Lombard Odier Asset Management USA Corp Sells 466 Shares of Wingstop Inc. (NASDAQ:WING)

Lombard Odier Asset Management USA Corp lowered its stake in Wingstop Inc. (NASDAQ:WING) by 28.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,162 shares of the restaurant operator’s stock after selling 466 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Wingstop were worth $491,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Hollencrest Capital Management bought a new stake in shares of Wingstop in the 2nd quarter valued at $27,000. Rise Advisors LLC acquired a new position in shares of Wingstop during the first quarter valued at about $29,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Wingstop during the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Wingstop by 60.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 35 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 40 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wedbush lifted their price target on Wingstop from $425.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. The Goldman Sachs Group lifted their target price on Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Morgan Stanley increased their price target on Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 16th. Barclays lifted their price objective on shares of Wingstop from $418.00 to $425.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets increased their target price on shares of Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Wingstop presently has an average rating of “Hold” and a consensus price target of $379.53.

Insider Activity at Wingstop

In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the completion of the transaction, the senior vice president now owns 97 shares of the company’s stock, valued at approximately $36,152.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.

Wingstop Stock Performance

Shares of Wingstop stock opened at $419.90 on Monday. The stock has a market capitalization of $12.30 billion, a P/E ratio of 149.43, a P/E/G ratio of 4.09 and a beta of 1.71. Wingstop Inc. has a 52-week low of $166.65 and a 52-week high of $431.03. The stock’s 50-day simple moving average is $381.87 and its 200 day simple moving average is $381.51.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $155.70 million for the quarter, compared to analyst estimates of $146.04 million. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The company’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Equities research analysts forecast that Wingstop Inc. will post 3.77 EPS for the current fiscal year.

Wingstop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a $0.27 dividend. The ex-dividend date was Friday, August 16th. This is a boost from Wingstop’s previous quarterly dividend of $0.22. This represents a $1.08 annualized dividend and a dividend yield of 0.26%. Wingstop’s payout ratio is 38.43%.

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.