NewEdge Advisors LLC Sells 1,501 Shares of Wingstop Inc. (NASDAQ:WING)

NewEdge Advisors LLC cut its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 91.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143 shares of the restaurant operator's stock after selling 1,501 shares during the period. NewEdge Advisors LLC's holdings in Wingstop were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in 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 in the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after buying an additional 35 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Wingstop during the fourth quarter worth $30,000. V Square Quantitative Management LLC increased its stake in shares of Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 37 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Wingstop during the fourth quarter worth about $49,000.

Insiders Place Their Bets

In other Wingstop news, SVP Raj Kapoor sold 637 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $273.07, for a total value of $173,945.59. Following the sale, the senior vice president now owns 517 shares in the company, valued at approximately $141,177.19. The trade was a 55.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Sanford C. Bernstein set a $260.00 price target on Wingstop in a report on Tuesday, April 22nd. Stephens reiterated an "overweight" rating and issued a $385.00 target price on shares of Wingstop in a report on Wednesday, April 30th. Raymond James reissued an "outperform" rating and set a $330.00 price target (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Guggenheim raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 price target on the stock in a research report on Monday, February 24th. Finally, UBS Group lowered their target price on shares of Wingstop from $300.00 to $255.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $320.05.

Wingstop Price Performance

Shares of WING stock traded up $5.99 during trading on Thursday, reaching $276.15. The company had a trading volume of 786,180 shares, compared to its average volume of 598,911. The company has a market capitalization of $7.71 billion, a PE ratio of 74.43, a PEG ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86. The firm's 50 day simple moving average is $228.95 and its two-hundred day simple moving average is $278.41.

Wingstop (NASDAQ:WING - Get Free Report) last posted its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $172.25 million. During the same quarter last year, the company earned $0.98 EPS. Wingstop's revenue was up 17.4% on a year-over-year basis. Analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.39%. Wingstop's dividend payout ratio (DPR) is presently 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.