Victory Capital Management Inc. Sells 20,085 Shares of Wingstop Inc. (NASDAQ:WING)

Victory Capital Management Inc. lessened its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,955 shares of the restaurant operator's stock after selling 20,085 shares during the period. Victory Capital Management Inc. owned about 0.14% of Wingstop worth $11,924,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Wingstop during the 4th quarter valued at approximately $30,000. True Wealth Design LLC acquired a new stake in Wingstop in the third quarter valued at approximately $36,000. V Square Quantitative Management LLC grew its stake in shares of Wingstop by 34.9% during the fourth 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. R Squared Ltd acquired a new position in shares of Wingstop during the fourth quarter worth $71,000. Finally, Blue Trust Inc. lifted its stake in shares of Wingstop by 103.2% in the 4th quarter. Blue Trust Inc. now owns 256 shares of the restaurant operator's stock valued at $73,000 after acquiring an additional 130 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wedbush reduced their price objective on Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Barclays reduced their price target on Wingstop from $359.00 to $315.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Benchmark lowered their price objective on Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. BMO Capital Markets cut their target price on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating on the stock in a research report on Thursday, February 20th. Finally, Stifel Nicolaus decreased their price target on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Wingstop presently has a consensus rating of "Moderate Buy" and a consensus price target of $357.67.

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Wingstop Stock Down 3.3 %

Wingstop stock opened at $212.22 on Friday. The company has a market capitalization of $6.08 billion, a PE ratio of 57.20, a PEG ratio of 2.27 and a beta of 1.88. Wingstop Inc. has a 12-month low of $207.53 and a 12-month high of $433.86. The firm's fifty day moving average is $272.47 and its 200 day moving average is $326.37.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 0.51%. Wingstop's dividend payout ratio (DPR) is presently 29.11%.

Wingstop announced that its Board of Directors has approved a share repurchase program on Thursday, December 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the restaurant operator to purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

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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