Jump Financial LLC Reduces Stake in Wingstop Inc. (NASDAQ:WING)

Jump Financial LLC cut its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,438 shares of the restaurant operator's stock after selling 4,133 shares during the period. Jump Financial LLC owned 0.15% of Wingstop worth $12,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in WING. EverSource Wealth Advisors LLC increased its holdings in Wingstop by 521.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in shares of 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. acquired a new stake in Wingstop in the 4th quarter valued at approximately $30,000. V Square Quantitative Management LLC raised its holdings in shares of Wingstop by 34.9% in the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 37 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Wingstop in the fourth quarter worth $49,000.

Wingstop Trading Up 0.5 %

WING stock traded up $1.01 during trading on Friday, reaching $218.84. 506,236 shares of the stock were exchanged, compared to its average volume of 577,146. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 58.99, a P/E/G ratio of 2.27 and a beta of 2.02. Wingstop Inc. has a 1 year low of $205.60 and a 1 year high of $433.86. The business has a 50 day moving average price of $235.09 and a 200-day moving average price of $292.41.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, March 7th. Wingstop's dividend payout ratio is presently 29.11%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company began coverage on shares of Wingstop in a research report on Wednesday, March 26th. They set an "overweight" rating and a $270.00 price target on the stock. Wedbush decreased their target price on Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. TD Securities cut their target price on Wingstop from $365.00 to $305.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Northcoast Research downgraded Wingstop from a "buy" rating to a "neutral" rating in a research report on Friday, February 21st. Finally, UBS Group lowered their price objective on Wingstop from $330.00 to $300.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Wingstop currently has an average rating of "Moderate Buy" and a consensus price target of $348.23.

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.