Jump Financial LLC Sells 7,778 Shares of Wingstop Inc. (NASDAQ:WING)

Jump Financial LLC lowered its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 68.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,522 shares of the restaurant operator's stock after selling 7,778 shares during the quarter. Jump Financial LLC's holdings in Wingstop were worth $904,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new position in Wingstop during the 4th quarter worth approximately $28,000. Headlands Technologies LLC acquired a new position in Wingstop during the third quarter worth $38,000. FSC Wealth Advisors LLC purchased a new position in Wingstop in the fourth quarter worth $39,000. SRS Capital Advisors Inc. lifted its holdings in Wingstop by 323.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 233 shares of the restaurant operator's stock valued at $60,000 after acquiring an additional 178 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Wingstop during the 3rd quarter worth $72,000.

Insider Transactions at Wingstop

In related news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the transaction, the chief executive officer now owns 17,107 shares in the company, valued at approximately $5,771,901.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Albert G. Mcgrath sold 4,230 shares of Wingstop stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now owns 8,170 shares in the company, valued at $3,238,588. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of the business's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The disclosure for this sale can be found here. Insiders sold 19,881 shares of company stock valued at $7,093,305 over the last 90 days. Corporate insiders own 0.36% of the company's stock.

Wingstop Stock Performance

Shares of WING traded down $2.69 during trading hours on Friday, hitting $386.28. The stock had a trading volume of 269,000 shares, compared to its average volume of 525,353. Wingstop Inc. has a 12-month low of $150.08 and a 12-month high of $400.99. The firm has a market cap of $11.32 billion, a P/E ratio of 137.47, a P/E/G ratio of 5.30 and a beta of 1.67. The company's fifty day simple moving average is $367.03 and its 200 day simple moving average is $304.26.

Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The company had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. During the same period last year, the business posted $0.59 EPS. The company's quarterly revenue was up 34.0% compared to the same quarter last year. As a group, sell-side analysts predict that Wingstop Inc. will post 3.39 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 annualized dividend and a yield of 0.23%. Wingstop's dividend payout ratio is currently 31.32%.

Wall Street Analysts Forecast Growth

WING has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of Wingstop from $390.00 to $405.00 and gave the company an "outperform" rating in a research note on Thursday, May 2nd. Sanford C. Bernstein assumed coverage on Wingstop in a research note on Wednesday, February 14th. They issued an "outperform" rating and a $340.00 price objective for the company. Stephens reiterated an "overweight" rating and set a $425.00 target price on shares of Wingstop in a research report on Wednesday, May 1st. Truist Financial upped their target price on Wingstop from $320.00 to $345.00 and gave the company a "hold" rating in a report on Thursday, May 2nd. Finally, Citigroup raised their price objective on shares of Wingstop from $375.00 to $398.00 and gave the stock a "neutral" rating in a research note on Thursday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Wingstop currently has a consensus rating of "Hold" and an average price target of $330.39.

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.