2,913 Shares in Wingstop Inc. (NASDAQ:WING) Bought by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC acquired a new position in Wingstop Inc. (NASDAQ:WING - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,913 shares of the restaurant operator's stock, valued at approximately $828,000.

Several other hedge funds have also modified their holdings of WING. FIL Ltd purchased a new stake in Wingstop during the 4th quarter worth approximately $1,313,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Wingstop during the fourth quarter worth approximately $49,000. Russell Investments Group Ltd. raised its stake in Wingstop by 63.2% in the 4th quarter. Russell Investments Group Ltd. now owns 127,980 shares of the restaurant operator's stock valued at $36,372,000 after purchasing an additional 49,548 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Wingstop by 3.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 74,214 shares of the restaurant operator's stock valued at $21,092,000 after acquiring an additional 2,273 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. increased its holdings in shares of Wingstop by 168.0% in the fourth quarter. Savoir Faire Capital Management L.P. now owns 38,047 shares of the restaurant operator's stock valued at $10,813,000 after purchasing an additional 23,851 shares during the last quarter.

Wingstop Price Performance

NASDAQ:WING traded down $4.51 during mid-day trading on Monday, reaching $232.78. The company's stock had a trading volume of 180,375 shares, compared to its average volume of 573,043. The stock has a market cap of $6.50 billion, a P/E ratio of 62.74, a P/E/G ratio of 2.27 and a beta of 2.02. The company's fifty day simple moving average is $243.36 and its two-hundred day simple moving average is $297.45. Wingstop Inc. has a twelve month low of $205.60 and a twelve month high of $433.86.

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Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a $0.27 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.08 annualized dividend and a dividend yield of 0.46%. Wingstop's dividend payout ratio is presently 29.11%.

Analyst Ratings Changes

A number of brokerages have commented on WING. UBS Group reduced their target price on shares of Wingstop from $330.00 to $300.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets decreased their price target on Wingstop from $335.00 to $300.00 and set a "market perform" rating on the stock in a research note on Thursday, February 20th. Guggenheim raised Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 price target on the stock in a research report on Monday, February 24th. Barclays cut their price target on Wingstop from $359.00 to $315.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Finally, Stephens reaffirmed an "overweight" rating and set a $450.00 price objective on shares of Wingstop in a research report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $348.23.

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.