Price T Rowe Associates Inc. MD Boosts Stake in Wingstop Inc. (NASDAQ:WING)

Price T Rowe Associates Inc. MD increased its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 29.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,150,217 shares of the restaurant operator's stock after buying an additional 262,229 shares during the quarter. Price T Rowe Associates Inc. MD owned about 3.94% of Wingstop worth $326,893,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WING. EverSource Wealth Advisors LLC raised its stake in shares of Wingstop by 521.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after buying an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its stake in Wingstop by 62.5% in the 4th 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 during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Wingstop in the fourth quarter worth about $30,000. V Square Quantitative Management LLC grew its position in shares of 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Wingstop in the 4th quarter worth $49,000.

Wall Street Analyst Weigh In

A number of research firms have commented on WING. Northcoast Research downgraded Wingstop from a "buy" rating to a "neutral" rating in a research report on Friday, February 21st. Morgan Stanley cut their price objective on Wingstop from $389.00 to $375.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Guggenheim raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 target price on the stock in a report on Monday, February 24th. Stifel Nicolaus decreased their price target on Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, Truist Financial lowered their target price on shares of Wingstop from $265.00 to $242.00 and set a "hold" rating for the company in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Wingstop has an average rating of "Moderate Buy" and an average target price of $334.13.

Wingstop Stock Performance

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

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders 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 payout ratio is currently 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.

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