F M Investments LLC Trims Holdings in Wingstop Inc. (NASDAQ:WING)

F M Investments LLC lessened its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 19.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,771 shares of the restaurant operator’s stock after selling 431 shares during the period. F M Investments LLC’s holdings in Wingstop were worth $737,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WING. Millennium Management LLC increased its holdings in Wingstop by 284.1% during 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 increased its holdings in Wingstop by 36.6% during the 2nd quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock valued at $254,860,000 after purchasing an additional 161,600 shares during the period. AQR Capital Management LLC increased its holdings in Wingstop by 66.6% during the 2nd quarter. AQR Capital Management LLC now owns 325,920 shares of the restaurant operator’s stock valued at $137,753,000 after purchasing an additional 130,248 shares during the period. Vanguard Group Inc. increased its holdings in Wingstop by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock valued at $1,071,473,000 after purchasing an additional 104,780 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in 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 valued at $833,026,000 after purchasing an additional 101,917 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WING shares. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 target price on the stock in a report on Friday. The Goldman Sachs Group upped their target price on Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. BMO Capital Markets upped their target price on Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. TD Cowen reduced their target price on Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Piper Sandler upped their target price on Wingstop from $353.00 to $375.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Wingstop presently has a consensus rating of “Moderate Buy” and an average price target of $379.58.

Wingstop Trading Up 3.2 %

WING stock opened at $296.94 on Monday. The stock has a market capitalization of $8.67 billion, a PE ratio of 86.57, a price-to-earnings-growth ratio of 2.74 and a beta of 1.76. Wingstop Inc. has a 12-month low of $196.54 and a 12-month high of $433.86. The stock’s 50 day simple moving average is $388.10 and its 200 day simple moving average is $387.26.

Wingstop (NASDAQ:WING) last released 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). The business 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% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. On average, research analysts predict that Wingstop Inc. will post 3.79 earnings per share for the current year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given 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 0.36%. Wingstop’s dividend payout ratio (DPR) is presently 31.49%.

Insider Activity at Wingstop

In other news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the transaction, the senior vice president now directly owns 97 shares of the company’s stock, valued at $36,152.87. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by insiders.

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.