Schonfeld Strategic Advisors LLC Has $361,000 Holdings in Wingstop Inc. (NASDAQ:WING)

Schonfeld Strategic Advisors LLC cut its position in shares of Wingstop Inc. (NASDAQ:WING) by 92.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,270 shares of the restaurant operator’s stock after selling 15,427 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Wingstop were worth $361,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WING. Tidal Investments LLC increased its position in shares of Wingstop by 7.8% during the third quarter. Tidal Investments LLC now owns 758 shares of the restaurant operator’s stock worth $315,000 after buying an additional 55 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Wingstop by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,135 shares of the restaurant operator’s stock worth $1,459,000 after purchasing an additional 65 shares during the period. Paragon Advisors LLC grew its stake in Wingstop by 19.7% during the fourth quarter. Paragon Advisors LLC now owns 3,986 shares of the restaurant operator’s stock worth $1,133,000 after purchasing an additional 656 shares during the period. Brookstone Capital Management acquired a new stake in Wingstop during the fourth quarter worth approximately $1,607,000. Finally, Oak Thistle LLC acquired a new stake in Wingstop during the fourth quarter worth approximately $368,000.

Analyst Upgrades and Downgrades

WING has been the subject of several recent analyst reports. Cowen reaffirmed a “buy” rating on shares of Wingstop in a research note on Thursday, May 1st. The Goldman Sachs Group raised their target price on Wingstop from $280.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Morgan Stanley decreased their target price on Wingstop from $389.00 to $375.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Jefferies Financial Group raised Wingstop from a “hold” rating to a “buy” rating and set a $270.00 target price for the company in a research note on Monday, March 31st. Finally, Stifel Nicolaus decreased their target price on Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $322.09.

Insiders Place Their Bets

In other news, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction on Monday, May 5th. The stock was sold at an average price of $273.07, for a total transaction of $173,945.59. Following the sale, the senior vice president now directly owns 517 shares in the company, valued at $141,177.19. The trade was a 55.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

Wingstop Stock Down 3.2%

WING stock opened at $267.34 on Monday. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The stock’s 50 day moving average is $230.75 and its 200-day moving average is $275.89. The firm has a market capitalization of $7.46 billion, a PE ratio of 72.06, a P/E/G ratio of 2.27 and a beta of 1.80.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The company had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. During the same quarter last year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, equities research analysts anticipate that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $0.27 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.40%. Wingstop’s dividend payout ratio is currently 18.09%.

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.