New York State Common Retirement Fund Has $46.64 Million Holdings in Wingstop Inc. (NASDAQ:WING)

New York State Common Retirement Fund lessened its stake in Wingstop Inc. (NASDAQ:WING) by 19.5% in the fourth quarter, HoldingsChannel reports. The firm owned 181,784 shares of the restaurant operator’s stock after selling 44,070 shares during the period. New York State Common Retirement Fund’s holdings in Wingstop were worth $46,642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WING. Nisa Investment Advisors LLC raised its position in shares of Wingstop by 542.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator’s stock valued at $2,764,000 after acquiring an additional 9,097 shares during the period. Comerica Bank acquired a new stake in Wingstop in the third quarter worth $4,021,000. Strs Ohio raised its holdings in Wingstop by 12.4% in the fourth quarter. Strs Ohio now owns 79,100 shares of the restaurant operator’s stock worth $20,295,000 after purchasing an additional 8,700 shares during the period. Teza Capital Management LLC bought a new position in shares of Wingstop during the third quarter worth $1,961,000. Finally, Legato Capital Management LLC grew its holdings in shares of Wingstop by 5.6% in the 4th quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator’s stock valued at $412,000 after buying an additional 85 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on WING shares. Benchmark reaffirmed a “hold” rating on shares of Wingstop in a research note on Tuesday. Robert W. Baird raised their price target on Wingstop from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Stifel Nicolaus boosted their price objective on Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Jefferies Financial Group raised their target price on shares of Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Finally, BMO Capital Markets lifted their price target on shares of Wingstop from $235.00 to $275.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $290.83.

Insider Transactions at Wingstop

In related news, Director Kilandigalu Madati sold 1,472 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the completion of the sale, the director now directly owns 5,450 shares in the company, valued at approximately $1,852,291.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael Skipworth sold 10,843 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the sale, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total value of $500,288.64. Following the sale, the director now owns 5,450 shares of the company’s stock, valued at $1,852,291.50. The disclosure for this sale can be found here. Insiders sold a total of 14,901 shares of company stock worth $5,120,605 over the last quarter. Company insiders own 0.36% of the company’s stock.

Wingstop Stock Performance

Shares of NASDAQ:WING opened at $362.74 on Thursday. Wingstop Inc. has a 52-week low of $150.08 and a 52-week high of $379.00. The company has a market capitalization of $10.65 billion, a P/E ratio of 154.36, a price-to-earnings-growth ratio of 6.30 and a beta of 1.68. The company has a 50-day simple moving average of $351.10 and a 200 day simple moving average of $278.19.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The business had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $120.47 million. During the same quarter in the prior year, the business earned $0.60 EPS. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, equities analysts forecast that Wingstop Inc. will post 3.02 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.88 annualized dividend and a yield of 0.24%. Wingstop’s dividend payout ratio (DPR) is presently 37.45%.

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.