Penserra Capital Management LLC Sells 3,176 Shares of Wingstop Inc. (NASDAQ:WING)

Penserra Capital Management LLC lessened its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 50.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,100 shares of the restaurant operator's stock after selling 3,176 shares during the quarter. Penserra Capital Management LLC's holdings in Wingstop were worth $1,289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in WING. Hollencrest Capital Management bought a new stake in Wingstop during the 2nd quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Wingstop in the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV increased its position in Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator's stock valued at $39,000 after buying an additional 35 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Wingstop by 60.6% during the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator's stock valued at $44,000 after buying an additional 40 shares during the last quarter. Finally, Blue Trust Inc. boosted 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 acquiring an additional 100 shares in the last quarter.

Wingstop Stock Down 2.1 %

NASDAQ WING traded down $7.14 during trading hours on Wednesday, hitting $331.65. 97,255 shares of the company were exchanged, compared to its average volume of 461,448. The stock has a market cap of $9.69 billion, a PE ratio of 96.87, a price-to-earnings-growth ratio of 3.14 and a beta of 1.76. Wingstop Inc. has a 52 week low of $232.88 and a 52 week high of $433.86. The stock has a 50-day moving average price of $368.31 and a 200 day moving average price of $381.61.

Wingstop (NASDAQ:WING - Get Free Report) last released 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). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The firm had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same quarter last year, the business posted $0.69 EPS. Wingstop's revenue was up 38.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop's dividend payout ratio (DPR) is 31.49%.

Wall Street Analyst Weigh In

WING has been the subject of a number of analyst reports. BMO Capital Markets raised their price objective on shares of Wingstop from $345.00 to $360.00 and gave the company a "market perform" rating in a research note on Thursday, August 1st. BTIG Research raised Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 target price for the company in a report on Thursday, October 31st. Truist Financial upped their price target on Wingstop from $407.00 to $423.00 and gave the company a "hold" rating in a report on Thursday, August 1st. Benchmark raised Wingstop from a "hold" rating to a "buy" rating and set a $340.00 target price for the company in a research report on Thursday, October 31st. Finally, TD Cowen lowered their price objective on shares of Wingstop from $450.00 to $365.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $368.74.

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.