Aquatic Capital Management LLC Sells 36,597 Shares of Wingstop Inc. (NASDAQ:WING)

Aquatic Capital Management LLC cut its holdings in Wingstop Inc. (NASDAQ:WING) by 62.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,163 shares of the restaurant operator’s stock after selling 36,597 shares during the period. Aquatic Capital Management LLC’s holdings in Wingstop were worth $6,299,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Wingstop in the 4th quarter worth approximately $115,301,000. Norges Bank acquired a new stake in shares of Wingstop in the fourth quarter worth $106,123,000. Champlain Investment Partners LLC bought a new position in Wingstop during the fourth quarter worth $77,855,000. Price T Rowe Associates Inc. MD raised its stake in Wingstop by 29.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator’s stock valued at $326,893,000 after purchasing an additional 262,229 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Wingstop by 23.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator’s stock valued at $227,852,000 after purchasing an additional 154,055 shares during the period.

Wingstop Stock Up 4.5 %

Wingstop stock opened at $227.30 on Friday. The stock has a 50-day simple moving average of $226.11 and a 200 day simple moving average of $284.91. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 61.27, a P/E/G ratio of 2.27 and a beta of 2.02. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $433.86.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.27 per share. The ex-dividend date was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.48%. Wingstop’s payout ratio is 29.11%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Securities dropped their price objective on shares of Wingstop from $365.00 to $305.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Raymond James restated an “outperform” rating and set a $330.00 price target (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. BMO Capital Markets reduced their price objective on Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a research report on Thursday, February 20th. Sanford C. Bernstein set a $260.00 target price on Wingstop in a research note on Tuesday. Finally, Benchmark reduced their target price on Wingstop from $340.00 to $325.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Wingstop presently has a consensus rating of “Moderate Buy” and a consensus target price of $334.13.

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.