Kennedy Capital Management LLC raised its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,629 shares of the restaurant operator's stock after purchasing an additional 2,666 shares during the quarter. Kennedy Capital Management LLC owned 0.08% of Wingstop worth $6,431,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in Wingstop by 1.9% during the fourth 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 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 boosted its holdings in Wingstop by 23.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator's stock valued at $227,852,000 after purchasing an additional 154,055 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Wingstop by 21.4% in the 4th quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator's stock worth $163,131,000 after purchasing an additional 101,247 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Wingstop in the fourth quarter worth $115,301,000.
Wingstop Trading Down 3.6 %
Shares of WING traded down $8.38 during trading hours on Tuesday, reaching $224.66. 577,525 shares of the stock traded hands, compared to its average volume of 576,114. Wingstop Inc. has a 52 week low of $205.60 and a 52 week high of $433.86. The stock has a fifty day simple moving average of $240.25 and a 200 day simple moving average of $295.70. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 60.56, a PEG ratio of 2.27 and a beta of 2.02.
Wingstop Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Friday, March 7th. Wingstop's dividend payout ratio (DPR) is currently 29.11%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on WING shares. BMO Capital Markets decreased their price objective on Wingstop from $335.00 to $300.00 and set a "market perform" rating for the company in a 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 price target on the stock in a research report on Monday, March 31st. Morgan Stanley cut their price objective on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. BTIG Research reaffirmed a "buy" rating on shares of Wingstop in a report on Tuesday, March 25th. Finally, Northcoast Research cut Wingstop from a "buy" rating to a "neutral" rating in a research note on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $348.23.
Get Our Latest Analysis on WING
About Wingstop
(
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.
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