Versor Investments LP Sells 2,849 Shares of Wingstop Inc. (NASDAQ:WING)

Versor Investments LP decreased its holdings in Wingstop Inc. (NASDAQ:WINGFree Report) by 57.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,132 shares of the restaurant operator’s stock after selling 2,849 shares during the period. Versor Investments LP’s holdings in Wingstop were worth $887,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WING. CWM LLC increased its stake in shares of Wingstop by 206.6% during the second quarter. CWM LLC now owns 2,287 shares of the restaurant operator’s stock valued at $967,000 after buying an additional 1,541 shares during the period. Hancock Whitney Corp purchased a new position in Wingstop in the 1st quarter worth about $1,696,000. Driehaus Capital Management LLC raised its position in shares of Wingstop by 4.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,307 shares of the restaurant operator’s stock valued at $81,703,000 after purchasing an additional 7,600 shares during the period. Scientech Research LLC bought a new position in shares of Wingstop during the 2nd quarter valued at about $2,249,000. Finally, Ontario Teachers Pension Plan Board increased its stake in Wingstop by 22.6% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,420 shares of the restaurant operator’s stock worth $3,818,000 after acquiring an additional 1,921 shares during the last quarter.

Wingstop Price Performance

NASDAQ:WING opened at $338.38 on Wednesday. The firm has a market cap of $9.88 billion, a PE ratio of 98.65, a price-to-earnings-growth ratio of 3.20 and a beta of 1.76. The company has a 50-day moving average of $378.99 and a 200 day moving average of $385.60. Wingstop Inc. has a 1-year low of $210.94 and a 1-year high of $433.86.

Wingstop (NASDAQ:WINGGet Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The company had revenue of $162.50 million during the quarter, compared to analysts’ expectations of $160.24 million. During the same quarter in the prior year, the business posted $0.69 earnings per share. The company’s revenue was up 38.8% compared to the same quarter last year. Sell-side analysts anticipate that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.32%. Wingstop’s dividend payout ratio is currently 31.49%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WING shares. Benchmark upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price on the stock in a research report on Thursday, October 31st. Barclays lowered their price objective on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Piper Sandler cut their target price on Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Citigroup raised their price target on Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Finally, The Goldman Sachs Group upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and cut their price objective for the company from $458.00 to $377.00 in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $368.74.

Read Our Latest Stock Analysis on Wingstop

Wingstop Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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