Penserra Capital Management LLC Sells 3,176 Shares of Wingstop Inc. (NASDAQ:WING)

Penserra Capital Management LLC decreased its position in Wingstop Inc. (NASDAQ:WING) by 50.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,100 shares of the restaurant operator’s stock after selling 3,176 shares during the period. Penserra Capital Management LLC’s holdings in Wingstop were worth $1,289,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of WING. Hollencrest Capital Management purchased a new stake in shares of Wingstop during the second quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC bought a new position in Wingstop in the 2nd quarter valued at $34,000. Massmutual Trust Co. FSB ADV increased its position in shares of Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 35 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of Wingstop by 60.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 40 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Wingstop by 384.6% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after buying an additional 100 shares during the last quarter.

Wingstop Stock Up 0.5 %

Shares of NASDAQ WING opened at $338.79 on Wednesday. The stock’s 50-day simple moving average is $369.86 and its two-hundred day simple moving average is $381.97. Wingstop Inc. has a twelve month low of $229.27 and a twelve month high of $433.86. The firm has a market capitalization of $9.90 billion, a P/E ratio of 98.77, a P/E/G ratio of 3.15 and a beta of 1.76.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The company had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same quarter last year, the company posted $0.69 earnings per share. The firm’s revenue for the quarter was up 38.8% on a year-over-year basis. As a group, research analysts anticipate that Wingstop Inc. will post 3.68 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.32%. Wingstop’s dividend payout ratio (DPR) is presently 31.49%.

Wall Street Analyst Weigh In

Several analysts have commented on WING shares. BMO Capital Markets lifted their price objective on shares of Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Raymond James upgraded Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Thursday, August 1st. Citigroup raised their target price on Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Piper Sandler dropped their price target on Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Finally, The Goldman Sachs Group raised Wingstop from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $458.00 to $377.00 in a report on Friday, November 8th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Wingstop has a consensus rating of “Moderate Buy” and a consensus price target of $368.74.

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.