Wingstop Inc. (NASDAQ:WING) Holdings Cut by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 73.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,665 shares of the restaurant operator's stock after selling 4,517 shares during the quarter. GSA Capital Partners LLP's holdings in Wingstop were worth $693,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WING. Hollencrest Capital Management purchased a new position in shares of Wingstop during the 2nd quarter worth $27,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Wingstop during the 2nd quarter worth $34,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator's stock worth $39,000 after purchasing an additional 35 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of Wingstop by 60.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator's stock worth $44,000 after purchasing an additional 40 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Wingstop by 384.6% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock worth $53,000 after purchasing an additional 100 shares during the period.

Wingstop Trading Up 3.1 %

NASDAQ:WING traded up $9.95 on Monday, reaching $326.64. The stock had a trading volume of 500,963 shares, compared to its average volume of 463,411. The company has a 50-day moving average of $375.65 and a 200 day moving average of $384.04. The stock has a market cap of $9.54 billion, a P/E ratio of 95.23, a price-to-earnings-growth ratio of 2.95 and a beta of 1.76. Wingstop Inc. has a 12-month low of $227.54 and a 12-month high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share 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 analysts' expectations of $160.24 million. During the same period in the previous year, the company earned $0.69 earnings per share. The business's quarterly revenue was up 38.8% on a year-over-year basis. On average, equities analysts predict that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 15th. This represents a $1.08 annualized dividend and a dividend yield of 0.33%. Wingstop's payout ratio is 31.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. The Goldman Sachs Group raised Wingstop from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $458.00 to $377.00 in a research note on Friday, November 8th. TD Cowen dropped their price objective on Wingstop from $450.00 to $365.00 and set a "buy" rating for the company in a report on Thursday, October 31st. BTIG Research upgraded Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 price objective for the company in a report on Thursday, October 31st. Raymond James upgraded Wingstop from a "market perform" rating to an "outperform" rating and set a $42.00 price objective for the company in a report on Thursday, August 1st. Finally, Citigroup upped their price objective on Wingstop from $417.00 to $440.00 and gave the stock a "neutral" rating in a report on Friday, October 4th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $368.74.

About Wingstop

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.