Wingstop Inc. $WING Shares Sold by Savant Capital LLC

Savant Capital LLC trimmed its stake in shares of Wingstop Inc. (NASDAQ:WING) by 28.2% during the third quarter, HoldingsChannel reports. The fund owned 6,403 shares of the restaurant operator’s stock after selling 2,517 shares during the quarter. Savant Capital LLC’s holdings in Wingstop were worth $1,612,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Wingstop in the 2nd quarter worth approximately $118,211,000. Wasatch Advisors LP acquired a new position in Wingstop during the 2nd quarter valued at about $114,758,000. Artisan Partners Limited Partnership grew its holdings in Wingstop by 83.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 737,369 shares of the restaurant operator’s stock worth $248,302,000 after buying an additional 334,583 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Wingstop by 50.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 949,033 shares of the restaurant operator’s stock valued at $238,853,000 after purchasing an additional 316,328 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Wingstop by 23.3% during the 2nd quarter. American Century Companies Inc. now owns 1,557,383 shares of the restaurant operator’s stock worth $524,433,000 after buying an additional 294,786 shares in the last quarter.

Wingstop Stock Up 6.7%

Shares of WING opened at $281.75 on Tuesday. Wingstop Inc. has a 12 month low of $204.00 and a 12 month high of $388.14. The company’s fifty day moving average is $261.33 and its 200-day moving average is $271.92. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 45.89, a price-to-earnings-growth ratio of 3.31 and a beta of 1.80.

Insider Buying and Selling at Wingstop

In other news, Director Kilandigalu Madati sold 269 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total transaction of $69,931.93. Following the completion of the sale, the director owned 5,283 shares in the company, valued at approximately $1,373,421.51. This represents a 4.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WING shares. Stephens reissued an “overweight” rating and issued a $375.00 price target on shares of Wingstop in a research note on Tuesday, November 4th. Mizuho dropped their target price on Wingstop from $320.00 to $310.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. BTIG Research decreased their price target on shares of Wingstop from $430.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Stifel Nicolaus dropped their price objective on shares of Wingstop from $300.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. Finally, TD Cowen downgraded shares of Wingstop from a “buy” rating to a “hold” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $338.75.

Wingstop Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.