Wingstop Inc. (NASDAQ:WING) Stock Holdings Decreased by Oak Ridge Investments LLC

Oak Ridge Investments LLC lessened its stake in Wingstop Inc. (NASDAQ:WING) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,135 shares of the restaurant operator’s stock after selling 225 shares during the quarter. Oak Ridge Investments LLC’s holdings in Wingstop were worth $2,028,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Fulton Bank N.A. lifted its holdings in Wingstop by 5.0% during the 3rd quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator’s stock worth $228,000 after buying an additional 26 shares during the last quarter. Dark Forest Capital Management LP lifted its stake in Wingstop by 4.3% during the second quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator’s stock worth $318,000 after purchasing an additional 31 shares during the last quarter. Hollencrest Capital Management boosted its holdings in Wingstop by 53.8% in the third 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 period. Public Employees Retirement System of Ohio increased its stake in 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 valued at $4,794,000 after purchasing an additional 35 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of Wingstop by 60.6% during the third 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.

Insider Transactions at Wingstop

In other news, SVP Raj Kapoor sold 266 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $324.38, for a total transaction of $86,285.08. Following the completion of the sale, the senior vice president now directly owns 266 shares of the company’s stock, valued at $86,285.08. This represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WING shares. Piper Sandler decreased their price target on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a report on Monday, November 4th. The Goldman Sachs Group upgraded Wingstop from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $458.00 to $377.00 in a research report on Friday, November 8th. Benchmark upgraded Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price objective for the company in a research report on Thursday, October 31st. Barclays lowered their price objective on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 target price on the stock in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating and thirteen have issued 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 Down 0.7 %

NASDAQ:WING opened at $272.92 on Friday. The business’s 50-day moving average price is $308.26 and its 200 day moving average price is $355.62. Wingstop Inc. has a 52-week low of $266.45 and a 52-week high of $433.86. The firm has a market cap of $7.97 billion, a P/E ratio of 79.57, a PEG ratio of 2.14 and a beta of 1.81.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The business had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. During the same period in the prior year, the firm earned $0.69 EPS. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. Sell-side analysts expect that Wingstop Inc. will post 3.67 EPS for the current year.

Wingstop announced that its board has approved a share repurchase plan on Thursday, December 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the restaurant operator to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.40%. Wingstop’s dividend payout ratio (DPR) is presently 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.