Trexquant Investment LP Reduces Stake in Wingstop Inc. (NASDAQ:WING)

Trexquant Investment LP lessened its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 60.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,180 shares of the restaurant operator's stock after selling 28,324 shares during the quarter. Trexquant Investment LP owned approximately 0.06% of Wingstop worth $5,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in WING. Raymond James Financial Inc. purchased a new position in Wingstop during the fourth quarter valued at $115,301,000. Norges Bank purchased a new stake in shares of Wingstop in the 4th quarter worth approximately $106,123,000. FMR LLC increased its position in Wingstop by 984.7% during the 3rd quarter. FMR LLC now owns 217,946 shares of the restaurant operator's stock valued at $90,683,000 after buying an additional 197,853 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Wingstop by 21.4% during the fourth quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator's stock valued at $163,131,000 after acquiring an additional 101,247 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of Wingstop by 47.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 268,657 shares of the restaurant operator's stock worth $76,352,000 after purchasing an additional 86,077 shares during the last quarter.

Analyst Ratings Changes

WING has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. BTIG Research reaffirmed a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th. Stephens reissued an "overweight" rating and issued a $450.00 target price on shares of Wingstop in a report on Wednesday, February 19th. Wedbush lowered their price target on Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, TD Securities reduced their price objective on Wingstop from $365.00 to $305.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $348.23.

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Wingstop Price Performance

Shares of WING stock traded down $12.76 during trading hours on Thursday, hitting $233.46. The stock had a trading volume of 269,237 shares, compared to its average volume of 570,776. The stock's 50-day moving average price is $246.02 and its two-hundred day moving average price is $300.92. Wingstop Inc. has a one year low of $205.60 and a one year high of $433.86. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 62.70, a PEG ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.27 per share. The ex-dividend date was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.46%. Wingstop's dividend payout ratio is currently 29.11%.

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.