California Public Employees Retirement System Sells 3,007 Shares of Wingstop Inc. (NASDAQ:WING)

California Public Employees Retirement System lessened its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,919 shares of the restaurant operator's stock after selling 3,007 shares during the quarter. California Public Employees Retirement System owned about 0.18% of Wingstop worth $15,040,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Pictet Asset Management Holding SA boosted its position in shares of Wingstop by 11.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,229 shares of the restaurant operator's stock worth $1,202,000 after purchasing an additional 451 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Wingstop by 4.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 15,864 shares of the restaurant operator's stock worth $4,509,000 after acquiring an additional 669 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Wingstop in the fourth quarter worth $1,765,000. Norges Bank purchased a new stake in shares of Wingstop in the fourth quarter worth $106,123,000. Finally, WINTON GROUP Ltd increased its holdings in shares of Wingstop by 950.6% during the fourth quarter. WINTON GROUP Ltd now owns 21,011 shares of the restaurant operator's stock valued at $5,971,000 after acquiring an additional 19,011 shares in the last quarter.

Analysts Set New Price Targets

WING has been the topic of a number of analyst reports. UBS Group dropped their price target 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. Guggenheim upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 target price on the stock in a research note on Monday, February 24th. Wells Fargo & Company started coverage on shares of Wingstop in a research report on Wednesday, March 26th. They set an "overweight" rating and a $270.00 price target for the company. Benchmark lowered their price objective on Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, Stephens reissued an "overweight" rating and issued a $450.00 target price on shares of Wingstop in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Wingstop presently has an average rating of "Moderate Buy" and a consensus price target of $348.23.

Wingstop Price Performance

Shares of NASDAQ:WING traded up $24.51 during mid-day trading on Wednesday, reaching $246.22. 1,462,772 shares of the company traded hands, compared to its average volume of 571,921. Wingstop Inc. has a 52 week low of $205.60 and a 52 week high of $433.86. The firm has a market cap of $6.87 billion, a PE ratio of 66.37, a PEG ratio of 2.27 and a beta of 2.02. The company's 50 day moving average price is $246.02 and its 200-day moving average price is $300.92.

Wingstop Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.44%. Wingstop's dividend payout ratio (DPR) 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.