Savoir Faire Capital Management L.P. Invests $5.91 Million in Wingstop Inc. (NASDAQ:WING)

Savoir Faire Capital Management L.P. bought a new position in Wingstop Inc. (NASDAQ:WING - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,196 shares of the restaurant operator's stock, valued at approximately $5,907,000. Wingstop accounts for about 3.0% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 9th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of WING. Millennium Management LLC increased its stake in Wingstop by 284.1% in the 2nd quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator's stock valued at $161,957,000 after buying an additional 283,412 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Wingstop by 36.6% during the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator's stock worth $254,860,000 after acquiring an additional 161,600 shares in the last quarter. AQR Capital Management LLC boosted its position in Wingstop by 66.6% during the second quarter. AQR Capital Management LLC now owns 325,920 shares of the restaurant operator's stock valued at $137,753,000 after purchasing an additional 130,248 shares during the last quarter. Vanguard Group Inc. grew its stake in Wingstop by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator's stock valued at $1,071,473,000 after purchasing an additional 104,780 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Wingstop by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator's stock worth $833,026,000 after purchasing an additional 101,917 shares during the last quarter.

Wingstop Stock Up 2.7 %

Wingstop stock traded up $8.94 during mid-day trading on Tuesday, reaching $335.58. The company had a trading volume of 381,590 shares, compared to its average volume of 463,046. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 97.84, a PEG ratio of 2.95 and a beta of 1.76. The company has a 50 day moving average of $374.77 and a 200-day moving average of $383.66. Wingstop Inc. has a 52 week low of $227.54 and a 52 week high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The company had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same quarter in the previous year, the business posted $0.69 EPS. The firm's quarterly revenue was up 38.8% on a year-over-year basis. On average, analysts predict that Wingstop Inc. will post 3.68 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Friday, November 15th. Wingstop's dividend payout ratio is presently 31.49%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WING. Raymond James upgraded Wingstop from a "market perform" rating to an "outperform" rating and set a $42.00 price target for the company in a report on Thursday, August 1st. Piper Sandler reduced their target price on shares of Wingstop from $375.00 to $300.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. BTIG Research upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 price target on the stock in a research note on Thursday, October 31st. Wedbush reaffirmed an "outperform" rating and issued a $390.00 price objective on shares of Wingstop in a research note on Tuesday, November 5th. Finally, Stephens lowered their target price on shares of Wingstop from $490.00 to $468.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Wingstop presently has an average rating of "Moderate Buy" and a consensus target price of $368.74.

Wingstop Profile

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.