Wingstop Inc. (NASDAQ:WING) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 23.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 319,918 shares of the restaurant operator's stock after selling 98,500 shares during the quarter. Two Sigma Advisers LP owned 1.10% of Wingstop worth $90,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WING. American Century Companies Inc. increased its position in shares of Wingstop by 1.9% in the fourth quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator's stock worth $342,763,000 after acquiring an additional 22,552 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Wingstop by 29.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator's stock worth $326,893,000 after acquiring an additional 262,229 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Wingstop by 23.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator's stock worth $227,852,000 after acquiring an additional 154,055 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Wingstop by 21.4% in the fourth quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator's stock worth $163,131,000 after acquiring an additional 101,247 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Wingstop by 2.6% in the fourth quarter. Marshall Wace LLP now owns 547,831 shares of the restaurant operator's stock worth $155,694,000 after acquiring an additional 14,124 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on WING shares. Northcoast Research lowered Wingstop from a "buy" rating to a "neutral" rating in a research report on Friday, February 21st. Cowen reissued a "buy" rating on shares of Wingstop in a research report on Thursday, May 1st. Sanford C. Bernstein reissued an "overweight" rating and set a $360.00 price target on shares of Wingstop in a research report on Wednesday, May 14th. Benchmark reduced 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. Finally, Robert W. Baird boosted their price target on Wingstop from $350.00 to $400.00 and gave the stock an "outperform" rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Wingstop currently has a consensus rating of "Moderate Buy" and an average price target of $333.96.

Insider Activity at Wingstop

In related news, SVP Raj Kapoor sold 637 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $273.07, for a total value 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 represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.72% of the company's stock.

Wingstop Stock Up 0.4%

Shares of NASDAQ:WING traded up $1.33 on Friday, reaching $322.47. 479,171 shares of the company's stock were exchanged, compared to its average volume of 622,955. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 86.92, a PEG 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 business's 50-day moving average is $250.08 and its two-hundred day moving average is $275.93.

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

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a yield of 0.33%. Wingstop's dividend payout ratio is currently 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.