Sivia Capital Partners LLC Takes Position in Wingstop Inc. (NASDAQ:WING)

Sivia Capital Partners LLC bought a new stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 953 shares of the restaurant operator's stock, valued at approximately $215,000.

A number of other large investors have also modified their holdings of WING. EverSource Wealth Advisors LLC lifted its position in Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after buying an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after buying an additional 35 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Wingstop by 93.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock worth $29,000 after buying an additional 62 shares during the period. SBI Securities Co. Ltd. acquired a new position in Wingstop in the fourth quarter valued at about $30,000. Finally, True Wealth Design LLC grew its holdings in shares of Wingstop by 62.1% during the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock worth $40,000 after purchasing an additional 54 shares during the last quarter.

Wall Street Analysts Forecast Growth

WING has been the topic of several research analyst reports. Jefferies Financial Group raised Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price objective on the stock in a research note on Monday, March 31st. TD Securities upped their price objective on Wingstop from $330.00 to $400.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Wells Fargo & Company boosted their target price on shares of Wingstop from $320.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Northcoast Research cut shares of Wingstop from a "buy" rating to a "neutral" rating in a research note on Friday, February 21st. Finally, Truist Financial upgraded shares of Wingstop from a "hold" rating to a "buy" rating and boosted their price target for the stock from $274.00 to $400.00 in a research report on Tuesday, May 27th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $350.96.

Insiders Place Their Bets

In related news, SVP Raj Kapoor sold 637 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $273.07, for a total value of $173,945.59. Following the completion of the sale, the senior vice president now owns 517 shares in the company, valued at $141,177.19. This represents a 55.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Skipworth sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $337.34, for a total value of $3,373,400.00. Following the completion of the transaction, the chief executive officer now owns 47,190 shares of the company's stock, valued at approximately $15,919,074.60. This represents a 17.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company's stock.

Wingstop Price Performance

WING traded down $22.55 during trading hours on Thursday, hitting $358.45. 1,131,922 shares of the stock were exchanged, compared to its average volume of 634,438. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 96.62, a price-to-earnings-growth ratio of 2.27 and a beta of 1.88. Wingstop Inc. has a 12 month low of $204.00 and a 12 month high of $433.86. The stock has a 50-day simple moving average of $283.87 and a 200-day simple moving average of $278.02.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. The firm had revenue of $171.09 million during the quarter, compared to analyst estimates of $172.25 million. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The firm's quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. Sell-side analysts expect that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend was Friday, May 16th. Wingstop's dividend payout ratio is currently 18.09%.

About Wingstop

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.