Versor Investments LP Purchases 3,177 Shares of Wingstop Inc. (NASDAQ:WING)

Versor Investments LP increased its position in shares of Wingstop Inc. (NASDAQ:WING) by 149.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,309 shares of the restaurant operator’s stock after purchasing an additional 3,177 shares during the period. Versor Investments LP’s holdings in Wingstop were worth $1,509,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. True Wealth Design LLC acquired a new position in shares of Wingstop in the 3rd quarter valued at $36,000. Hollencrest Capital Management raised its position in Wingstop by 53.8% in the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 35 shares in the last quarter. Blue Trust Inc. lifted its stake in Wingstop by 384.6% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 100 shares during the period. V Square Quantitative Management LLC boosted its holdings in Wingstop by 34.9% during the fourth 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, R Squared Ltd bought a new stake in shares of Wingstop in the 4th quarter valued at approximately $71,000.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Raj Kapoor sold 266 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $324.38, for a total transaction of $86,285.08. Following the completion of the sale, the senior vice president now owns 266 shares in the company, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Wingstop Trading Down 4.6 %

Wingstop stock opened at $227.81 on Thursday. The company has a market cap of $6.53 billion, a PE 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. The company’s 50-day moving average is $285.41 and its two-hundred day moving average is $337.49.

Wingstop announced that its board has approved 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 buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.47%. Wingstop’s dividend payout ratio is currently 29.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WING shares. BTIG Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price for the company in a research report on Thursday, October 31st. UBS Group reduced their target price on shares of Wingstop from $330.00 to $300.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Northcoast Research lowered shares of Wingstop from a “buy” rating to a “neutral” rating in a report on Friday, February 21st. Benchmark cut their price target on shares of Wingstop from $340.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Raymond James reaffirmed an “outperform” rating and set a $330.00 price objective (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $362.90.

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.