Wingstop Inc. (NASDAQ:WING) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,241 shares of the restaurant operator's stock after buying an additional 1,686 shares during the period. Charles Schwab Investment Management Inc. owned about 0.70% of Wingstop worth $58,045,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WING. FMR LLC grew its stake in Wingstop by 984.7% in the third quarter. FMR LLC now owns 217,946 shares of the restaurant operator's stock worth $90,683,000 after purchasing an additional 197,853 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Wingstop by 392.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 184,068 shares of the restaurant operator's stock worth $76,587,000 after purchasing an additional 146,692 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Wingstop by 40.8% during the third quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator's stock worth $193,630,000 after purchasing an additional 134,802 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Wingstop by 20.5% during the 3rd quarter. Two Sigma Advisers LP now owns 418,418 shares of the restaurant operator's stock valued at $174,095,000 after purchasing an additional 71,300 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Wingstop by 475.0% in the 4th quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator's stock worth $19,676,000 after purchasing an additional 57,193 shares in the last quarter.

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Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WING. Morgan Stanley lowered their price target on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Raymond James reiterated an "outperform" rating and issued a $330.00 target price (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. TD Securities decreased their price target 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. Benchmark dropped their price objective on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, Stifel Nicolaus reduced their target price on Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $357.67.

Wingstop Price Performance

WING stock traded down $7.13 during trading on Thursday, hitting $212.22. The stock had a trading volume of 558,504 shares, compared to its average volume of 531,007. The company's 50-day moving average price is $272.47 and its two-hundred day moving average price is $326.37. Wingstop Inc. has a twelve month low of $207.53 and a twelve month high of $433.86. The stock has a market capitalization of $6.08 billion, a P/E ratio of 57.20, a PEG ratio of 2.27 and a beta of 1.88.

Wingstop declared that its Board of Directors has approved a share buyback 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 stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Friday, March 7th. Wingstop's dividend payout ratio (DPR) 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.