Cwm LLC Decreases Stock Holdings in Wingstop Inc. $WING

Cwm LLC lowered its position in shares of Wingstop Inc. (NASDAQ:WING) by 27.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,348 shares of the restaurant operator’s stock after selling 2,790 shares during the period. Cwm LLC’s holdings in Wingstop were worth $1,849,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quaker Wealth Management LLC raised its stake in shares of Wingstop by 134.2% during the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 408 shares during the last quarter. Ameriflex Group Inc. purchased a new position in Wingstop during the 2nd quarter valued at about $43,000. Hantz Financial Services Inc. raised its position in Wingstop by 4,200.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 126 shares during the last quarter. True Wealth Design LLC lifted its holdings in Wingstop by 623.8% in the 2nd quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock worth $51,000 after buying an additional 131 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Wingstop by 22.3% in the 2nd quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $61,000 after buying an additional 33 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WING shares. Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Wednesday, November 5th. The Goldman Sachs Group reduced their price objective on shares of Wingstop from $370.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Wedbush restated an “outperform” rating on shares of Wingstop in a report on Wednesday, September 17th. Wall Street Zen raised shares of Wingstop from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $363.00 price target on shares of Wingstop in a research report on Tuesday, November 4th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $340.78.

Insider Transactions at Wingstop

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

Wingstop Stock Performance

WING stock opened at $256.84 on Friday. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 41.83, a PEG ratio of 2.91 and a beta of 1.77. The firm has a 50 day moving average price of $245.69 and a 200-day moving average price of $283.60. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $388.14.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.18. The company had revenue of $175.74 million during the quarter, compared to analyst estimates of $189.10 million. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. As a group, sell-side analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 21st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, November 21st. Wingstop’s payout ratio is currently 19.54%.

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.