Quantbot Technologies LP Decreases Stake in Wingstop Inc. (NASDAQ:WING)

Quantbot Technologies LP decreased its holdings in Wingstop Inc. (NASDAQ:WING) by 23.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,290 shares of the restaurant operator’s stock after selling 5,104 shares during the quarter. Quantbot Technologies LP’s holdings in Wingstop were worth $4,630,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in Wingstop in the fourth quarter valued at $10,177,000. SG Americas Securities LLC boosted its position in shares of Wingstop by 277.5% in the 4th quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator’s stock worth $1,356,000 after buying an additional 3,507 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in Wingstop by 779.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator’s stock valued at $5,247,000 after acquiring an additional 16,361 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of Wingstop by 475.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator’s stock valued at $19,676,000 after purchasing an additional 57,193 shares during the last quarter. Finally, Conway Capital Management Inc. purchased a new position in shares of Wingstop during the 3rd quarter worth approximately $3,544,000.

Wingstop Stock Up 0.5 %

NASDAQ WING opened at $213.20 on Friday. Wingstop Inc. has a fifty-two week low of $207.53 and a fifty-two week high of $433.86. The business has a 50 day moving average price of $270.87 and a two-hundred day moving average price of $325.57. The stock has a market cap of $6.11 billion, a PE ratio of 57.47, a P/E/G ratio of 2.27 and a beta of 1.88.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.08 annualized dividend and a dividend yield of 0.51%. Wingstop’s dividend payout ratio (DPR) is presently 29.11%.

Wingstop declared that its Board of Directors has approved a share repurchase program on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stephens reiterated an “overweight” rating and set a $450.00 target price on shares of Wingstop in a report on Wednesday, February 19th. TD Securities dropped their price objective on Wingstop from $365.00 to $305.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. BMO Capital Markets reduced their target price on shares of Wingstop from $335.00 to $300.00 and set a “market perform” rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus lowered their price target on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Wedbush reduced their price objective on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $357.67.

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.