Sei Investments Co. Raises Stock Holdings in Wingstop Inc. (NASDAQ:WING)

Sei Investments Co. increased its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 20.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 102,923 shares of the restaurant operator's stock after buying an additional 17,649 shares during the period. Sei Investments Co. owned 0.35% of Wingstop worth $29,251,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Verdence Capital Advisors LLC grew its stake in shares of Wingstop by 3.9% in the fourth quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock valued at $256,000 after acquiring an additional 34 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Wingstop by 0.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,523 shares of the restaurant operator's stock worth $4,794,000 after acquiring an additional 35 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 35 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock worth $41,000 after buying an additional 37 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Wingstop by 0.5% in the fourth quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock worth $2,415,000 after acquiring an additional 42 shares during the last quarter.

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Wingstop Price Performance

Shares of NASDAQ:WING traded down $5.29 during midday trading on Friday, hitting $224.00. 1,059,289 shares of the company's stock were exchanged, compared to its average volume of 546,828. 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 $6.25 billion, a PE ratio of 60.38, a price-to-earnings-growth ratio of 2.27 and a beta of 1.88. The stock has a 50 day moving average price of $257.45 and a 200-day moving average price of $312.53.

Wingstop declared that its board has initiated a share buyback program on Thursday, December 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the restaurant operator to repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Friday, March 7th. Wingstop's payout ratio is currently 29.11%.

Analysts Set New Price Targets

WING has been the topic of a number of recent research reports. UBS Group cut their price target on Wingstop from $330.00 to $300.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Guggenheim raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 price target for the company in a research note on Monday, February 24th. BMO Capital Markets reduced their price objective on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus decreased their price objective on Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, Benchmark decreased their price target on Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Wingstop has a consensus rating of "Moderate Buy" and a consensus target price of $353.68.

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.