Ranger Investment Management L.P. acquired a new position in Wingstop Inc. (NASDAQ:WING - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 21,830 shares of the restaurant operator's stock, valued at approximately $6,204,000. Ranger Investment Management L.P. owned about 0.07% of Wingstop at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Wingstop by 521.4% in 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 period. CBIZ Investment Advisory Services LLC grew 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 buying an additional 35 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Wingstop during the fourth quarter worth about $30,000. V Square Quantitative Management LLC raised its holdings in Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 37 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Wingstop during the 4th quarter worth approximately $49,000.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on WING shares. TD Securities lowered their price objective on Wingstop from $365.00 to $305.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Robert W. Baird decreased their target price on shares of Wingstop from $375.00 to $350.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Morgan Stanley reduced their price objective on shares of Wingstop from $389.00 to $375.00 and set an "overweight" 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, Stifel Nicolaus cut their price target 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. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, Wingstop currently has an average rating of "Moderate Buy" and a consensus target price of $348.23.
Read Our Latest Analysis on Wingstop
Wingstop Trading Down 2.7 %
Wingstop stock traded down $6.39 during trading hours on Monday, hitting $230.90. 205,348 shares of the stock traded hands, compared to its average volume of 573,140. Wingstop Inc. has a one year low of $205.60 and a one year high of $433.86. The company has a market cap of $6.44 billion, a PE ratio of 62.24, a PEG ratio of 2.27 and a beta of 2.02. The firm's 50-day moving average price is $243.36 and its two-hundred day moving average price is $297.45.
Wingstop Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a $0.27 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.47%. Wingstop's payout ratio is 29.11%.
Wingstop Company Profile
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Free Report)
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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