Wingstop Inc. (NASDAQ:WING) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in Wingstop Inc. (NASDAQ:WING) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,784 shares of the restaurant operator’s stock after selling 44,070 shares during the period. New York State Common Retirement Fund owned approximately 0.62% of Wingstop worth $46,642,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. SG Americas Securities LLC increased its holdings in Wingstop by 3.9% in the 3rd quarter. SG Americas Securities LLC now owns 9,336 shares of the restaurant operator’s stock valued at $1,679,000 after purchasing an additional 352 shares in the last quarter. Ziegler Capital Management LLC grew its stake in shares of Wingstop by 21.4% in the third quarter. Ziegler Capital Management LLC now owns 2,700 shares of the restaurant operator’s stock valued at $486,000 after buying an additional 476 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of Wingstop by 13.1% in the third quarter. Copeland Capital Management LLC now owns 462,173 shares of the restaurant operator’s stock valued at $83,117,000 after buying an additional 53,688 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Wingstop by 64.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,859 shares of the restaurant operator’s stock worth $514,000 after acquiring an additional 1,122 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Wingstop by 22.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,985 shares of the restaurant operator’s stock worth $1,076,000 after acquiring an additional 1,093 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WING. Jefferies Financial Group lifted their price objective on shares of Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley boosted their price objective on shares of Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Benchmark restated a “hold” rating on shares of Wingstop in a research note on Tuesday. Stifel Nicolaus lifted their target price on Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Truist Financial reissued a “hold” rating and issued a $292.00 price target on shares of Wingstop in a report on Monday, April 1st. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $290.83.

Wingstop Stock Down 0.5 %

WING opened at $362.74 on Thursday. The company’s 50-day moving average price is $351.10 and its 200 day moving average price is $278.19. Wingstop Inc. has a fifty-two week low of $150.08 and a fifty-two week high of $379.00. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 154.36, a price-to-earnings-growth ratio of 6.30 and a beta of 1.68.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. Research analysts anticipate that Wingstop Inc. will post 3.02 earnings per share for the current year.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Thursday, March 7th. Wingstop’s dividend payout ratio (DPR) is 37.45%.

Insider Transactions at Wingstop

In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the completion of the transaction, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares in the company, valued at $612,246.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the transaction, the director now owns 5,450 shares of the company’s stock, valued at $1,852,291.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,901 shares of company stock worth $5,120,605. Insiders own 0.36% of the company’s stock.

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.