Lisanti Capital Growth LLC Reduces Holdings in Wingstop Inc (WING)

Lisanti Capital Growth LLC decreased its holdings in Wingstop Inc (NASDAQ:WING) by 78.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,530 shares of the restaurant operator’s stock after selling 63,704 shares during the period. Lisanti Capital Growth LLC owned about 0.06% of Wingstop worth $1,197,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Wingstop during the 2nd quarter worth $118,000. Everence Capital Management Inc. purchased a new stake in shares of Wingstop during the 2nd quarter worth $212,000. GWM Advisors LLC purchased a new stake in shares of Wingstop during the 3rd quarter worth $224,000. Hartford Investment Management Co. purchased a new stake in shares of Wingstop during the 2nd quarter worth $228,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Wingstop during the 1st quarter worth $238,000.

Shares of WING opened at $67.40 on Friday. Wingstop Inc has a 1-year low of $37.50 and a 1-year high of $75.58. The firm has a market capitalization of $1.97 billion, a P/E ratio of 78.16, a P/E/G ratio of 4.00 and a beta of 1.10.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Monday, October 29th. The restaurant operator reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Wingstop had a net margin of 21.14% and a negative return on equity of 21.61%. The firm had revenue of $38.25 million during the quarter, compared to analysts’ expectations of $38.02 million. During the same period in the previous year, the company earned $0.16 earnings per share. Wingstop’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, equities analysts predict that Wingstop Inc will post 0.86 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, December 4th will be given a $0.09 dividend. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 0.53%. Wingstop’s dividend payout ratio (DPR) is presently 48.65%.

Several research firms have recently issued reports on WING. BidaskClub cut shares of Wingstop from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Wedbush decreased their price objective on shares of Wingstop from $74.00 to $71.00 and set a “neutral” rating for the company in a research report on Tuesday, October 30th. Jefferies Financial Group reaffirmed a “sell” rating and set a $42.00 price objective on shares of Wingstop in a research report on Friday, July 13th. Gordon Haskett began coverage on shares of Wingstop in a research report on Thursday, October 18th. They set a “buy” rating and a $81.00 price objective for the company. Finally, Barclays lifted their price objective on shares of Wingstop from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $64.13.

In other Wingstop news, insider Stacy Peterson sold 3,437 shares of Wingstop stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $66.05, for a total value of $227,013.85. Following the transaction, the insider now directly owns 38,339 shares in the company, valued at $2,532,290.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael J. Hislop sold 5,900 shares of Wingstop stock in a transaction on Friday, September 7th. The shares were sold at an average price of $69.11, for a total transaction of $407,749.00. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.

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Wingstop Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.

See Also: Cash Flow

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Institutional Ownership by Quarter for Wingstop (NASDAQ:WING)

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