Sculptor Capital LP Purchases New Holdings in Wingstop Inc. $WING

Sculptor Capital LP purchased a new stake in shares of Wingstop Inc. (NASDAQ:WING) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 200,000 shares of the restaurant operator’s stock, valued at approximately $47,698,000. Sculptor Capital LP owned 0.72% of Wingstop at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WING. Baird Financial Group Inc. purchased a new position in Wingstop during the 1st quarter valued at about $256,000. Jones Financial Companies Lllp raised its holdings in Wingstop by 2,770.6% in the first quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock worth $440,000 after buying an additional 1,884 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Wingstop by 5.6% in 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 buying an additional 4,937 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Wingstop by 121.4% in the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after buying an additional 119 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in Wingstop by 45.5% in the second quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock worth $467,000 after buying an additional 434 shares during the last quarter.

Wingstop Stock Up 2.4%

WING opened at $166.22 on Tuesday. The firm has a 50 day moving average price of $156.92 and a 200-day moving average price of $212.04. Wingstop Inc. has a twelve month low of $116.35 and a twelve month high of $381.45. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 41.35, a PEG ratio of 1.81 and a beta of 1.82.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The firm had revenue of $183.73 million during the quarter, compared to analysts’ expectations of $187.82 million. During the same period in the previous year, the company earned $0.99 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, analysts expect that Wingstop Inc. will post 4.59 earnings per share for the current year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 15th. Wingstop’s payout ratio is presently 29.85%.

Analyst Ratings Changes

Several research analysts have issued reports on WING shares. Mizuho set a $280.00 target price on shares of Wingstop in a report on Friday, June 5th. Guggenheim decreased their target price on shares of Wingstop from $255.00 to $215.00 and set a “buy” rating for the company in a report on Monday, May 4th. Stephens reaffirmed an “overweight” rating and issued a $225.00 target price on shares of Wingstop in a report on Thursday, June 4th. UBS Group decreased their target price on shares of Wingstop from $210.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, June 9th. Finally, Citigroup decreased their target price on shares of Wingstop from $230.00 to $229.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $274.82.

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.