Enhancing Capital LLC Invests $521,000 in Wingstop Inc. $WING

Key Points

• Enhancing Capital LLC recently acquired 1,548 shares of Wingstop Inc. (NASDAQ:WING), valued at approximately $521,000, according to their Form 13F filing.
• Wingstop announced a quarterly dividend increase from $0.27 to $0.30 per share, representing a 0.5% dividend yield.
• Analysts are generally optimistic about Wingstop, with a consensus rating of "Moderate Buy" and an average price target of $380.52.

Enhancing Capital LLC purchased a new stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,548 shares of the restaurant operator's stock, valued at approximately $521,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its holdings in Wingstop by 93.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock valued at $29,000 after buying an additional 62 shares during the period. Signaturefd LLC raised its holdings in Wingstop by 106.9% during the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock valued at $34,000 after buying an additional 77 shares during the period. Parallel Advisors LLC raised its holdings in Wingstop by 22.3% during the 2nd quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $61,000 after buying an additional 33 shares during the period. Geneos Wealth Management Inc. raised its holdings in Wingstop by 121.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator's stock valued at $49,000 after buying an additional 119 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Wingstop by 16.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 223 shares of the restaurant operator's stock valued at $75,000 after buying an additional 32 shares during the period.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WING. Melius started coverage on Wingstop in a report on Monday, July 14th. They set a "hold" rating and a $350.00 price target on the stock. UBS Group increased their target price on Wingstop from $335.00 to $385.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Wedbush reiterated an "outperform" rating on shares of Wingstop in a research note on Wednesday, September 17th. Sanford C. Bernstein reiterated an "overweight" rating and issued a $440.00 target price on shares of Wingstop in a research note on Thursday, July 31st. Finally, Wolfe Research started coverage on Wingstop in a research note on Wednesday, July 9th. They issued an "outperform" rating and a $280.00 target price on the stock. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Wingstop presently has an average rating of "Moderate Buy" and a consensus target price of $380.52.

Wingstop Price Performance

NASDAQ WING traded down $1.17 during trading on Tuesday, hitting $254.66. The company's stock had a trading volume of 381,100 shares, compared to its average volume of 826,811. The company has a market cap of $7.11 billion, a PE ratio of 42.34, a P/E/G ratio of 3.18 and a beta of 1.87. The business's 50 day simple moving average is $315.08 and its 200-day simple moving average is $295.26. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86.

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 for the quarter, topping the consensus estimate of $0.88 by $0.12. The business 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 quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. Analysts expect that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a $0.30 dividend. This is a boost from Wingstop's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 15th. 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.