report) last announced its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the business earned $0.98 EPS. The company's revenue was up 17.4% on a year-over-year basis. As a group, analysts expect that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

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 given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop's payout ratio is 18.09%.

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.