Semanteon Capital Management LP Makes New $798,000 Investment in Wingstop Inc. (NASDAQ:WING)

Semanteon Capital Management LP acquired a new position in shares of Wingstop Inc. (NASDAQ:WING) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,111 shares of the restaurant operator’s stock, valued at approximately $798,000.

Several other large investors have also recently added to or reduced their stakes in WING. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Wingstop during the 4th quarter worth $28,000. Headlands Technologies LLC acquired a new stake in shares of Wingstop during the 3rd quarter worth $38,000. FSC Wealth Advisors LLC acquired a new stake in shares of Wingstop during the 4th quarter worth $39,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Wingstop during the 3rd quarter worth $72,000. Finally, Covestor Ltd grew its holdings in shares of Wingstop by 330.3% during the 3rd quarter. Covestor Ltd now owns 469 shares of the restaurant operator’s stock worth $84,000 after purchasing an additional 360 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on WING. Sanford C. Bernstein began coverage on Wingstop in a report on Wednesday, February 14th. They set an “outperform” rating and a $340.00 target price on the stock. Stifel Nicolaus raised their price objective on Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Stephens began coverage on Wingstop in a research note on Friday, April 12th. They issued an “overweight” rating and a $425.00 price objective on the stock. Jefferies Financial Group raised their price objective on Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Finally, Robert W. Baird raised their price objective on Wingstop from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $294.17.

Wingstop Stock Up 3.4 %

Shares of WING stock traded up $12.66 during mid-day trading on Friday, reaching $382.56. 509,902 shares of the stock traded hands, compared to its average volume of 467,574. The stock’s fifty day simple moving average is $353.29 and its two-hundred day simple moving average is $279.41. Wingstop Inc. has a 1-year low of $150.08 and a 1-year high of $383.98. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 162.79, a price-to-earnings-growth ratio of 6.27 and a beta of 1.68.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The company had revenue of $127.06 million during the quarter, compared to the consensus estimate of $120.47 million. During the same period last year, the company earned $0.60 earnings per share. The firm’s revenue was up 21.2% compared to the same quarter last year. On average, equities research analysts anticipate that Wingstop Inc. will post 3.02 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.23%. Wingstop’s dividend payout ratio (DPR) is 37.45%.

Insider Transactions at Wingstop

In other news, CEO Michael Skipworth sold 10,843 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Wingstop news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the sale, the senior vice president now directly owns 1,646 shares in the company, valued at $612,246.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the sale, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The disclosure for this sale can be found here. Insiders sold 14,901 shares of company stock worth $5,120,605 over the last ninety days. 0.36% of the stock is owned by insiders.

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.