Cwm LLC Sells 6,782 Shares of Wingstop Inc. $WING

Cwm LLC trimmed its position in shares of Wingstop Inc. (NASDAQ:WING) by 92.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 566 shares of the restaurant operator’s stock after selling 6,782 shares during the quarter. Cwm LLC’s holdings in Wingstop were worth $135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of WING. Baird Financial Group Inc. purchased a new stake in shares of Wingstop in the 1st quarter worth $256,000. Jones Financial Companies Lllp increased its stake in shares of Wingstop by 2,770.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock worth $440,000 after purchasing an additional 1,884 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Wingstop by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock worth $20,852,000 after purchasing an additional 4,937 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 119 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its stake in shares of Wingstop by 45.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock worth $467,000 after purchasing an additional 434 shares in the last quarter.

Wingstop Stock Down 7.3%

Shares of Wingstop stock opened at $134.88 on Friday. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.63 and a beta of 1.86. The business has a 50-day moving average price of $189.27 and a 200-day moving average price of $231.16. Wingstop Inc. has a twelve month low of $133.70 and a twelve month high of $388.14.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $183.73 million during the quarter, compared to analyst estimates of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. On average, equities analysts expect that Wingstop Inc. will post 4.58 EPS for the current fiscal year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. Wingstop’s dividend payout ratio (DPR) is presently 29.85%.

Insider Transactions at Wingstop

In related news, Director Kilandigalu Madati sold 2,700 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total value of $703,971.00. Following the completion of the transaction, the director owned 2,583 shares of the company’s stock, valued at approximately $673,465.59. This trade represents a 51.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wesley S. Mcdonald sold 566 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $250.00, for a total transaction of $141,500.00. Following the completion of the transaction, the director directly owned 4,375 shares of the company’s stock, valued at approximately $1,093,750. The trade was a 11.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WING shares. Mizuho reduced their price objective on Wingstop from $320.00 to $310.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. Barclays reduced their price objective on Wingstop from $330.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Loop Capital started coverage on Wingstop in a research note on Friday, January 9th. They issued a “buy” rating and a $317.00 price objective for the company. Morgan Stanley restated an “overweight” rating and issued a $255.00 price objective on shares of Wingstop in a research note on Thursday, April 30th. Finally, Guggenheim reduced their price objective on Wingstop from $255.00 to $215.00 and set a “buy” rating for the company in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $282.41.

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.