Wingstop Inc. (NASDAQ:WING) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 50.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,666 shares of the restaurant operator's stock after selling 4,841 shares during the quarter. Cerity Partners LLC's holdings in Wingstop were worth $1,326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in Wingstop during the fourth quarter valued at $49,000. Russell Investments Group Ltd. lifted its holdings in shares of 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 buying an additional 49,548 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Wingstop by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 74,214 shares of the restaurant operator's stock worth $21,092,000 after buying an additional 2,273 shares during the last quarter. Savoir Faire Capital Management L.P. grew its holdings in Wingstop by 168.0% during the fourth quarter. Savoir Faire Capital Management L.P. now owns 38,047 shares of the restaurant operator's stock worth $10,813,000 after acquiring an additional 23,851 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in Wingstop by 7.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,068 shares of the restaurant operator's stock valued at $588,000 after acquiring an additional 150 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Stephens restated an "overweight" rating and issued a $450.00 price objective on shares of Wingstop in a research report on Wednesday, February 19th. Barclays lowered their price target on shares of Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a report on Tuesday. TD Securities cut their price objective on shares of Wingstop from $365.00 to $305.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Raymond James reissued an "outperform" rating and set a $330.00 target price (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Finally, Morgan Stanley cut their price target on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Six equities 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $334.13.

Wingstop Trading Up 5.5 %

WING stock traded up $11.57 during mid-day trading on Wednesday, reaching $221.81. The company's stock had a trading volume of 195,946 shares, compared to its average volume of 579,335. The company's 50 day moving average is $231.19 and its two-hundred day moving average is $288.67. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The stock has a market cap of $6.19 billion, a PE ratio of 59.79, a P/E/G ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.27 per share. The ex-dividend date was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 0.49%. Wingstop's payout ratio is 29.11%.

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.