New Age Alpha Advisors LLC Takes $1.77 Million Position in Wingstop Inc. (NASDAQ:WING)

New Age Alpha Advisors LLC acquired a new position in Wingstop Inc. (NASDAQ:WING - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,212 shares of the restaurant operator's stock, valued at approximately $1,765,000.

Several other large investors also recently made changes to their positions in the business. American Century Companies Inc. raised its holdings in shares of Wingstop by 1.9% in the fourth quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator's stock valued at $342,763,000 after buying an additional 22,552 shares during the last quarter. State Street Corp raised its stake in shares of Wingstop by 1.5% in the third quarter. State Street Corp now owns 861,783 shares of the restaurant operator's stock worth $358,571,000 after acquiring an additional 12,549 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Wingstop by 0.9% during the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator's stock worth $326,020,000 after purchasing an additional 7,204 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of Wingstop by 20.5% during the third quarter. Two Sigma Advisers LP now owns 418,418 shares of the restaurant operator's stock valued at $174,095,000 after purchasing an additional 71,300 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Wingstop in the 4th quarter worth approximately $115,301,000.

Wingstop Price Performance

Shares of Wingstop stock traded down $10.42 on Friday, hitting $232.36. The company had a trading volume of 1,556,447 shares, compared to its average volume of 562,465. The stock has a 50-day moving average of $252.80 and a 200-day moving average of $307.46. Wingstop Inc. has a twelve month low of $205.60 and a twelve month high of $433.86. The firm has a market capitalization of $6.48 billion, a P/E ratio of 62.63, a P/E/G ratio of 2.27 and a beta of 2.01.

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Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Friday, March 7th. Wingstop's payout ratio is presently 29.11%.

Wingstop announced that its Board of Directors has approved a share repurchase plan on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WING shares. Morgan Stanley dropped their target price on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus cut their target price on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Benchmark reduced their target price on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Northcoast Research downgraded shares of Wingstop from a "buy" rating to a "neutral" rating in a research note on Friday, February 21st. Finally, Wedbush cut their price objective on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $350.73.

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.