Fuller & Thaler Asset Management Inc. Trims Position in Wingstop Inc. (NASDAQ:WING)

Fuller & Thaler Asset Management Inc. decreased its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 99.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 584 shares of the restaurant operator's stock after selling 151,446 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Wingstop were worth $166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. American Century Companies Inc. lifted its position in shares of Wingstop by 1.9% in the 4th quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator's stock worth $342,763,000 after purchasing an additional 22,552 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Wingstop by 29.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator's stock worth $326,893,000 after buying an additional 262,229 shares during the period. Franklin Resources Inc. lifted its holdings in Wingstop by 0.9% in the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator's stock worth $326,020,000 after buying an additional 7,204 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Wingstop by 23.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator's stock valued at $227,852,000 after acquiring an additional 154,055 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Wingstop by 21.4% during the 4th quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator's stock worth $163,131,000 after acquiring an additional 101,247 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WING. Raymond James restated an "outperform" rating and set a $330.00 price target (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Wells Fargo & Company began coverage on shares of Wingstop in a report on Wednesday, March 26th. They set an "overweight" rating and a $270.00 target price on the stock. Barclays decreased their price target on shares of Wingstop from $315.00 to $260.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Truist Financial dropped their price objective on shares of Wingstop from $265.00 to $242.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Finally, Stephens reaffirmed an "overweight" rating and set a $450.00 target price on shares of Wingstop in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $334.13.

Wingstop Stock Up 4.5 %

Shares of Wingstop stock opened at $227.30 on Friday. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 61.27, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. The company's 50 day moving average is $226.11 and its 200 day moving average is $284.91.

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 paid 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 currently 29.11%.

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.

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