J. Safra Sarasin Holding AG acquired a new position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,595 shares of the restaurant operator's stock, valued at approximately $453,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in shares of Wingstop during the 4th quarter worth about $10,177,000. SG Americas Securities LLC grew its stake in Wingstop by 277.5% during the fourth quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator's stock worth $1,356,000 after buying an additional 3,507 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Wingstop by 779.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator's stock worth $5,247,000 after buying an additional 16,361 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Wingstop by 475.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator's stock valued at $19,676,000 after acquiring an additional 57,193 shares during the last quarter. Finally, Versor Investments LP raised its stake in shares of Wingstop by 149.0% in the fourth quarter. Versor Investments LP now owns 5,309 shares of the restaurant operator's stock valued at $1,509,000 after acquiring an additional 3,177 shares during the last quarter.
Wingstop Trading Up 2.9 %
Shares of WING opened at $216.38 on Thursday. The stock has a market cap of $6.04 billion, a P/E ratio of 58.32, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. Wingstop Inc. has a 1 year low of $204.00 and a 1 year high of $433.86. The stock's 50-day moving average price is $229.42 and its two-hundred day moving average price is $288.17.
Wingstop Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, March 7th. Wingstop's payout ratio is 29.11%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Northcoast Research cut Wingstop from a "buy" rating to a "neutral" rating in a report on Friday, February 21st. Guggenheim upgraded Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 target price for the company in a research note on Monday, February 24th. Wedbush reduced their price target on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Stephens reissued an "overweight" rating and set a $450.00 price objective on shares of Wingstop in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein set a $260.00 target price on shares of Wingstop in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $334.13.
Check Out Our Latest Research Report on Wingstop
Wingstop Company Profile
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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
Want to see what other hedge funds are holding WING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wingstop Inc. (NASDAQ:WING - Free Report).
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