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

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

Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in Wingstop in the fourth quarter worth approximately $10,177,000. SG Americas Securities LLC lifted its position in shares of Wingstop by 277.5% during the 4th quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator's stock valued at $1,356,000 after acquiring an additional 3,507 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Wingstop by 779.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator's stock valued at $5,247,000 after acquiring an additional 16,361 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Wingstop by 475.0% during the 4th quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator's stock valued at $19,676,000 after acquiring an additional 57,193 shares during the last quarter. Finally, Versor Investments LP lifted its position in shares of Wingstop by 149.0% during the 4th quarter. Versor Investments LP now owns 5,309 shares of the restaurant operator's stock valued at $1,509,000 after acquiring an additional 3,177 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on WING. BTIG Research reiterated a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th. TD Securities increased their price objective on Wingstop from $310.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Raymond James reiterated an "outperform" rating and set a $330.00 price objective (down previously from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Barclays cut their price objective on Wingstop from $315.00 to $260.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Robert W. Baird cut their price objective on Wingstop from $375.00 to $350.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $331.78.

Wingstop Stock Up 4.1%

WING stock opened at $321.08 on Monday. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The company has a market cap of $8.96 billion, a PE ratio of 86.54, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80. The business's 50-day simple moving average is $238.85 and its 200 day simple moving average is $274.72.

Wingstop (NASDAQ:WING - Get Free Report) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $172.25 million. During the same period last year, the business earned $0.98 earnings per share. The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. On average, equities research analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The company also recently announced 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Friday, May 16th. Wingstop's dividend payout ratio (DPR) is presently 18.09%.

Insider Buying and Selling

In other Wingstop 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 completion of the transaction, the senior vice president now owns 517 shares in the company, valued at $141,177.19. This trade represents a 55.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by company insiders.

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.

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