EFG Asset Management North America Corp. Has $2.30 Million Stake in Wingstop Inc. (NASDAQ:WING)

EFG Asset Management North America Corp. grew its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 26.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,095 shares of the restaurant operator's stock after purchasing an additional 1,671 shares during the period. EFG Asset Management North America Corp.'s holdings in Wingstop were worth $2,299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in Wingstop during the fourth quarter worth approximately $10,177,000. SG Americas Securities LLC boosted its stake in Wingstop by 277.5% during the 4th quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator's stock valued at $1,356,000 after purchasing an additional 3,507 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in Wingstop by 779.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator's stock valued at $5,247,000 after buying an additional 16,361 shares during the last quarter. Los Angeles Capital Management LLC increased its position in 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 buying an additional 57,193 shares during the period. Finally, Conway Capital Management Inc. bought a new position in Wingstop in the 3rd quarter worth approximately $3,544,000.

Wingstop Price Performance

WING traded down $5.29 during trading on Friday, reaching $224.00. The company had a trading volume of 1,059,289 shares, compared to its average volume of 546,828. The company has a market cap of $6.25 billion, a P/E ratio of 60.38, a PEG ratio of 2.27 and a beta of 1.88. Wingstop Inc. has a 12 month low of $205.60 and a 12 month high of $433.86. The business's fifty day moving average price is $257.45 and its 200 day moving average price is $312.53.

Wingstop declared that its Board of Directors has authorized a share buyback program on Thursday, December 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the restaurant operator to repurchase up to 5.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued 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 0.48%. Wingstop's dividend payout ratio (DPR) is 29.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WING shares. Benchmark lowered their price objective on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. TD Securities decreased their price target on shares of Wingstop from $365.00 to $305.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets dropped their price objective on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating on the stock in a report on Thursday, February 20th. Barclays reduced their target price on shares of Wingstop from $359.00 to $315.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Finally, Raymond James restated an "outperform" rating and set a $330.00 price target (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $353.68.

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.