Savoir Faire Capital Management L.P. Purchases 2,731 Shares of Wingstop Inc. $WING

Savoir Faire Capital Management L.P. boosted its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,003 shares of the restaurant operator’s stock after acquiring an additional 2,731 shares during the period. Wingstop makes up approximately 2.7% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 16th largest holding. Savoir Faire Capital Management L.P. owned 0.11% of Wingstop worth $7,551,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. grew its position in shares of Wingstop by 23.3% in the 2nd quarter. American Century Companies Inc. now owns 1,557,383 shares of the restaurant operator’s stock valued at $524,433,000 after purchasing an additional 294,786 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Wingstop by 50.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 949,033 shares of the restaurant operator’s stock worth $238,853,000 after purchasing an additional 316,328 shares during the period. Champlain Investment Partners LLC increased its holdings in Wingstop by 17.3% during the 2nd quarter. Champlain Investment Partners LLC now owns 741,097 shares of the restaurant operator’s stock worth $249,557,000 after purchasing an additional 109,108 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Wingstop by 83.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 737,369 shares of the restaurant operator’s stock valued at $248,302,000 after purchasing an additional 334,583 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Wingstop by 21.9% during the second quarter. Alliancebernstein L.P. now owns 522,397 shares of the restaurant operator’s stock worth $175,912,000 after buying an additional 93,930 shares in the last quarter.

Insider Activity at Wingstop

In related news, Director Kilandigalu Madati sold 269 shares of Wingstop 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 completion of the sale, the director owned 5,283 shares of the company’s stock, valued at approximately $1,373,421.51. The trade was a 4.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.

Wingstop Stock Up 1.1%

Shares of NASDAQ WING opened at $271.39 on Monday. The business’s 50 day moving average price is $255.88 and its two-hundred day moving average price is $275.76. The company has a market cap of $7.54 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 3.11 and a beta of 1.77. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $388.14.

Wingstop (NASDAQ:WING) last issued its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, topping the consensus estimate of $0.91 by $0.18. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.The company had revenue of $175.74 million during the quarter, compared to the consensus estimate of $189.10 million. During the same period in the previous year, the company posted $0.88 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 21st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, November 21st. Wingstop’s dividend payout ratio (DPR) is currently 19.54%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WING. Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 price target on shares of Wingstop in a research note on Monday, December 15th. UBS Group reaffirmed a “neutral” rating and issued a $295.00 target price on shares of Wingstop in a research report on Tuesday, October 28th. Benchmark cut their price target on shares of Wingstop from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. BMO Capital Markets reduced their price objective on shares of Wingstop from $345.00 to $280.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Finally, Morgan Stanley lowered their target price on Wingstop from $363.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Wingstop has a consensus rating of “Moderate Buy” and a consensus target price of $340.00.

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.