12 West Capital Management Lp buys $29,587,487 stake in Wingstop Inc (WING)

Wingstop Inc (WING) : 12 West Capital Management Lp scooped up 124,100 additional shares in Wingstop Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,055,565 shares of Wingstop Inc which is valued at $29,587,487.Wingstop Inc makes up approximately 4.59% of 12 West Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Next Century Growth Investors reduced its stake in WING by selling 6,198 shares or 5.15% in the most recent quarter. The Hedge Fund company now holds 114,203 shares of WING which is valued at $3,201,110. Wingstop Inc makes up approx 0.15% of Next Century Growth Investors’s portfolio. Lord Abbett added WING to its portfolio by purchasing 241,488 company shares during the most recent quarter which is valued at $6,486,368. Wingstop Inc makes up approx 0.02% of Lord Abbett’s portfolio.Geode Capital Management boosted its stake in WING in the latest quarter, The investment management firm added 25,428 additional shares and now holds a total of 146,691 shares of Wingstop Inc which is valued at $3,940,120. Victory Capital Management Inc added WING to its portfolio by purchasing 831,508 company shares during the most recent quarter which is valued at $21,910,236. Wingstop Inc makes up approx 0.07% of Victory Capital Management Inc’s portfolio.Jennison Associates boosted its stake in WING in the latest quarter, The investment management firm added 156,935 additional shares and now holds a total of 737,778 shares of Wingstop Inc which is valued at $20,045,428. Wingstop Inc makes up approx 0.02% of Jennison Associates’s portfolio.

Wingstop Inc closed down -0.33 points or -1.10% at $29.61 with 5,39,863 shares getting traded on Monday. Post opening the session at $30.04, the shares hit an intraday low of $29.42 and an intraday high of $30.095 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Wingstop Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.12. The company had revenue of $21.80 million for the quarter, compared to analysts expectations of $21.75 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on Wingstop Inc. Wingstop Inc was Upgraded by Wells Fargo to ” Outperform” on Nov 14, 2016.

Wingstop Inc. (Wingstop) is a franchisor and operator of restaurants that specializes in hand-sauced and tossed chicken wings. The Company offers around 11 flavors on its bone-in and boneless chicken wings paired with hand-cut seasoned fries and sides made fresh daily. The Company operates business through two segments which include Franchise segment and Company segment. The Company’s Franchise segment consists of its domestic and international franchise restaurants. Its franchise operations segment consists of approximately 693 restaurants which are operated by its Wingstop franchisees in the United States and five countries outside of the United States. The Company’s Company segment consists of Company-owned restaurants which are located in the United States.

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