DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 6,696 Shares of Wingstop Inc. (NASDAQ:WING)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its position in shares of Wingstop Inc. (NASDAQ:WING) by 39.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,145 shares of the restaurant operator’s stock after selling 6,696 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Wingstop were worth $2,883,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its stake in Wingstop by 3.9% in the fourth quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator’s stock valued at $256,000 after buying an additional 34 shares during the period. CBIZ Investment Advisory Services LLC increased its stake in shares of Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 35 shares in the last quarter. V Square Quantitative Management LLC lifted 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 acquiring an additional 37 shares during the period. Arizona State Retirement System boosted its stake in Wingstop by 0.5% during the fourth quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator’s stock worth $2,415,000 after acquiring an additional 42 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Wingstop by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 897 shares of the restaurant operator’s stock worth $255,000 after acquiring an additional 47 shares in the last quarter.

Wingstop Stock Down 3.2 %

WING stock opened at $267.34 on Friday. The firm has a market cap of $7.46 billion, a PE ratio of 72.06, a P/E/G ratio of 2.27 and a beta of 1.80. The business has a 50 day moving average of $230.75 and a 200-day moving average of $276.47. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $433.86.

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

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop’s dividend payout ratio is 18.09%.

Insider Buying and Selling at Wingstop

In related news, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $273.07, for a total value of $173,945.59. Following the sale, the senior vice president now owns 517 shares of the company’s stock, valued at approximately $141,177.19. The trade was a 55.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial upped their price objective on shares of Wingstop from $242.00 to $274.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Cowen reaffirmed a “buy” rating on shares of Wingstop in a research report on Thursday, May 1st. Robert W. Baird cut their price target on Wingstop from $375.00 to $350.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Jefferies Financial Group upgraded Wingstop from a “hold” rating to a “buy” rating and set a $270.00 price objective for the company in a report on Monday, March 31st. Finally, Barclays cut their target price on Wingstop from $315.00 to $260.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $322.09.

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.