Arrowstreet Capital Limited Partnership Has $123.82 Million Stock Holdings in Wingstop Inc. (NASDAQ:WING)

Arrowstreet Capital Limited Partnership reduced its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435,685 shares of the restaurant operator's stock after selling 48,832 shares during the period. Arrowstreet Capital Limited Partnership owned 1.49% of Wingstop worth $123,822,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its position in shares of Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 35 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Wingstop in the fourth quarter worth $30,000. True Wealth Design LLC bought a new stake in shares of Wingstop during the 3rd quarter worth $36,000. Finally, V Square Quantitative Management LLC grew its stake in Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after buying an additional 37 shares during the last quarter.

Wingstop Stock Up 4.8 %

NASDAQ:WING traded up $10.82 on Tuesday, reaching $236.40. The stock had a trading volume of 1,047,698 shares, compared to its average volume of 550,710. The company has a market capitalization of $6.60 billion, a P/E ratio of 63.72, a price-to-earnings-growth ratio of 2.27 and a beta of 1.88. Wingstop Inc. has a 1-year low of $205.60 and a 1-year high of $433.86. The stock has a fifty day moving average price of $255.62 and a 200-day moving average price of $309.67.

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Wingstop Announces Dividend

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

Wingstop announced that its Board of Directors has approved a share repurchase program on Thursday, December 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire up to 5.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

WING has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of 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. Barclays cut their price objective on Wingstop from $359.00 to $315.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Raymond James reaffirmed an "outperform" rating and issued a $330.00 price target (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. TD Securities cut their price target on Wingstop from $365.00 to $305.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Benchmark dropped their target price on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $350.73.

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.