Centiva Capital LP Buys 6,808 Shares of Wingstop Inc. (NASDAQ:WING)

Centiva Capital LP grew its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 182.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,535 shares of the restaurant operator's stock after purchasing an additional 6,808 shares during the period. Centiva Capital LP's holdings in Wingstop were worth $2,994,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings 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 worth $25,000 after acquiring an additional 73 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in Wingstop by 62.5% in the fourth 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in Wingstop in the fourth quarter valued at about $30,000. V Square Quantitative Management LLC lifted its stake in Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 37 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Wingstop during the 4th quarter valued at $41,000.

Insiders Place Their Bets

In other 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 value of $173,945.59. Following the completion of the sale, the senior vice president now directly owns 517 shares of the company's stock, valued at approximately $141,177.19. This trade represents a 55.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on WING shares. Northcoast Research lowered Wingstop from a "buy" rating to a "neutral" rating in a research report on Friday, February 21st. Wells Fargo & Company increased their price target on Wingstop from $270.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley decreased their target price on shares of Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Cowen reaffirmed a "buy" rating on shares of Wingstop in a research report on Thursday, May 1st. Finally, BMO Capital Markets decreased their price objective on Wingstop from $335.00 to $300.00 and set a "market perform" rating for the company in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $322.09.

Wingstop Stock Performance

Wingstop stock traded down $8.81 during mid-day trading on Friday, hitting $267.34. 794,634 shares of the company traded hands, compared to its average volume of 603,752. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 72.06, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80. The stock has a fifty day moving average price of $230.75 and a 200-day moving average price of $276.47.

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. The company had revenue of $171.09 million during the quarter, compared to the consensus estimate of $172.25 million. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. Wingstop's quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. Sell-side analysts predict that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop's dividend payout ratio is presently 18.09%.

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.