Next Century Growth Investors LLC Makes New $8.28 Million Investment in Wingstop Inc. (NASDAQ:WING)

Next Century Growth Investors LLC purchased a new stake in Wingstop Inc. (NASDAQ:WING - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 29,131 shares of the restaurant operator's stock, valued at approximately $8,279,000. Next Century Growth Investors LLC owned 0.10% of Wingstop as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of WING. Quantinno Capital Management LP bought a new position in shares of Wingstop during the third quarter valued at approximately $552,000. Stifel Financial Corp grew its stake in Wingstop by 9.7% during the 3rd quarter. Stifel Financial Corp now owns 17,403 shares of the restaurant operator's stock worth $7,241,000 after buying an additional 1,532 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in Wingstop by 60.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 895 shares of the restaurant operator's stock worth $372,000 after buying an additional 338 shares during the period. MML Investors Services LLC lifted its stake in Wingstop by 22.8% in the third quarter. MML Investors Services LLC now owns 2,529 shares of the restaurant operator's stock valued at $1,052,000 after buying an additional 470 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Wingstop during the third quarter valued at $874,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on WING shares. Guggenheim raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 target price for the company in a research note on Monday, February 24th. Morgan Stanley cut their target price on Wingstop from $389.00 to $375.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets lowered their price target on Wingstop from $335.00 to $300.00 and set a "market perform" rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company started coverage on shares of Wingstop in a research report on Wednesday, March 26th. They issued an "overweight" rating and a $270.00 target price for the company. Finally, BTIG Research reaffirmed a "buy" rating on shares of Wingstop in a research note on Tuesday, March 25th. 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, Wingstop has an average rating of "Moderate Buy" and an average price target of $348.23.

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Wingstop Stock Performance

NASDAQ:WING traded down $6.83 during trading hours on Wednesday, hitting $217.83. 682,360 shares of the company's stock traded hands, compared to its average volume of 576,536. Wingstop Inc. has a twelve month low of $205.60 and a twelve month high of $433.86. The firm has a market cap of $6.08 billion, a P/E ratio of 58.71, a P/E/G ratio of 2.27 and a beta of 2.02. The stock's fifty day moving average price is $240.25 and its two-hundred day moving average price is $295.70.

Wingstop Announces Dividend

The business 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, March 7th. Wingstop's dividend payout ratio (DPR) is 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.