Nebula Research & Development LLC Has $1.79 Million Stock Position in Wingstop Inc. (NASDAQ:WING)

Nebula Research & Development LLC boosted its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 80.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,308 shares of the restaurant operator's stock after purchasing an additional 2,803 shares during the period. Nebula Research & Development LLC's holdings in Wingstop were worth $1,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC grew its holdings in Wingstop by 3.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock worth $256,000 after acquiring an additional 34 shares during the period. CBIZ Investment Advisory Services LLC grew its stake in shares of Wingstop by 62.5% during 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 during the period. V Square Quantitative Management LLC increased its holdings in Wingstop by 34.9% in the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 37 shares during the last quarter. Arizona State Retirement System lifted its stake in Wingstop by 0.5% in the fourth quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock valued at $2,415,000 after buying an additional 42 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Wingstop by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 897 shares of the restaurant operator's stock worth $255,000 after buying an additional 47 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WING shares. UBS Group cut their price target on shares of Wingstop from $330.00 to $300.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets reduced their price target on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating on the stock in a research report on Thursday, February 20th. Guggenheim upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 price objective for the company in a research report on Monday, February 24th. Stephens reiterated an "overweight" rating and set a $450.00 target price on shares of Wingstop in a report on Wednesday, February 19th. Finally, Barclays decreased their target price on Wingstop from $315.00 to $260.00 and set an "overweight" rating for the company in a research note on Tuesday. 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 an average rating of "Moderate Buy" and a consensus target price of $334.13.

Wingstop Price Performance

Wingstop stock opened at $227.30 on Friday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 61.27, a P/E/G ratio of 2.27 and a beta of 2.02. The firm has a 50-day moving average of $226.11 and a 200-day moving average of $285.73. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.48%. Wingstop's dividend payout ratio (DPR) is presently 29.11%.

About Wingstop

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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