Los Angeles Capital Management LLC lessened its stake in Wingstop Inc. (NASDAQ:WING – Get Rating) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,537 shares of the restaurant operator’s stock after selling 554 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Wingstop were worth $1,175,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. James Investment Research Inc. purchased a new position in shares of Wingstop in the 3rd quarter valued at about $30,000. Public Employees Retirement System of Ohio increased its holdings in Wingstop by 39.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new position in Wingstop during the 3rd quarter valued at about $47,000. IFP Advisors Inc increased its holdings in Wingstop by 535.0% during the 3rd quarter. IFP Advisors Inc now owns 635 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 535 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Wingstop during the 1st quarter valued at about $164,000.
Wingstop Stock Up 0.3 %
Shares of WING stock opened at $199.31 on Wednesday. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 112.61, a price-to-earnings-growth ratio of 5.22 and a beta of 1.60. Wingstop Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $205.12. The firm’s 50 day moving average price is $181.42 and its two-hundred day moving average price is $162.72.
Wingstop Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 10th were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, March 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.38%. Wingstop’s dividend payout ratio is currently 42.94%.
Insider Activity
In other news, SVP Donnie Upshaw sold 1,088 shares of Wingstop stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $172.50, for a total transaction of $187,680.00. Following the sale, the senior vice president now owns 6,007 shares in the company, valued at $1,036,207.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Donnie Upshaw sold 1,088 shares of Wingstop stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $172.50, for a total transaction of $187,680.00. Following the sale, the senior vice president now owns 6,007 shares in the company, valued at $1,036,207.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Krishnan Anand sold 862 shares of Wingstop stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $173.21, for a total transaction of $149,307.02. Following the completion of the sale, the director now owns 3,639 shares of the company’s stock, valued at approximately $630,311.19. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on WING shares. Barclays raised their target price on shares of Wingstop from $167.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, February 23rd. Stephens raised their price target on shares of Wingstop from $173.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, February 23rd. Jefferies Financial Group cut shares of Wingstop from a “hold” rating to an “underperform” rating and set a $160.00 price target on the stock. in a research note on Monday, March 27th. Cowen raised their price target on shares of Wingstop from $180.00 to $200.00 in a research note on Thursday, February 23rd. Finally, TheStreet raised shares of Wingstop from a “c+” rating to a “b” rating in a research note on Wednesday, February 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $174.83.
Wingstop Company Profile
Wingstop, Inc is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. The company was founded in 1994 and is headquartered in Addison, TX.
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