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

Semanteon Capital Management LP acquired a new position in Wingstop Inc. (NASDAQ:WING) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,111 shares of the restaurant operator’s stock, valued at approximately $798,000.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Wingstop by 29.4% in the third quarter. American Century Companies Inc. now owns 1,626,558 shares of the restaurant operator’s stock valued at $292,520,000 after purchasing an additional 370,032 shares during the period. Wellington Management Group LLP boosted its stake in Wingstop by 11.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,167,230 shares of the restaurant operator’s stock valued at $209,915,000 after acquiring an additional 121,134 shares during the last quarter. Federated Hermes Inc. boosted its stake in Wingstop by 1.8% during the 4th quarter. Federated Hermes Inc. now owns 1,107,852 shares of the restaurant operator’s stock valued at $284,253,000 after acquiring an additional 19,540 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Wingstop by 64.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,079,939 shares of the restaurant operator’s stock worth $194,216,000 after buying an additional 422,727 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Wingstop by 34.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 506,395 shares of the restaurant operator’s stock worth $91,070,000 after buying an additional 130,958 shares during the last quarter.

Insider Activity at Wingstop

In other news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total value of $3,658,428.20. Following the transaction, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total value of $3,658,428.20. Following the transaction, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the transaction, the director now directly owns 5,450 shares in the company, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,901 shares of company stock valued at $5,120,605. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Stephens assumed coverage on shares of Wingstop in a research report on Friday, April 12th. They issued an “overweight” rating and a $425.00 price target on the stock. Wedbush raised their price target on shares of Wingstop from $340.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday. TD Cowen reaffirmed a “buy” rating and issued a $410.00 price objective on shares of Wingstop in a report on Wednesday, April 10th. Finally, Sanford C. Bernstein assumed coverage on shares of Wingstop in a report on Wednesday, February 14th. They issued an “outperform” rating and a $340.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $294.17.

Wingstop Stock Performance

Shares of WING stock traded up $12.66 during trading on Friday, hitting $382.56. 509,902 shares of the company were exchanged, compared to its average volume of 467,574. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 162.79, a P/E/G ratio of 6.27 and a beta of 1.68. The business’s 50-day simple moving average is $353.29 and its 200 day simple moving average is $279.41. Wingstop Inc. has a twelve month low of $150.08 and a twelve month high of $383.98.

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

Wingstop Dividend Announcement

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

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.