Advisory Services Network LLC Makes New Investment in Wingstop Inc. (NASDAQ:WING)

Advisory Services Network LLC bought a new position in Wingstop Inc. (NASDAQ:WING - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,433 shares of the restaurant operator's stock, valued at approximately $1,260,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC grew its holdings in Wingstop by 3.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock worth $256,000 after acquiring an additional 34 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Wingstop by 0.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,523 shares of the restaurant operator's stock valued at $4,794,000 after purchasing an additional 35 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 35 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 37 shares during the period. Finally, Arizona State Retirement System grew its holdings in Wingstop by 0.5% during the fourth quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock valued at $2,415,000 after purchasing an additional 42 shares during the period.

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Analysts Set New Price Targets

Several research analysts have recently commented on WING shares. Raymond James reissued an "outperform" rating and set a $330.00 price objective (down previously from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Wedbush lowered their price objective on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Northcoast Research cut shares of Wingstop from a "buy" rating to a "neutral" rating in a report on Friday, February 21st. Barclays dropped their price target on shares of Wingstop from $359.00 to $315.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Finally, Jefferies Financial Group raised Wingstop from a "hold" rating to a "buy" rating and set a $270.00 target price for the company in a research report on Monday, March 31st. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $348.23.

Wingstop Stock Down 3.0 %

Shares of NASDAQ:WING traded down $6.83 during trading on Wednesday, hitting $217.83. 682,360 shares of the company traded hands, compared to its average volume of 576,944. The business's fifty day moving average is $238.50 and its 200-day moving average is $295.16. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 58.71, a PEG ratio of 2.27 and a beta of 2.02. Wingstop Inc. has a one year low of $205.60 and a one year high of $433.86.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, March 7th. Wingstop's dividend payout ratio is presently 29.11%.

Wingstop 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.