Versor Investments LP Has $887,000 Stake in Wingstop Inc. (NASDAQ:WING)

Versor Investments LP lessened its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 57.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,132 shares of the restaurant operator’s stock after selling 2,849 shares during the period. Versor Investments LP’s holdings in Wingstop were worth $887,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Chartwell Investment Partners LLC acquired a new stake in Wingstop during the third quarter worth approximately $3,650,000. Los Angeles Capital Management LLC bought a new stake in shares of Wingstop during the 3rd quarter valued at $5,010,000. Crossmark Global Holdings Inc. grew its holdings in shares of Wingstop by 17.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,326 shares of the restaurant operator’s stock worth $968,000 after purchasing an additional 352 shares in the last quarter. Colonial River Investments LLC bought a new position in shares of Wingstop in the third quarter worth $487,000. Finally, Axxcess Wealth Management LLC acquired a new position in Wingstop in the third quarter valued at about $485,000.

Analyst Upgrades and Downgrades

WING has been the subject of several analyst reports. BMO Capital Markets boosted their target price on shares of Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Thursday, August 1st. Barclays dropped their price objective on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Benchmark raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target on the stock in a report on Thursday, October 31st. Finally, Stephens decreased their target price on shares of Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Stock Performance

Shares of WING stock opened at $338.38 on Wednesday. Wingstop Inc. has a 52 week low of $210.94 and a 52 week high of $433.86. The firm’s 50-day simple moving average is $378.99 and its two-hundred day simple moving average is $385.60. The firm has a market cap of $9.88 billion, a price-to-earnings ratio of 98.65, a P/E/G ratio of 3.20 and a beta of 1.76.

Wingstop (NASDAQ:WING) last issued its earnings results 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). The business had revenue of $162.50 million for 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%. Wingstop’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. Analysts forecast that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.32%. Wingstop’s dividend payout ratio (DPR) is currently 31.49%.

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.