Wingstop Inc. (NASDAQ:WING) Holdings Raised by Marshall Wace LLP

Marshall Wace LLP boosted its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 547,831 shares of the restaurant operator's stock after acquiring an additional 14,124 shares during the period. Marshall Wace LLP owned 1.88% of Wingstop worth $155,694,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of Wingstop during the fourth quarter worth $291,000. Next Century Growth Investors LLC purchased a new position in Wingstop in the 4th quarter valued at $8,279,000. Kennedy Capital Management LLC boosted its stake in shares of Wingstop by 13.4% in the fourth quarter. Kennedy Capital Management LLC now owns 22,629 shares of the restaurant operator's stock valued at $6,431,000 after buying an additional 2,666 shares in the last quarter. Neuberger Berman Group LLC grew its position in Wingstop by 43.0% during the fourth quarter. Neuberger Berman Group LLC now owns 139,360 shares of the restaurant operator's stock worth $39,606,000 after buying an additional 41,921 shares during the period. Finally, F M Investments LLC raised its stake in shares of Wingstop by 35.1% during the 4th quarter. F M Investments LLC now owns 2,393 shares of the restaurant operator's stock worth $680,000 after buying an additional 622 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on WING shares. BMO Capital Markets decreased their price target on Wingstop from $335.00 to $300.00 and set a "market perform" rating on the stock in a research note on Thursday, February 20th. Benchmark reduced their target price on Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Barclays dropped their target price on shares of Wingstop from $359.00 to $315.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. BTIG Research reaffirmed a "buy" rating on shares of Wingstop in a report on Tuesday, March 25th. Finally, Jefferies Financial Group raised Wingstop from a "hold" rating to a "buy" rating and set a $270.00 target price on the stock in a research report on Monday, March 31st. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Wingstop currently has an average rating of "Moderate Buy" and an average price target of $348.23.

Wingstop Trading Up 0.5 %

Shares of NASDAQ WING traded up $1.01 during midday trading on Friday, reaching $218.84. The company's stock had a trading volume of 506,236 shares, compared to its average volume of 578,257. Wingstop Inc. has a one year low of $205.60 and a one year high of $433.86. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 58.99, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. The company has a 50 day moving average price of $235.09 and a 200 day moving average price of $292.41.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, March 7th. Wingstop's dividend payout ratio is presently 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.