West Oak Capital LLC Sells 100 Shares of Wingstop Inc. (NASDAQ:WING)

West Oak Capital LLC decreased its position in Wingstop Inc. (NASDAQ:WING) by 25.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 300 shares of the restaurant operator’s stock after selling 100 shares during the period. West Oak Capital LLC’s holdings in Wingstop were worth $125,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Claro Advisors LLC bought a new position in shares of Wingstop in the third quarter valued at approximately $245,000. V Square Quantitative Management LLC grew its stake in Wingstop by 60.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 40 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Wingstop by 20.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,016 shares of the restaurant operator’s stock valued at $423,000 after purchasing an additional 174 shares during the last quarter. Carnegie Investment Counsel boosted its holdings in shares of Wingstop by 5.9% in the 3rd quarter. Carnegie Investment Counsel now owns 26,929 shares of the restaurant operator’s stock worth $11,204,000 after buying an additional 1,498 shares during the last quarter. Finally, CWM LLC increased its holdings in Wingstop by 132.0% during the third quarter. CWM LLC now owns 5,306 shares of the restaurant operator’s stock worth $2,208,000 after buying an additional 3,019 shares during the last quarter.

Wingstop Stock Down 0.8 %

NASDAQ WING opened at $370.69 on Friday. The stock’s 50-day simple moving average is $396.04 and its two-hundred day simple moving average is $388.30. Wingstop Inc. has a twelve month low of $173.74 and a twelve month high of $433.86. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 131.92, a PEG ratio of 3.98 and a beta of 1.71.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The company had revenue of $155.70 million during the quarter, compared to the consensus estimate of $146.04 million. During the same quarter in the previous year, the company posted $0.57 EPS. Wingstop’s quarterly revenue was up 45.3% compared to the same quarter last year. On average, equities analysts expect that Wingstop Inc. will post 3.79 earnings per share for the current fiscal year.

Wingstop Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.29%. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s dividend payout ratio (DPR) is currently 38.43%.

Insider Buying and Selling

In other news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $372.71, for a total value of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares in the company, valued at approximately $36,152.87. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WING. The Goldman Sachs Group increased their price objective on Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Thursday, August 1st. Truist Financial upped their price objective on shares of Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Piper Sandler boosted their price target on shares of Wingstop from $353.00 to $375.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Wedbush raised their price objective on shares of Wingstop from $425.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Wingstop currently has an average rating of “Hold” and a consensus price target of $382.00.

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.