Schonfeld Strategic Advisors LLC Has $361,000 Holdings in Wingstop Inc. (NASDAQ:WING)

Schonfeld Strategic Advisors LLC cut its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 92.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,270 shares of the restaurant operator's stock after selling 15,427 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Wingstop were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WING. EverSource Wealth Advisors LLC boosted its stake in shares of Wingstop by 521.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after buying an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC increased 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 acquiring an additional 35 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Wingstop during the 4th quarter valued at approximately $30,000. V Square Quantitative Management LLC lifted its stake in Wingstop by 34.9% during the fourth 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, Quarry LP acquired a new position in Wingstop in the fourth quarter worth $41,000.

Wingstop Stock Up 7.0%

Wingstop stock traded up $19.95 during mid-day trading on Wednesday, hitting $306.25. The company's stock had a trading volume of 1,633,927 shares, compared to its average volume of 609,487. The stock has a market capitalization of $8.55 billion, a P/E ratio of 82.55, a P/E/G ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The stock's fifty day moving average price is $233.21 and its two-hundred day moving average price is $275.45.

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

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $0.27 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.35%. Wingstop's payout ratio is currently 18.09%.

Insider Activity

In other Wingstop news, SVP Raj Kapoor sold 637 shares of the company'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 value of $173,945.59. Following the transaction, the senior vice president now owns 517 shares in the company, valued at approximately $141,177.19. This represents a 55.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WING. TD Securities increased their target price on shares of Wingstop from $310.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday. Robert W. Baird dropped their price objective on shares of Wingstop from $375.00 to $350.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Piper Sandler lifted their target price on Wingstop from $271.00 to $272.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Northcoast Research lowered Wingstop from a "buy" rating to a "neutral" rating in a report on Friday, February 21st. Finally, Stifel Nicolaus dropped their price target on Wingstop from $375.00 to $350.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Wingstop currently has a consensus rating of "Moderate Buy" and a consensus target price of $331.78.

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.