Lecap Asset Management Ltd. Takes Position in Wingstop Inc. $WING

Lecap Asset Management Ltd. purchased a new stake in Wingstop Inc. (NASDAQ:WING) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,203 shares of the restaurant operator’s stock, valued at approximately $405,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WING. Wedmont Private Capital acquired a new stake in Wingstop during the 1st quarter valued at approximately $269,000. Wesbanco Bank Inc. increased its position in shares of Wingstop by 79.2% during the first quarter. Wesbanco Bank Inc. now owns 6,111 shares of the restaurant operator’s stock worth $1,379,000 after buying an additional 2,700 shares during the period. Stephens Investment Management Group LLC increased its position in shares of Wingstop by 66.3% during the first quarter. Stephens Investment Management Group LLC now owns 446,601 shares of the restaurant operator’s stock worth $100,744,000 after buying an additional 178,041 shares during the period. Amundi raised its stake in Wingstop by 289.2% during the first quarter. Amundi now owns 18,595 shares of the restaurant operator’s stock worth $4,514,000 after buying an additional 13,817 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in Wingstop by 167.4% in the first quarter. Merit Financial Group LLC now owns 2,035 shares of the restaurant operator’s stock valued at $459,000 after buying an additional 1,274 shares during the period.

Insider Transactions at Wingstop

In other Wingstop 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 transaction of $4,421,118.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alex Kaleida sold 5,400 shares of the 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 directly owned 8,362 shares of the company’s stock, valued at approximately $3,144,864.58. This trade represents a 39.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,838 shares of company stock valued at $8,118,535 over the last three months. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

WING has been the subject of a number of recent analyst reports. Westpark Capital upgraded Wingstop to a “strong-buy” rating in a report on Wednesday, July 9th. Melius began coverage on Wingstop in a research report on Monday, July 14th. They set a “hold” rating and a $350.00 target price on the stock. Citigroup lifted their target price on Wingstop from $296.00 to $321.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. UBS Group boosted their price target on Wingstop from $335.00 to $385.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Wingstop in a research report on Saturday, September 27th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $376.92.

Wingstop Stock Performance

Shares of Wingstop stock opened at $251.98 on Friday. The stock has a market capitalization of $7.04 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 3.33 and a beta of 1.78. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $418.84. The stock has a 50 day moving average price of $303.50 and a two-hundred day moving average price of $296.66.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.The company had revenue of $174.33 million for the quarter, compared to analysts’ expectations of $172.60 million. During the same period last year, the business earned $0.93 EPS. Wingstop’s quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Increases Dividend

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

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.