Wingstop Inc. (NASDAQ:WING) Stock Holdings Lifted by Versor Investments LP

Versor Investments LP lifted its stake in shares of Wingstop Inc. (NASDAQ:WING) by 149.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,309 shares of the restaurant operator’s stock after acquiring an additional 3,177 shares during the quarter. Versor Investments LP’s holdings in Wingstop were worth $1,509,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its position in shares of Wingstop by 384.6% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 100 shares during the period. Arkadios Wealth Advisors purchased a new stake in Wingstop during the third quarter valued at about $224,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Wingstop by 121.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,070 shares of the restaurant operator’s stock worth $2,110,000 after buying an additional 2,776 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Wingstop by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 3,419 shares of the restaurant operator’s stock worth $1,422,000 after buying an additional 230 shares during the period. Finally, Pallas Capital Advisors LLC increased its position in shares of Wingstop by 33.4% in the third quarter. Pallas Capital Advisors LLC now owns 1,679 shares of the restaurant operator’s stock worth $699,000 after acquiring an additional 420 shares in the last quarter.

Wingstop Trading Down 4.6 %

Shares of Wingstop stock opened at $227.81 on Thursday. The firm has a fifty day simple moving average of $285.41 and a 200-day simple moving average of $337.49. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 61.40, a PEG ratio of 2.27 and a beta of 1.81. Wingstop Inc. has a 1-year low of $227.65 and a 1-year high of $433.86.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Friday, March 7th. Wingstop’s dividend payout ratio is 29.11%.

Wingstop announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the restaurant operator to purchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

WING has been the topic of several recent analyst reports. TD Cowen cut their target price on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Raymond James reissued an “outperform” rating and issued a $330.00 price objective (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Northcoast Research cut Wingstop from a “buy” rating to a “neutral” rating in a research note on Friday, February 21st. Guggenheim upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 target price on the stock in a report on Monday. Finally, Stephens reaffirmed an “overweight” rating and set a $450.00 price objective on shares of Wingstop in a research report on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $362.90.

Insider Buying and Selling at Wingstop

In other news, SVP Raj Kapoor sold 266 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $324.38, for a total value of $86,285.08. Following the completion of the sale, the senior vice president now directly owns 266 shares of the company’s stock, valued at approximately $86,285.08. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.