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

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

Several other institutional investors and hedge funds have also modified their holdings of WING. Teza Capital Management LLC raised its holdings in Wingstop by 29.9% during the 4th quarter. Teza Capital Management LLC now owns 3,075 shares of the restaurant operator’s stock worth $874,000 after buying an additional 707 shares during the period. True Wealth Design LLC boosted its holdings in shares of Wingstop by 62.1% in the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator’s stock valued at $40,000 after buying an additional 54 shares during the period. Sherbrooke Park Advisers LLC increased its position in shares of Wingstop by 106.6% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 2,002 shares of the restaurant operator’s stock worth $569,000 after acquiring an additional 1,033 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Wingstop by 3.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,801 shares of the restaurant operator’s stock worth $1,649,000 after acquiring an additional 169 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Wingstop by 23.8% during the fourth quarter. Royal Bank of Canada now owns 91,522 shares of the restaurant operator’s stock worth $26,010,000 after acquiring an additional 17,576 shares during the period.

Wingstop Price Performance

Shares of WING opened at $333.67 on Tuesday. The firm has a market capitalization of $9.31 billion, a PE ratio of 89.94, a PEG ratio of 2.27 and a beta of 1.80. The company’s 50-day moving average is $241.13 and its 200-day moving average is $274.98. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86.

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

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.32%. Wingstop’s payout ratio is currently 18.09%.

Insider Activity at Wingstop

In other Wingstop news, SVP Raj Kapoor sold 637 shares of the 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 transaction, the senior vice president now owns 517 shares in the company, valued at $141,177.19. This trade represents a 55.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on WING. Wedbush lowered their target price on Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Wells Fargo & Company lifted their target price on Wingstop from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, May 14th. Gordon Haskett upgraded Wingstop to a “strong-buy” rating in a research note on Wednesday, April 30th. TD Securities increased their target price on shares of Wingstop from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Finally, Raymond James reiterated an “outperform” rating and issued a $330.00 price target (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Wingstop presently has an average rating of “Moderate Buy” and an average price target of $331.78.

Wingstop 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.