FIL Ltd purchased a new stake in Wingstop Inc. (NASDAQ:WING - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,619 shares of the restaurant operator's stock, valued at approximately $1,313,000.
Several other hedge funds have also bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new stake in shares of Wingstop during the fourth quarter valued at approximately $49,000. Russell Investments Group Ltd. boosted its stake in Wingstop by 63.2% in the 4th quarter. Russell Investments Group Ltd. now owns 127,980 shares of the restaurant operator's stock worth $36,372,000 after purchasing an additional 49,548 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Wingstop by 3.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 74,214 shares of the restaurant operator's stock valued at $21,092,000 after purchasing an additional 2,273 shares in the last quarter. Savoir Faire Capital Management L.P. lifted its position 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 valued at $10,813,000 after purchasing an additional 23,851 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Wingstop by 7.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,068 shares of the restaurant operator's stock valued at $588,000 after purchasing an additional 150 shares during the last quarter.
Wingstop Stock Down 3.0 %
Shares of WING stock traded down $6.83 during mid-day trading on Wednesday, reaching $217.83. The stock had a trading volume of 682,360 shares, compared to its average volume of 576,537. The firm has a market cap of $6.08 billion, a PE ratio of 58.71, a P/E/G ratio of 2.27 and a beta of 2.02. The firm's 50 day simple moving average is $240.25 and its 200 day simple moving average is $295.70. Wingstop Inc. has a one year low of $205.60 and a one year high of $433.86.
Wingstop Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.27 per share. 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 0.50%. Wingstop's payout ratio is 29.11%.
Analysts Set New Price Targets
WING has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on Wingstop from $389.00 to $375.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. UBS Group lowered their price target on Wingstop from $330.00 to $300.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Jefferies Financial Group upgraded shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 target price for the company in a research report on Monday, March 31st. TD Securities decreased their target price on shares of Wingstop from $365.00 to $305.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, BTIG Research reaffirmed a "buy" rating on shares of Wingstop in a research note on Tuesday, March 25th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $348.23.
Read Our Latest Stock Analysis on WING
Wingstop Company Profile
(
Free Report)
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.
Further Reading
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