Versor Investments LP Sells 2,849 Shares of Wingstop Inc. (NASDAQ:WING)

Versor Investments LP reduced its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 57.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,132 shares of the restaurant operator's stock after selling 2,849 shares during the quarter. Versor Investments LP's holdings in Wingstop were worth $887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WING. Millennium Management LLC lifted its stake in shares of Wingstop by 284.1% in the 2nd quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator's stock valued at $161,957,000 after purchasing an additional 283,412 shares during the period. Renaissance Technologies LLC lifted its stake in Wingstop by 36.6% in the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator's stock valued at $254,860,000 after buying an additional 161,600 shares during the period. AQR Capital Management LLC boosted its holdings in Wingstop by 66.6% during the second quarter. AQR Capital Management LLC now owns 325,920 shares of the restaurant operator's stock worth $137,753,000 after buying an additional 130,248 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Wingstop by 3.7% during the first quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator's stock worth $1,071,473,000 after buying an additional 104,780 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Wingstop by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator's stock worth $833,026,000 after buying an additional 101,917 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WING shares. BMO Capital Markets lifted their price objective on shares of Wingstop from $345.00 to $360.00 and gave the stock a "market perform" rating in a research note on Thursday, August 1st. Wedbush reissued an "outperform" rating and issued a $390.00 price target on shares of Wingstop in a report on Tuesday, November 5th. Truist Financial raised their price objective on Wingstop from $407.00 to $423.00 and gave the stock a "hold" rating in a research note on Thursday, August 1st. The Goldman Sachs Group raised Wingstop from a "neutral" rating to a "buy" rating and decreased their target price for the company from $458.00 to $377.00 in a research note on Friday, November 8th. Finally, TD Cowen dropped their price target 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 investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $368.74.

Wingstop Stock Up 0.4 %

Shares of NASDAQ WING traded up $1.37 during trading hours on Wednesday, hitting $339.75. The company had a trading volume of 465,510 shares, compared to its average volume of 462,001. The stock has a market capitalization of $9.92 billion, a P/E ratio of 99.05, a price-to-earnings-growth ratio of 3.15 and a beta of 1.76. Wingstop Inc. has a 1-year low of $215.69 and a 1-year high of $433.86. The firm's 50 day moving average is $378.19 and its 200-day moving average is $385.28.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.09). The firm had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The business's revenue was up 38.8% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. On average, sell-side analysts predict that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.32%. Wingstop's dividend payout ratio is 31.49%.

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.