Wingstop Inc. $WING Shares Sold by 12 West Capital Management LP

12 West Capital Management LP trimmed its holdings in Wingstop Inc. (NASDAQ:WING) by 30.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 79,000 shares of the restaurant operator’s stock after selling 35,000 shares during the quarter. Wingstop comprises about 2.2% of 12 West Capital Management LP’s investment portfolio, making the stock its 13th largest holding. 12 West Capital Management LP’s holdings in Wingstop were worth $18,841,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WING. Baird Financial Group Inc. acquired a new position in Wingstop in the first quarter valued at approximately $256,000. Jones Financial Companies Lllp boosted its holdings in shares of Wingstop by 2,770.6% in the first quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock valued at $440,000 after acquiring an additional 1,884 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Wingstop by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock valued at $20,852,000 after acquiring an additional 4,937 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Wingstop by 121.4% in the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 119 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Wingstop by 45.5% in the second quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock valued at $467,000 after acquiring an additional 434 shares during the period.

Wingstop Stock Performance

NASDAQ:WING opened at $150.05 on Thursday. The stock has a fifty day moving average price of $156.83 and a two-hundred day moving average price of $210.59. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.81 and a beta of 1.82. Wingstop Inc. has a 1 year low of $116.35 and a 1 year high of $381.45.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The business had revenue of $183.73 million for the quarter, compared to analyst estimates of $187.82 million. During the same quarter last year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts predict that Wingstop Inc. will post 4.59 EPS for the current year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. Wingstop’s dividend payout ratio (DPR) is presently 29.85%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Wingstop from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. BTIG Research restated a “buy” rating and set a $305.00 price target on shares of Wingstop in a research note on Thursday, May 28th. Truist Financial set a $374.00 price target on Wingstop and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Piper Sandler upgraded Wingstop from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $283.00 to $190.00 in a research note on Thursday, April 2nd. Finally, Wells Fargo & Company cut their price target on Wingstop from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $268.70.

About Wingstop

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.