Sculptor Capital LP Takes Position in Wingstop Inc. $WING

Sculptor Capital LP bought a new stake in shares of Wingstop Inc. (NASDAQ:WING) in the 4th quarter, Holdings Channel.com reports. The firm bought 200,000 shares of the restaurant operator’s stock, valued at approximately $47,698,000.

Several other large investors also recently added to or reduced their stakes in the business. Allworth Financial LP grew its position in Wingstop by 17.3% during the third quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 39 shares during the period. YANKCOM Partnership grew its position in Wingstop by 10.1% during the fourth quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock valued at $102,000 after buying an additional 39 shares during the period. Quadrant Capital Group LLC grew its position in Wingstop by 1.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock valued at $627,000 after buying an additional 45 shares during the period. SBI Securities Co. Ltd. grew its position in Wingstop by 76.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 60 shares during the period. Finally, Xponance Inc. grew its position in Wingstop by 1.1% during the third quarter. Xponance Inc. now owns 5,787 shares of the restaurant operator’s stock valued at $1,456,000 after buying an additional 64 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WING. Wolfe Research began coverage on shares of Wingstop in a research report on Monday, March 9th. They set an “outperform” rating and a $320.00 target price for the company. Benchmark cut their target price on shares of Wingstop from $320.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, April 20th. DA Davidson restated a “buy” rating and set a $250.00 target price on shares of Wingstop in a research report on Monday, April 20th. Wells Fargo & Company cut their target price on shares of Wingstop from $225.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, BTIG Research restated a “buy” rating and set a $305.00 target price on shares of Wingstop in a research report on Thursday, May 28th. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.82.

Wingstop Price Performance

WING opened at $166.22 on Tuesday. The firm has a market cap of $4.53 billion, a P/E ratio of 41.35, 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. The company has a 50 day simple moving average of $156.92 and a two-hundred day simple moving average of $212.04.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $183.73 million during the quarter, compared to analyst estimates of $187.82 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. Equities analysts anticipate that Wingstop Inc. will post 4.59 earnings per share for the current year.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, May 15th. Wingstop’s dividend payout ratio is presently 29.85%.

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.