AlphaQuest LLC Sells 2,507 Shares of Wingstop Inc. (NASDAQ:WING)

AlphaQuest LLC cut its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 88.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315 shares of the restaurant operator's stock after selling 2,507 shares during the period. AlphaQuest LLC's holdings in Wingstop were worth $90,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WING. SBI Securities Co. Ltd. bought a new position in shares of Wingstop during the 4th quarter worth approximately $30,000. True Wealth Design LLC bought a new position in shares of Wingstop during the 3rd quarter worth approximately $36,000. V Square Quantitative Management LLC boosted its holdings in shares of Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock worth $41,000 after buying an additional 37 shares in the last quarter. R Squared Ltd bought a new position in shares of Wingstop during the 4th quarter worth approximately $71,000. Finally, Blue Trust Inc. boosted its holdings in shares of Wingstop by 103.2% during the 4th quarter. Blue Trust Inc. now owns 256 shares of the restaurant operator's stock worth $73,000 after buying an additional 130 shares in the last quarter.

Analyst Ratings Changes

WING has been the topic of a number of research analyst reports. UBS Group cut their price target on Wingstop from $330.00 to $300.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Stephens restated an "overweight" rating and set a $450.00 price target on shares of Wingstop in a report on Wednesday, February 19th. Barclays cut their price target on Wingstop from $359.00 to $315.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Wedbush lowered their target price on Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Finally, Benchmark lowered their target price on Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Wingstop presently has an average rating of "Moderate Buy" and a consensus price target of $357.67.

Remove Ads

Wingstop Stock Down 2.1 %

NASDAQ WING traded down $4.73 on Friday, reaching $215.46. The company had a trading volume of 1,311,173 shares, compared to its average volume of 534,016. The stock has a market capitalization of $6.18 billion, a P/E ratio of 58.08, a P/E/G ratio of 2.27 and a beta of 1.88. The company's fifty day moving average is $262.51 and its 200 day moving average is $318.12. Wingstop Inc. has a 52-week low of $205.60 and a 52-week high of $433.86.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Friday, March 7th. Wingstop's payout ratio is currently 29.11%.

Wingstop declared that its Board of Directors has initiated a share repurchase plan on Thursday, December 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

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.