Tremblant Capital Group Sells 7,969 Shares of Wingstop Inc. $WING

Tremblant Capital Group lowered its holdings in Wingstop Inc. (NASDAQ:WING) by 6.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 121,681 shares of the restaurant operator’s stock after selling 7,969 shares during the quarter. Wingstop accounts for about 3.2% of Tremblant Capital Group’s holdings, making the stock its 13th biggest position. Tremblant Capital Group’s holdings in Wingstop were worth $30,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Baird Financial Group Inc. bought a new position in shares of Wingstop in the first quarter valued at $256,000. Jones Financial Companies Lllp increased its position in shares of Wingstop by 2,770.6% during the first quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock worth $440,000 after acquiring an additional 1,884 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Wingstop by 5.6% during 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 worth $20,852,000 after acquiring an additional 4,937 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings 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 acquiring an additional 119 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its holdings 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 acquiring an additional 434 shares during the last quarter.

Insider Buying and Selling at Wingstop

In other news, Director Kilandigalu Madati sold 2,700 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total transaction of $703,971.00. Following the completion of the sale, the director directly owned 2,583 shares of the company’s stock, valued at $673,465.59. This trade represents a 51.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Wesley S. Mcdonald sold 566 shares of Wingstop stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $250.00, for a total value of $141,500.00. Following the sale, the director owned 4,375 shares in the company, valued at $1,093,750. The trade was a 11.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.72% of the stock is currently owned by insiders.

Wingstop Stock Performance

Wingstop stock opened at $203.44 on Friday. Wingstop Inc. has a fifty-two week low of $192.87 and a fifty-two week high of $388.14. The stock has a market cap of $5.59 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.11 and a beta of 1.82. The firm’s 50-day simple moving average is $255.95 and its 200 day simple moving average is $257.28.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.16. Wingstop had a net margin of 25.01% and a negative return on equity of 16.12%. The business had revenue of $175.69 million during the quarter, compared to the consensus estimate of $177.74 million. During the same period in the prior year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts predict that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, March 6th. Wingstop’s dividend payout ratio (DPR) is presently 19.42%.

Wall Street Analysts Forecast Growth

WING has been the subject of a number of analyst reports. Guggenheim lifted their price target on Wingstop from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Mizuho lowered 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. Citigroup raised their target price on Wingstop from $267.00 to $286.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. TD Cowen reaffirmed a “hold” rating and set a $285.00 target price on shares of Wingstop in a research report on Wednesday, February 18th. Finally, BTIG Research reiterated a “buy” rating and set a $400.00 price target on shares of Wingstop in a report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $337.29.

Wingstop Company 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.