Wingstop Inc. (NASDAQ:WING) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lessened its stake in Wingstop Inc. (NASDAQ:WING) by 60.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,180 shares of the restaurant operator’s stock after selling 28,324 shares during the period. Trexquant Investment LP owned about 0.06% of Wingstop worth $5,167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WING. Raymond James Financial Inc. purchased a new stake in shares of Wingstop in the 4th quarter valued at $115,301,000. Norges Bank purchased a new stake in Wingstop during the fourth quarter worth about $106,123,000. FMR LLC lifted its position in shares of Wingstop by 984.7% during the third quarter. FMR LLC now owns 217,946 shares of the restaurant operator’s stock worth $90,683,000 after purchasing an additional 197,853 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Wingstop by 21.4% in the fourth quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator’s stock valued at $163,131,000 after purchasing an additional 101,247 shares during the period. Finally, Artisan Partners Limited Partnership grew its holdings in shares of Wingstop by 47.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 268,657 shares of the restaurant operator’s stock valued at $76,352,000 after purchasing an additional 86,077 shares in the last quarter.

Wall Street Analysts Forecast Growth

WING has been the subject of several recent research reports. Morgan Stanley decreased their price target on shares of Wingstop from $389.00 to $375.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Wedbush lowered their target price on Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Jefferies Financial Group raised Wingstop from a “hold” rating to a “buy” rating and set a $270.00 price target on the stock in a research report on Monday, March 31st. UBS Group lowered their price objective on Wingstop from $330.00 to $300.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $330.00 target price (down previously from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wingstop presently has an average rating of “Moderate Buy” and a consensus price target of $350.73.

Wingstop Trading Down 4.3 %

Shares of WING opened at $232.36 on Friday. The company’s 50 day simple moving average is $252.80 and its 200-day simple moving average is $307.46. The firm has a market cap of $6.48 billion, a PE ratio of 62.63, a price-to-earnings-growth ratio of 2.27 and a beta of 2.01. Wingstop Inc. has a 12-month low of $205.60 and a 12-month high of $433.86.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 0.46%. Wingstop’s dividend payout ratio is presently 29.11%.

Wingstop Company 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.