Thrivent Financial for Lutherans Boosts Stock Position in Wingstop Inc. (NASDAQ:WING)

Thrivent Financial for Lutherans boosted its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 507.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 43,378 shares of the restaurant operator's stock after purchasing an additional 36,232 shares during the quarter. Thrivent Financial for Lutherans owned about 0.15% of Wingstop worth $12,328,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WING. OneDigital Investment Advisors LLC increased its position in shares of Wingstop by 9.1% during the third quarter. OneDigital Investment Advisors LLC now owns 686 shares of the restaurant operator's stock valued at $285,000 after acquiring an additional 57 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Wingstop by 6.6% in the 3rd quarter. Natixis Advisors LLC now owns 13,269 shares of the restaurant operator's stock worth $5,521,000 after purchasing an additional 822 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Wingstop by 5.7% in the 3rd quarter. Avior Wealth Management LLC now owns 1,174 shares of the restaurant operator's stock worth $488,000 after purchasing an additional 63 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Wingstop in the third quarter worth $4,983,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Wingstop by 6.9% during the third quarter. Advisors Asset Management Inc. now owns 7,954 shares of the restaurant operator's stock valued at $3,310,000 after purchasing an additional 511 shares in the last quarter.

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Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WING shares. Stifel Nicolaus decreased their target price on Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Benchmark decreased their price objective on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a report on Thursday, February 20th. UBS Group dropped their target price on shares of Wingstop from $330.00 to $300.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Wedbush cut their target price on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, Stephens reissued an "overweight" rating and set a $450.00 price target on shares of Wingstop in a report on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Wingstop presently has an average rating of "Moderate Buy" and a consensus price target of $357.67.

Wingstop Stock Performance

Shares of NASDAQ:WING traded down $2.54 on Tuesday, reaching $220.08. The company's stock had a trading volume of 530,832 shares, compared to its average volume of 535,802. The company has a market cap of $6.31 billion, a P/E ratio of 59.32, a PEG ratio of 2.27 and a beta of 1.88. Wingstop Inc. has a 52-week low of $205.60 and a 52-week high of $433.86. The company has a 50-day simple moving average of $260.38 and a 200 day simple moving average of $315.24.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, March 7th. Wingstop's dividend payout ratio (DPR) is 29.11%.

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

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.