Cwm LLC Increases Stake in Wingstop Inc. $WING

Key Points

• Cwm LLC has increased its stake in Wingstop Inc. by 188.2% during the 2nd quarter, owning a total of 10,138 shares valued at approximately $3.4 million.
• Wingstop recently declared a quarterly dividend of $0.30 per share, an increase from the previous $0.27, with a 0.5% dividend yield.
• Analysts have mixed recommendations for Wingstop, with target prices ranging from $350 to $415, and a consensus rating of "Moderate Buy."

Cwm LLC increased its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 188.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,138 shares of the restaurant operator's stock after acquiring an additional 6,620 shares during the quarter. Cwm LLC's holdings in Wingstop were worth $3,414,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WING. Signaturefd LLC increased its holdings in Wingstop by 106.9% in the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock worth $34,000 after acquiring an additional 77 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in Wingstop in the 2nd quarter worth about $43,000. Geneos Wealth Management Inc. increased its holdings in 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. Parallel Advisors LLC increased its holdings in Wingstop by 22.3% in the 2nd quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 33 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in Wingstop in the 1st quarter worth about $70,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WING. Wells Fargo & Company reduced their target price on Wingstop from $415.00 to $365.00 and set an "overweight" rating for the company in a report on Thursday. Westpark Capital raised Wingstop to a "strong-buy" rating in a report on Wednesday, July 9th. Melius began coverage on Wingstop in a report on Monday, July 14th. They set a "hold" rating and a $350.00 target price for the company. Truist Financial set a $400.00 target price on Wingstop in a report on Tuesday. Finally, Stephens set a $375.00 target price on Wingstop in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Wingstop currently has a consensus rating of "Moderate Buy" and an average target price of $366.73.

Insider Activity

In related news, SVP Marisa Carona sold 11,938 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $370.34, for a total value of $4,421,118.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alex Kaleida sold 5,400 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $376.09, for a total value of $2,030,886.00. Following the completion of the sale, the chief financial officer owned 8,362 shares of the company's stock, valued at $3,144,864.58. The trade was a 39.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,838 shares of company stock worth $8,118,535. 0.72% of the stock is currently owned by insiders.

Wingstop Trading Up 4.4%

Shares of WING opened at $257.04 on Friday. The company has a market cap of $7.18 billion, a PE ratio of 42.84, a price-to-earnings-growth ratio of 3.13 and a beta of 1.78. The stock has a 50-day moving average price of $286.20 and a 200-day moving average price of $298.48. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $388.14.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.12. The firm had revenue of $174.33 million during the quarter, compared to the consensus estimate of $172.60 million. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $0.93 EPS. As a group, analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $0.30 per share. This is a boost from Wingstop's previous quarterly dividend of $0.27. The ex-dividend date was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. Wingstop's dividend payout ratio is 20.00%.

Wingstop 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.

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