Two Sigma Investments LP Has $61.09 Million Stock Position in Wingstop Inc. (NASDAQ:WING)

Two Sigma Investments LP reduced its position in shares of Wingstop Inc. (NASDAQ:WING) by 30.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 214,945 shares of the restaurant operator’s stock after selling 93,441 shares during the period. Two Sigma Investments LP owned 0.74% of Wingstop worth $61,087,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WING. Alyeska Investment Group L.P. bought a new stake in Wingstop during the 4th quarter valued at approximately $151,802,000. Raymond James Financial Inc. acquired a new position in shares of Wingstop during the fourth quarter worth approximately $115,301,000. Norges Bank bought a new stake in shares of Wingstop in the fourth quarter valued at approximately $106,123,000. Ameriprise Financial Inc. boosted its position in shares of Wingstop by 760.9% in the fourth quarter. Ameriprise Financial Inc. now owns 381,745 shares of the restaurant operator’s stock valued at $108,497,000 after acquiring an additional 337,401 shares during the period. Finally, Champlain Investment Partners LLC acquired a new stake in shares of Wingstop in the fourth quarter worth $77,855,000.

Insider Buying and Selling

In related news, SVP Raj Kapoor sold 637 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the transaction, the senior vice president now owns 517 shares in the company, valued at approximately $141,177.19. The trade was a 55.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on WING. Stephens reiterated an “overweight” rating and set a $385.00 target price on shares of Wingstop in a research note on Wednesday, May 14th. BMO Capital Markets cut their price objective on shares of Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group increased their target price on shares of Wingstop from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. UBS Group lowered their price target on Wingstop from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Finally, Truist Financial upped their price target on Wingstop from $242.00 to $274.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wingstop has a consensus rating of “Moderate Buy” and an average target price of $331.78.

Wingstop Stock Up 3.9%

Wingstop stock opened at $333.67 on Tuesday. The business’s 50-day simple moving average is $241.13 and its 200 day simple moving average is $274.98. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 89.94, a P/E/G ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $433.86.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The company had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. During the same period in the prior year, the company posted $0.98 EPS. The company’s revenue was up 17.4% compared to the same quarter last year. As a group, sell-side analysts expect that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.32%. Wingstop’s dividend payout ratio (DPR) is presently 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.