Nisa Investment Advisors LLC Sells 5,208 Shares of Wingstop Inc. (NASDAQ:WING)

Nisa Investment Advisors LLC decreased its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 85.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 870 shares of the restaurant operator's stock after selling 5,208 shares during the period. Nisa Investment Advisors LLC's holdings in Wingstop were worth $247,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in Wingstop in the third quarter valued at $5,010,000. Conway Capital Management Inc. purchased a new stake in shares of Wingstop in the 3rd quarter worth about $3,544,000. Eagle Asset Management Inc. boosted its stake in shares of Wingstop by 40.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator's stock valued at $193,630,000 after purchasing an additional 134,802 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Wingstop during the third quarter valued at about $874,000. Finally, Vestcor Inc raised its stake in Wingstop by 44.0% in the third quarter. Vestcor Inc now owns 18,239 shares of the restaurant operator's stock worth $7,589,000 after buying an additional 5,572 shares in the last quarter.

Wingstop Price Performance

Wingstop stock traded up $2.06 during mid-day trading on Thursday, reaching $305.76. 501,544 shares of the stock traded hands, compared to its average volume of 567,313. Wingstop Inc. has a 12-month low of $266.45 and a 12-month high of $433.86. The stock has a market capitalization of $8.93 billion, a PE ratio of 89.14, a price-to-earnings-growth ratio of 2.23 and a beta of 1.81. The business's 50-day moving average is $300.92 and its 200-day moving average is $349.30.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The company had revenue of $162.50 million during the quarter, compared to analysts' expectations of $160.24 million. During the same quarter last year, the company earned $0.69 earnings per share. The company's revenue for the quarter was up 38.8% on a year-over-year basis. Equities analysts anticipate that Wingstop Inc. will post 3.67 EPS for the current fiscal year.

Wingstop declared that its Board of Directors has approved a stock repurchase plan on Thursday, December 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the restaurant operator to purchase up to 5.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insider Activity at Wingstop

In other news, SVP Raj Kapoor sold 266 shares of Wingstop stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $324.38, for a total value of $86,285.08. Following the sale, the senior vice president now directly owns 266 shares of the company's stock, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stephens reaffirmed an "overweight" rating and issued a $468.00 price target on shares of Wingstop in a research note on Thursday, January 2nd. Raymond James reaffirmed an "outperform" rating and issued a $330.00 target price (down from $375.00) on shares of Wingstop in a research report on Tuesday. The Goldman Sachs Group upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $458.00 to $377.00 in a report on Friday, November 8th. Barclays lowered their target price on shares of Wingstop from $470.00 to $380.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Finally, Morgan Stanley raised Wingstop from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $385.00 to $389.00 in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $383.32.

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.