Stevens Capital Management LP Makes New Investment in Wingstop Inc. (NASDAQ:WING)

Stevens Capital Management LP purchased a new stake in Wingstop Inc. (NASDAQ:WING) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,342 shares of the restaurant operator’s stock, valued at approximately $601,000.

A number of other large investors also recently bought and sold shares of WING. California Public Employees Retirement System grew its stake in Wingstop by 0.6% in the 4th quarter. California Public Employees Retirement System now owns 56,991 shares of the restaurant operator’s stock valued at $14,623,000 after acquiring an additional 361 shares during the last quarter. Significant Wealth Partners LLC purchased a new stake in shares of Wingstop during the fourth quarter valued at approximately $517,000. Heritage Investment Group Inc. acquired a new stake in shares of Wingstop during the fourth quarter worth approximately $205,000. Handelsbanken Fonder AB grew its position in shares of Wingstop by 15.8% during the fourth quarter. Handelsbanken Fonder AB now owns 5,144 shares of the restaurant operator’s stock worth $1,320,000 after buying an additional 700 shares in the last quarter. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Wingstop during the fourth quarter worth approximately $236,000.

Insider Transactions at Wingstop

In related news, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the transaction, the senior vice president now owns 1,646 shares in the company, valued at approximately $612,246.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the sale, the director now directly owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. Insiders have sold 14,901 shares of company stock worth $5,120,605 in the last ninety days. Insiders own 0.36% of the company’s stock.

Wingstop Trading Up 2.0 %

Wingstop stock traded up $7.16 during mid-day trading on Thursday, hitting $369.90. The stock had a trading volume of 619,911 shares, compared to its average volume of 467,045. Wingstop Inc. has a 12 month low of $150.08 and a 12 month high of $379.00. The stock has a market capitalization of $10.86 billion, a PE ratio of 157.40, a P/E/G ratio of 6.30 and a beta of 1.68. The stock has a 50-day simple moving average of $352.20 and a two-hundred day simple moving average of $278.78.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The business had revenue of $127.06 million during the quarter, compared to the consensus estimate of $120.47 million. During the same quarter last year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. Sell-side analysts expect that Wingstop Inc. will post 3.02 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.24%. Wingstop’s dividend payout ratio is presently 37.45%.

Analyst Ratings Changes

A number of equities analysts have commented on WING shares. Citigroup lifted their price objective on shares of Wingstop from $320.00 to $375.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Morgan Stanley boosted their price target on shares of Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Stifel Nicolaus lifted their price target on Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Truist Financial restated a “hold” rating and issued a $292.00 price objective on shares of Wingstop in a report on Monday, April 1st. Finally, Stephens initiated coverage on Wingstop in a research report on Friday, April 12th. They issued an “overweight” rating and a $425.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Wingstop currently has a consensus rating of “Hold” and a consensus price target of $290.83.

Wingstop Company Profile

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.