Fiera Capital Corp Has $67.36 Million Stake in Wingstop Inc. (NASDAQ:WING)

Fiera Capital Corp cut its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 237,003 shares of the restaurant operator's stock after selling 5,711 shares during the period. Fiera Capital Corp owned about 0.81% of Wingstop worth $67,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WING. State Street Corp grew its stake in shares of Wingstop by 1.5% in the third quarter. State Street Corp now owns 861,783 shares of the restaurant operator's stock valued at $358,571,000 after buying an additional 12,549 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Wingstop by 0.9% in the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator's stock valued at $326,020,000 after buying an additional 7,204 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Wingstop by 7.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 647,677 shares of the restaurant operator's stock valued at $269,485,000 after buying an additional 46,772 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Wingstop by 40.8% in the third quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator's stock valued at $193,630,000 after buying an additional 134,802 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Wingstop by 20.5% in the third quarter. Two Sigma Advisers LP now owns 418,418 shares of the restaurant operator's stock valued at $174,095,000 after buying an additional 71,300 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WING shares. Northcoast Research raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 price objective for the company in a research report on Friday, November 1st. Wedbush reaffirmed an "outperform" rating and set a $390.00 price objective on shares of Wingstop in a research report on Tuesday, November 5th. Raymond James reaffirmed an "outperform" rating and set a $330.00 price objective (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Stephens reaffirmed an "overweight" rating and set a $468.00 price objective on shares of Wingstop in a research report on Thursday, January 2nd. Finally, Benchmark raised shares of Wingstop from a "hold" rating to a "buy" rating and set a $340.00 price objective for the company in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $385.72.

Wingstop Price Performance

WING stock traded down $7.24 during midday trading on Friday, reaching $304.69. The company had a trading volume of 641,132 shares, compared to its average volume of 521,474. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 88.83, a price-to-earnings-growth ratio of 2.76 and a beta of 1.81. The stock has a 50 day moving average price of $293.97 and a 200-day moving average price of $343.57. Wingstop Inc. has a 1-year low of $266.45 and a 1-year high of $433.86.

Wingstop announced that its board has authorized a stock 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 usually an indication that the company's management believes its stock is undervalued.

Insider Activity at Wingstop

In other Wingstop news, SVP Raj Kapoor sold 266 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $324.38, for a total transaction of $86,285.08. Following the completion of the transaction, the senior vice president now owns 266 shares of the company's stock, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by insiders.

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.