LPL Financial LLC Grows Stock Holdings in Wingstop Inc. (NASDAQ:WING)

LPL Financial LLC increased its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 40.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,960 shares of the restaurant operator's stock after buying an additional 4,918 shares during the period. LPL Financial LLC owned 0.06% of Wingstop worth $4,820,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of Wingstop by 521.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 35 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Wingstop during the 4th quarter worth about $30,000. V Square Quantitative Management LLC lifted its position in shares of Wingstop by 34.9% during the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 37 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Wingstop during the fourth quarter valued at approximately $71,000.

Wingstop Price Performance

Shares of NASDAQ WING traded down $3.00 during trading on Friday, reaching $237.29. 465,079 shares of the stock traded hands, compared to its average volume of 574,541. The stock has a market capitalization of $6.62 billion, a P/E ratio of 63.96, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. Wingstop Inc. has a 52-week low of $205.60 and a 52-week high of $433.86. The company has a 50-day moving average of $243.36 and a 200-day moving average of $297.45.

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Wingstop Announces Dividend

The firm 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 0.46%. The ex-dividend date of this dividend was Friday, March 7th. Wingstop's dividend payout ratio is 29.11%.

Analysts Set New Price Targets

Several brokerages have weighed in on WING. Stifel Nicolaus dropped their price objective on Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. Raymond James restated an "outperform" rating and issued a $330.00 price objective (down from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Wedbush lowered their target price on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. UBS Group dropped their target price on shares of Wingstop from $330.00 to $300.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Finally, Barclays reduced their price target on Wingstop from $359.00 to $315.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $348.23.

Wingstop Company 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.