Bessemer Group Inc. boosted its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 33.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,456 shares of the restaurant operator's stock after buying an additional 17,347 shares during the quarter. Bessemer Group Inc. owned 0.23% of Wingstop worth $19,457,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Wingstop in the 4th quarter worth approximately $115,301,000. Norges Bank acquired a new position in shares of Wingstop during the fourth quarter valued at approximately $106,123,000. Massachusetts Financial Services Co. MA boosted its position in shares of Wingstop by 23.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator's stock valued at $227,852,000 after purchasing an additional 154,055 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Wingstop by 21.4% during the 4th quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator's stock valued at $163,131,000 after acquiring an additional 101,247 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Wingstop by 47.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 268,657 shares of the restaurant operator's stock worth $76,352,000 after acquiring an additional 86,077 shares in the last quarter.
Wall Street Analyst Weigh In
Several research analysts have issued reports on WING shares. Morgan Stanley dropped their price objective on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. UBS Group lowered their target price on Wingstop from $330.00 to $300.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. TD Securities dropped their price target on Wingstop from $365.00 to $305.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Robert W. Baird reduced their target price on Wingstop from $375.00 to $350.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Finally, Stephens reaffirmed an "overweight" rating and issued a $450.00 price objective on shares of Wingstop in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $348.23.
View Our Latest Analysis on WING
Wingstop Price Performance
Shares of Wingstop stock traded down $1.20 during trading hours on Wednesday, hitting $223.46. The company's stock had a trading volume of 205,086 shares, compared to its average volume of 574,730. The company has a market capitalization of $6.24 billion, a PE ratio of 60.23, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. The stock has a 50 day moving average of $240.25 and a 200 day moving average of $295.70. Wingstop Inc. has a 12 month low of $205.60 and a 12 month high of $433.86.
Wingstop Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 annualized dividend and a dividend yield of 0.48%. Wingstop's dividend payout ratio is presently 29.11%.
About Wingstop
(
Free Report)
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.
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