Barclays PLC Sells 54,569 Shares of Wingstop Inc. (NASDAQ:WING)

Barclays PLC decreased its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 64.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,449 shares of the restaurant operator's stock after selling 54,569 shares during the quarter. Barclays PLC owned approximately 0.10% of Wingstop worth $12,670,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fulton Bank N.A. lifted its holdings in Wingstop by 5.0% in the third quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator's stock valued at $228,000 after buying an additional 26 shares during the period. CIBC Asset Management Inc raised its position in shares of Wingstop by 3.7% during the 2nd quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator's stock valued at $347,000 after acquiring an additional 29 shares during the last quarter. Dark Forest Capital Management LP lifted its stake in shares of Wingstop by 4.3% in the 2nd quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator's stock valued at $318,000 after purchasing an additional 31 shares during the period. Hollencrest Capital Management boosted its position in shares of Wingstop by 53.8% in the 3rd quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Wingstop by 0.3% during the third quarter. Public Employees Retirement System of Ohio now owns 11,523 shares of the restaurant operator's stock worth $4,794,000 after purchasing an additional 35 shares during the period.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays cut their target price on Wingstop from $470.00 to $380.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and cut their price target for the company from $458.00 to $377.00 in a research report on Friday, November 8th. Stephens restated an "overweight" rating and set a $468.00 price objective on shares of Wingstop in a report on Monday, December 9th. TD Cowen cut their target price on shares of Wingstop from $450.00 to $365.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Finally, Benchmark raised shares of Wingstop from a "hold" rating to a "buy" rating and set a $340.00 price target for the company in a report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $368.74.

Wingstop Stock Performance

NASDAQ WING traded down $1.02 during trading on Monday, hitting $300.31. The stock had a trading volume of 775,513 shares, compared to its average volume of 463,034. Wingstop Inc. has a 12 month low of $241.78 and a 12 month high of $433.86. The company's 50-day moving average price is $342.60 and its two-hundred day moving average price is $375.89. The company has a market capitalization of $8.77 billion, a PE ratio of 87.55, a P/E/G ratio of 2.81 and a beta of 1.78.

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 business had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The business's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. As a group, equities analysts anticipate that Wingstop Inc. will post 3.67 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.36%. Wingstop's dividend payout ratio is 31.49%.

Wingstop announced that its Board of Directors has approved a share repurchase plan on Thursday, December 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at Wingstop

In other news, SVP Raj Kapoor sold 266 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $324.38, for a total value of $86,285.08. Following the completion of the sale, the senior vice president now owns 266 shares of the company's stock, valued at approximately $86,285.08. This represents a 50.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.36% of the company's stock.

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.