Signaturefd LLC Trims Stock Position in Wingstop Inc. (NASDAQ:WING)

Signaturefd LLC cut its stake in shares of Wingstop Inc. (NASDAQ:WING) by 33.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89 shares of the restaurant operator’s stock after selling 45 shares during the quarter. Signaturefd LLC’s holdings in Wingstop were worth $37,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WING. Copeland Capital Management LLC boosted its holdings in Wingstop by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 230,510 shares of the restaurant operator’s stock valued at $95,911,000 after purchasing an additional 1,979 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Wingstop by 0.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 183,044 shares of the restaurant operator’s stock valued at $76,161,000 after purchasing an additional 950 shares during the period. Raymond James & Associates grew its position in Wingstop by 104.0% during the third quarter. Raymond James & Associates now owns 49,908 shares of the restaurant operator’s stock worth $20,766,000 after buying an additional 25,440 shares during the period. Blue Trust Inc. lifted its position in shares of Wingstop by 384.6% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after acquiring an additional 100 shares during the period. Finally, Claro Advisors LLC purchased a new position in Wingstop in the 3rd quarter valued at approximately $245,000.

Wingstop Trading Down 21.4 %

WING stock opened at $289.99 on Thursday. The stock has a 50-day moving average price of $392.16 and a two-hundred day moving average price of $388.27. The company has a market cap of $8.50 billion, a PE ratio of 103.20, a price-to-earnings-growth ratio of 3.41 and a beta of 1.71. Wingstop Inc. has a 12-month low of $177.88 and a 12-month high of $433.86.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The firm had revenue of $155.70 million during the quarter, compared to the consensus estimate of $146.04 million. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The company’s revenue was up 45.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Equities analysts forecast that Wingstop Inc. will post 3.81 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares in the company, valued at approximately $36,152.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is owned by insiders.

Analysts Set New Price Targets

WING has been the subject of several research reports. Piper Sandler lifted their price target on Wingstop from $353.00 to $375.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley raised their price target on Wingstop from $390.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group increased their price objective on Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Stephens reissued an “overweight” rating and issued a $490.00 target price on shares of Wingstop in a research note on Thursday, October 24th. Finally, TD Cowen reaffirmed a “buy” rating and set a $450.00 price target on shares of Wingstop in a research note on Wednesday, July 31st. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Wingstop presently has a consensus rating of “Hold” and a consensus target price of $382.88.

Wingstop 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.