Wingstop Inc. (NASDAQ:WING) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC decreased its position in shares of Wingstop Inc. (NASDAQ:WING) by 62.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,163 shares of the restaurant operator’s stock after selling 36,597 shares during the period. Aquatic Capital Management LLC owned 0.08% of Wingstop worth $6,299,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Wingstop by 521.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 73 shares during the period. CBIZ Investment Advisory Services LLC raised its position in Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 35 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Wingstop in the 4th quarter valued at about $30,000. V Square Quantitative Management LLC boosted its position in shares of Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 37 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Wingstop in the 4th quarter worth approximately $49,000.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Northcoast Research cut shares of Wingstop from a “buy” rating to a “neutral” rating in a report on Friday, February 21st. Sanford C. Bernstein set a $260.00 target price on shares of Wingstop in a report on Tuesday. Raymond James reissued an “outperform” rating and issued a $330.00 target price (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Morgan Stanley decreased their price objective on shares of Wingstop from $389.00 to $375.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Finally, Guggenheim upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 target price for the company in a report on Monday, February 24th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $334.13.

Wingstop Price Performance

Wingstop stock opened at $227.30 on Friday. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86. The company’s fifty day moving average price is $226.11 and its two-hundred day moving average price is $284.91. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 61.27, a PEG ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Friday, March 7th. Wingstop’s dividend payout ratio is 29.11%.

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.