Lisanti Capital Growth LLC Sells 10,000 Shares of Wingstop Inc. (NASDAQ:WING)

Lisanti Capital Growth LLC lessened its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 79.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,580 shares of the restaurant operator's stock after selling 10,000 shares during the quarter. Lisanti Capital Growth LLC's holdings in Wingstop were worth $1,073,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fulton Bank N.A. raised its position in shares of Wingstop by 5.0% in the third quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator's stock valued at $228,000 after purchasing an additional 26 shares during the period. CIBC Asset Management Inc raised its position in shares of Wingstop by 3.7% in the second quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator's stock valued at $347,000 after purchasing an additional 29 shares during the period. Dark Forest Capital Management LP raised its position in shares of Wingstop by 4.3% in the second quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator's stock valued at $318,000 after purchasing an additional 31 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator's stock worth $39,000 after acquiring an additional 35 shares during the last quarter. Finally, Hollencrest Capital Management grew its stake in shares of Wingstop by 53.8% in the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator's stock worth $42,000 after acquiring an additional 35 shares during the last quarter.

Wingstop Stock Performance

NASDAQ:WING traded up $3.53 on Monday, hitting $343.51. 582,449 shares of the stock were exchanged, compared to its average volume of 461,381. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 99.12, a P/E/G ratio of 3.17 and a beta of 1.76. Wingstop Inc. has a 52 week low of $210.94 and a 52 week high of $433.86. The company's 50-day moving average price is $380.53 and its 200 day moving average price is $386.09.

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

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.31%. Wingstop's dividend payout ratio (DPR) is presently 31.49%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $458.00 to $377.00 in a research note on Friday. TD Cowen decreased their price target on shares of Wingstop from $450.00 to $365.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Truist Financial lifted their price target on shares of Wingstop from $407.00 to $423.00 and gave the stock a "hold" rating in a research note on Thursday, August 1st. Citigroup lifted their price target on shares of Wingstop from $417.00 to $440.00 and gave the stock a "neutral" rating in a research note on Friday, October 4th. Finally, Raymond James upgraded shares of Wingstop from a "market perform" rating to an "outperform" rating and set a $42.00 target price on the stock in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Wingstop currently has an average rating of "Moderate Buy" and a consensus price target of $368.74.

Wingstop Company 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.