Numerai GP LLC Sells 880 Shares of Wingstop Inc. (NASDAQ:WING)

Numerai GP LLC cut its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 51.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 815 shares of the restaurant operator's stock after selling 880 shares during the quarter. Numerai GP LLC's holdings in Wingstop were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of WING. EverSource Wealth Advisors LLC boosted its position in shares of Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after buying an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its position in Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after buying an additional 35 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Wingstop during the fourth quarter worth $30,000. V Square Quantitative Management LLC boosted its holdings in shares of 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 stake in shares of Wingstop during the fourth quarter worth $41,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WING shares. Piper Sandler raised their price objective on Wingstop from $271.00 to $272.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Gordon Haskett upgraded Wingstop to a "strong-buy" rating in a report on Wednesday, April 30th. Robert W. Baird reduced their target price on Wingstop from $375.00 to $350.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Stifel Nicolaus reduced their target price on Wingstop from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Stephens reiterated an "overweight" rating and issued a $385.00 target price on shares of Wingstop in a report on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wingstop presently has an average rating of "Moderate Buy" and a consensus target price of $331.78.

Wingstop Stock Performance

Shares of NASDAQ:WING traded down $5.89 during trading on Tuesday, hitting $327.78. 718,424 shares of the stock were exchanged, compared to its average volume of 618,458. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 88.35, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $433.86. The company's fifty day simple moving average is $241.13 and its 200-day simple moving average is $274.98.

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 company had revenue of $171.09 million during the quarter, compared to the consensus estimate of $172.25 million. During the same quarter in the previous year, the company posted $0.98 earnings per share. The firm's quarterly revenue was up 17.4% on a year-over-year basis. On average, research analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a yield of 0.33%. Wingstop's payout ratio is 18.09%.

Insider Buying and Selling at Wingstop

In other news, SVP Raj Kapoor sold 637 shares of the business'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 directly owns 517 shares in the company, valued at $141,177.19. The trade was a 55.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.72% of the company's stock.

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.