Savoir Faire Capital Management L.P. Has $7.55 Million Stock Holdings in Wingstop Inc. $WING

Savoir Faire Capital Management L.P. grew its holdings in Wingstop Inc. (NASDAQ:WING) by 10.0% in the third quarter, HoldingsChannel reports. The fund owned 30,003 shares of the restaurant operator’s stock after buying an additional 2,731 shares during the period. Wingstop accounts for 2.7% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 16th largest position. Savoir Faire Capital Management L.P.’s holdings in Wingstop were worth $7,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Quaker Wealth Management LLC boosted its holdings in Wingstop by 134.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 408 shares during the period. Ameriflex Group Inc. bought a new stake in shares of Wingstop during the 2nd quarter valued at $43,000. Hantz Financial Services Inc. lifted its position in shares of Wingstop by 4,200.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 126 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Wingstop by 121.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 119 shares in the last quarter. Finally, True Wealth Design LLC increased its position in shares of Wingstop by 623.8% in the second quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 131 shares during the period.

Insiders Place Their Bets

In related news, Director Kilandigalu Madati sold 269 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total transaction of $69,931.93. Following the completion of the transaction, the director directly owned 5,283 shares of the company’s stock, valued at $1,373,421.51. This trade represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by insiders.

Wingstop Trading Up 1.1%

Wingstop stock opened at $271.39 on Monday. The stock has a 50-day moving average price of $255.88 and a two-hundred day moving average price of $275.76. Wingstop Inc. has a 12 month low of $204.00 and a 12 month high of $388.14. The company has a market capitalization of $7.54 billion, a PE ratio of 44.20, a P/E/G ratio of 3.11 and a beta of 1.77.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.18. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The business had revenue of $175.74 million during the quarter, compared to analyst estimates of $189.10 million. During the same quarter last year, the business earned $0.88 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. Wingstop’s payout ratio is currently 19.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reduced their price objective on shares of Wingstop from $345.00 to $280.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Royal Bank Of Canada lifted their price objective on shares of Wingstop from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $350.00 target price (down previously from $420.00) on shares of Wingstop in a report on Thursday, October 16th. Stephens reissued an “overweight” rating and set a $375.00 price target on shares of Wingstop in a report on Tuesday, November 4th. Finally, Truist Financial dropped their price objective on Wingstop from $400.00 to $365.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $340.00.

About Wingstop

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.