Neuberger Berman Group LLC Has $39.61 Million Stock Position in Wingstop Inc. (NASDAQ:WING)

Neuberger Berman Group LLC boosted its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 43.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,360 shares of the restaurant operator's stock after purchasing an additional 41,921 shares during the quarter. Neuberger Berman Group LLC owned about 0.48% of Wingstop worth $39,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of WING. EverSource Wealth Advisors LLC raised its stake in Wingstop by 521.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after buying an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 35 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Wingstop during the 4th quarter valued at about $30,000. V Square Quantitative Management LLC raised its stake in Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after buying an additional 37 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Wingstop in the fourth quarter valued at about $49,000.

Analysts Set New Price Targets

Several research analysts recently weighed in on WING shares. Stephens reaffirmed an "overweight" rating and issued a $450.00 target price on shares of Wingstop in a report on Wednesday, February 19th. TD Securities reduced their target price on shares of Wingstop from $365.00 to $305.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Wedbush dropped their price objective on Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. BTIG Research reiterated a "buy" rating on shares of Wingstop in a report on Tuesday, March 25th. Finally, BMO Capital Markets decreased their price target on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating for the company in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $348.23.

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Wingstop Stock Down 1.3 %

Shares of NASDAQ:WING traded down $2.85 during midday trading on Wednesday, hitting $221.81. The stock had a trading volume of 252,709 shares, compared to its average volume of 574,901. Wingstop Inc. has a 12 month low of $205.60 and a 12 month high of $433.86. The company has a market cap of $6.19 billion, a P/E ratio of 59.79, a PEG ratio of 2.27 and a beta of 2.02. The business's 50-day simple moving average is $240.25 and its 200-day simple moving average is $295.70.

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. The ex-dividend date was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.49%. Wingstop's payout ratio is 29.11%.

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.