6,666 Shares in Wingstop Inc. (NASDAQ:WING) Purchased by Diametric Capital LP

Diametric Capital LP acquired a new position in Wingstop Inc. (NASDAQ:WING - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,666 shares of the restaurant operator's stock, valued at approximately $1,894,000. Wingstop accounts for 1.3% of Diametric Capital LP's portfolio, making the stock its 12th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WING. 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 during the period. CBIZ Investment Advisory Services LLC lifted its stake in Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 35 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Wingstop during the fourth quarter worth $30,000. True Wealth Design LLC purchased a new position in shares of Wingstop during the third quarter worth $36,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Wingstop by 34.9% in the fourth 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 in the last quarter.

Wingstop Stock Performance

NASDAQ WING traded up $6.82 on Thursday, reaching $242.78. The stock had a trading volume of 2,292,334 shares, compared to its average volume of 558,696. The stock has a market cap of $6.77 billion, a P/E ratio of 65.44, a price-to-earnings-growth ratio of 2.27 and a beta of 2.01. Wingstop Inc. has a 12-month low of $205.60 and a 12-month high of $433.86. The business's 50-day moving average price is $254.66 and its 200 day moving average price is $309.15.

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Wingstop declared that its board has approved a share repurchase plan on Thursday, December 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a $0.27 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.44%. Wingstop's dividend payout ratio (DPR) is 29.11%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WING. Raymond James restated an "outperform" rating and set a $330.00 target price (down from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. TD Securities dropped 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. BMO Capital Markets dropped their price target on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating for the company in a research note on Thursday, February 20th. Benchmark cut their price target on Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, Stephens reiterated an "overweight" rating and issued a $450.00 price objective on shares of Wingstop in a research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $350.73.

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.