BNP Paribas Financial Markets Sells 7,192 Shares of Wingstop Inc. (NASDAQ:WING)

BNP Paribas Financial Markets decreased its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 54.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,138 shares of the restaurant operator’s stock after selling 7,192 shares during the quarter. BNP Paribas Financial Markets’ holdings in Wingstop were worth $1,744,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in WING. Park Avenue Securities LLC lifted its holdings in Wingstop by 28.8% during the 4th quarter. Park Avenue Securities LLC now owns 3,709 shares of the restaurant operator’s stock valued at $1,054,000 after purchasing an additional 830 shares during the last quarter. Merit Financial Group LLC bought a new position in Wingstop during the 4th quarter worth $216,000. Crossmark Global Holdings Inc. increased its position in Wingstop by 13.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 2,628 shares of the restaurant operator’s stock worth $747,000 after buying an additional 302 shares during the period. SG Americas Securities LLC increased its position in Wingstop by 277.5% during 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 during the period. Finally, Avior Wealth Management LLC increased its position in Wingstop by 19.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,400 shares of the restaurant operator’s stock worth $398,000 after buying an additional 226 shares during the period.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Barclays reduced 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. Bank of America raised their price objective on Wingstop from $319.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday. TD Securities raised their price objective on Wingstop from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday. Benchmark reduced their price objective on Wingstop from $340.00 to $325.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Wedbush reduced their price objective on Wingstop from $390.00 to $355.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.78.

Wingstop Price Performance

Wingstop stock opened at $321.08 on Friday. The stock’s 50 day moving average is $238.85 and its 200 day moving average is $274.81. The firm has a market cap of $8.96 billion, a P/E ratio of 86.54, a P/E/G ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86.

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

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.27 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a yield of 0.34%. Wingstop’s payout ratio is currently 18.09%.

Insiders Place Their Bets

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

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.