Wingstop Inc. (NASDAQ:WING) Shares Sold by Entropy Technologies LP

Entropy Technologies LP trimmed its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 79.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 876 shares of the restaurant operator's stock after selling 3,400 shares during the period. Entropy Technologies LP's holdings in Wingstop were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WING. Hollencrest Capital Management bought a new position in Wingstop in the second quarter worth about $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in Wingstop during the second quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV lifted its position in Wingstop by 60.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator's stock valued at $39,000 after acquiring an additional 35 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in Wingstop by 60.6% in the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator's stock valued at $44,000 after acquiring an additional 40 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock worth $53,000 after purchasing an additional 100 shares during the last quarter.

Analyst Ratings Changes

WING has been the subject of several analyst reports. Wedbush reiterated an "outperform" rating and set a $390.00 price objective on shares of Wingstop in a report on Tuesday, November 5th. Northcoast Research raised Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 price target for the company in a report on Friday, November 1st. Citigroup upped their price objective on shares of Wingstop from $417.00 to $440.00 and gave the company a "neutral" rating in a report on Friday, October 4th. TD Cowen lowered their target price on shares of Wingstop from $450.00 to $365.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Finally, Truist Financial upped their price target on shares of Wingstop from $407.00 to $423.00 and gave the company a "hold" rating in a research note on Thursday, August 1st. Six investment 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, Wingstop has a consensus rating of "Moderate Buy" and a consensus target price of $368.74.

Wingstop Stock Down 4.1 %

Shares of Wingstop stock traded down $13.67 on Friday, hitting $316.68. 613,766 shares of the company were exchanged, compared to its average volume of 737,513. Wingstop Inc. has a 1-year low of $223.30 and a 1-year high of $433.86. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 92.33, a price-to-earnings-growth ratio of 2.95 and a beta of 1.76. The company has a 50-day moving average price of $376.42 and a 200 day moving average price of $384.42.

Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.09). The company had revenue of $162.50 million during the quarter, compared to analysts' expectations of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The firm's quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. Research analysts forecast that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 0.34%. Wingstop's payout ratio is 31.49%.

About Wingstop

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.