Entropy Technologies LP Sells 3,400 Shares of Wingstop Inc. (NASDAQ:WING)

Entropy Technologies LP decreased its holdings in Wingstop Inc. (NASDAQ:WING) by 79.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 876 shares of the restaurant operator’s stock after selling 3,400 shares during the period. Entropy Technologies LP’s holdings in Wingstop were worth $364,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC acquired a new position in Wingstop during the first quarter worth about $278,000. Vanguard Group Inc. increased its position in Wingstop by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock worth $1,071,473,000 after purchasing an additional 104,780 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Wingstop by 94.7% in the 1st quarter. Acadian Asset Management LLC now owns 2,303 shares of the restaurant operator’s stock valued at $842,000 after purchasing an additional 1,120 shares during the last quarter. Ontario Teachers Pension Plan Board grew its stake in shares of Wingstop by 22.6% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,420 shares of the restaurant operator’s stock worth $3,818,000 after buying an additional 1,921 shares during the last quarter. Finally, Cynosure Group LLC bought a new stake in shares of Wingstop during the first quarter worth $347,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WING shares. Stephens cut their price objective on Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Truist Financial upped their price objective on Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Barclays cut their target price on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. BTIG Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price target for the company in a research note on Thursday, October 31st. Finally, Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective on the stock in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Wingstop currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Stock Down 4.1 %

Shares of WING stock opened at $316.68 on Friday. Wingstop Inc. has a 52 week low of $223.30 and a 52 week high of $433.86. The firm has a 50 day moving average of $376.42 and a 200-day moving average of $384.42. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 92.33, a price-to-earnings-growth ratio of 3.08 and a beta of 1.76.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results 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 net margin of 17.05% and a negative return on equity of 22.69%. The company had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same period last year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up 38.8% on a year-over-year basis. Analysts anticipate that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.34%. Wingstop’s payout ratio is currently 31.49%.

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.