Wingstop Inc. (NASDAQ:WING) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 475.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,234 shares of the restaurant operator’s stock after acquiring an additional 57,193 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Wingstop were worth $19,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in Wingstop during the third quarter worth about $36,000. Hollencrest Capital Management boosted its position in Wingstop by 53.8% during the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 35 shares during the last quarter. Blue Trust Inc. boosted its position in Wingstop by 384.6% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after acquiring an additional 100 shares during the last quarter. V Square Quantitative Management LLC boosted its position in Wingstop by 34.9% during the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 37 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Wingstop during the fourth quarter worth about $71,000.

Wingstop Stock Performance

Shares of WING stock opened at $238.86 on Wednesday. The stock has a market capitalization of $6.85 billion, a P/E ratio of 64.38, a price-to-earnings-growth ratio of 2.27 and a beta of 1.81. The company has a 50 day moving average price of $286.48 and a 200 day moving average price of $338.26. Wingstop Inc. has a fifty-two week low of $231.28 and a fifty-two week high of $433.86.

Wingstop declared that its Board of Directors has authorized a share repurchase plan on Thursday, December 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, March 7th. Wingstop’s dividend payout ratio (DPR) is currently 29.11%.

Insider Activity at Wingstop

In related news, SVP Raj Kapoor sold 266 shares of Wingstop stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $324.38, for a total value of $86,285.08. Following the completion of the transaction, the senior vice president now owns 266 shares in the company, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WING. Benchmark lowered their price target on shares of Wingstop from $340.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Barclays reduced their target price on shares of Wingstop from $359.00 to $315.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Piper Sandler reduced their target price on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Northcoast Research downgraded shares of Wingstop from a “buy” rating to a “neutral” rating in a research note on Friday, February 21st. Finally, TD Securities reduced their target price on shares of Wingstop from $365.00 to $305.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $362.90.

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.