Quadrature Capital Ltd Sells 22,810 Shares of Wingstop Inc. (NASDAQ:WING)

Quadrature Capital Ltd lessened its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 55.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,167 shares of the restaurant operator's stock after selling 22,810 shares during the quarter. Quadrature Capital Ltd owned about 0.06% of Wingstop worth $7,561,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WING. Hollencrest Capital Management purchased a new stake in Wingstop in the 2nd quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Wingstop in the second quarter valued at about $34,000. True Wealth Design LLC acquired a new stake in shares of Wingstop in the 3rd quarter worth approximately $36,000. Massmutual Trust Co. FSB ADV raised its position in shares of Wingstop by 60.3% in the second 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 during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Wingstop by 60.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator's stock valued at $44,000 after purchasing an additional 40 shares during the last quarter.

Analyst Upgrades and Downgrades

WING has been the topic of several research reports. The Goldman Sachs Group upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $458.00 to $377.00 in a research note on Friday, November 8th. Citigroup raised their target price on Wingstop from $417.00 to $440.00 and gave the stock a "neutral" rating in a research report on Friday, October 4th. BTIG Research raised Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 price objective for the company in a research note on Thursday, October 31st. Piper Sandler decreased their price objective on shares of Wingstop from $375.00 to $300.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Finally, TD Cowen reduced their price objective on Wingstop from $450.00 to $365.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $368.74.

Wingstop Price Performance

NASDAQ:WING traded up $0.85 during mid-day trading on Thursday, reaching $338.10. The stock had a trading volume of 240,599 shares, compared to its average volume of 460,402. The stock has a market cap of $9.88 billion, a P/E ratio of 98.32, a PEG ratio of 3.05 and a beta of 1.78. The business's 50 day moving average is $357.29 and its 200 day moving average is $379.31. Wingstop Inc. has a fifty-two week low of $240.60 and a fifty-two week high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.09). Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. 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 firm posted $0.69 EPS. The business's revenue was up 38.8% on a year-over-year basis. Equities analysts expect that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Announces Dividend

The company also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop's dividend payout ratio is 31.49%.

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.