Sun Sep 15 12:40:52 UTC 2024: ## Wingstop Stock Sees Mixed Activity: Qsemble Capital Management Decreases Holdings, While Other Institutions Buy In
**Dallas, TX** – Wingstop Inc. (NASDAQ: WING) has seen varied investor activity in recent months, with some institutions reducing their holdings while others increase their stakes. Notably, Qsemble Capital Management LP significantly decreased its holdings in Wingstop during the second quarter, selling off 84.8% of its shares.
The fund now owns only 540 shares, valued at $228,000, after selling 3,024 shares. Despite this move, other institutional investors and hedge funds have shown continued interest in Wingstop.
Rise Advisors LLC, Ashton Thomas Private Wealth LLC, Massmutual Trust Co. FSB ADV, and GAMMA Investing LLC all acquired new positions or increased their existing holdings in the restaurant operator during the first and second quarters.
Meanwhile, Wingstop’s SVP Donnie Upshaw sold 3,199 shares of the company’s stock in August, for a total transaction of $1,192,299.29. Following the sale, Upshaw now owns 97 shares.
Despite mixed investor activity, Wingstop continues to perform well financially. The company reported strong second-quarter earnings, exceeding analyst expectations with $0.93 EPS and $155.70 million in revenue.
Analysts remain optimistic about Wingstop’s future, with several firms reiterating their “buy” ratings and raising their price targets. However, the stock currently has a consensus rating of “Hold” with an average price target of $378.65.
Wingstop also recently announced a quarterly dividend of $0.27 per share, an increase from its previous dividend of $0.22. The company’s dividend payout ratio is currently 38.43%.
Overall, while Qsemble Capital Management’s significant reduction in holdings raises some questions, continued strong financial performance and positive analyst sentiment suggest Wingstop remains a company with a bright future.
First Piper 