Voya Investment Management LLC Increases Stock Position in Wingstop Inc. (NASDAQ:WING)

Voya Investment Management LLC boosted its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 23.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 285,672 shares of the restaurant operator's stock after purchasing an additional 54,246 shares during the period. Voya Investment Management LLC owned approximately 0.98% of Wingstop worth $81,146,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew 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 worth $25,000 after purchasing an additional 73 shares during the period. CBIZ Investment Advisory Services LLC grew its position in shares of Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 35 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Wingstop in the 4th quarter valued at 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 worth $41,000 after purchasing an additional 37 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in Wingstop during the fourth quarter worth approximately $49,000.

Wingstop Stock Performance

Shares of WING traded down $2.63 during midday trading on Monday, hitting $224.67. 840,113 shares of the stock were exchanged, compared to its average volume of 583,813. The firm has a market cap of $6.27 billion, a P/E ratio of 60.56, a P/E/G ratio of 2.27 and a beta of 2.02. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $433.86. The stock has a fifty day simple moving average of $226.11 and a 200 day simple moving average of $284.14.

Wingstop Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Stephens reissued an "overweight" rating and issued a $450.00 price target on shares of Wingstop in a research note on Wednesday, February 19th. UBS Group decreased their price target on shares of Wingstop from $300.00 to $255.00 and set a "neutral" rating on the stock in a research note on Monday. Raymond James reiterated an "outperform" rating and issued a $330.00 price objective (down from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. BTIG Research reissued a "buy" rating on shares of Wingstop in a report on Tuesday, March 25th. Finally, Barclays dropped their price target on Wingstop from $315.00 to $260.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $332.17.

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.