Wingstop Inc. (NASDAQ:WING) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 3.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,214 shares of the restaurant operator's stock after purchasing an additional 2,273 shares during the period. Envestnet Asset Management Inc. owned approximately 0.25% of Wingstop worth $21,092,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WING. Savoir Faire Capital Management L.P. lifted its position in shares of Wingstop by 168.0% in the fourth quarter. Savoir Faire Capital Management L.P. now owns 38,047 shares of the restaurant operator's stock valued at $10,813,000 after acquiring an additional 23,851 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Wingstop by 7.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,068 shares of the restaurant operator's stock worth $588,000 after buying an additional 150 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Wingstop by 23.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator's stock valued at $227,852,000 after buying an additional 154,055 shares during the last quarter. Headlands Technologies LLC boosted its position in Wingstop by 218.2% during the fourth quarter. Headlands Technologies LLC now owns 1,664 shares of the restaurant operator's stock worth $473,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Diametric Capital LP purchased a new stake in Wingstop during the 4th quarter valued at about $1,894,000.

Wingstop Trading Up 0.5 %

NASDAQ WING traded up $1.01 during trading hours on Friday, reaching $218.84. 506,236 shares of the company traded hands, compared to its average volume of 577,146. The stock has a market capitalization of $6.11 billion, a PE ratio of 58.99, a PEG ratio of 2.27 and a beta of 2.02. Wingstop Inc. has a 12 month low of $205.60 and a 12 month high of $433.86. The company has a 50 day moving average of $236.71 and a two-hundred day moving average of $293.80.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, March 7th. Wingstop's payout ratio is currently 29.11%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WING. Wells Fargo & Company assumed coverage on shares of Wingstop in a research report on Wednesday, March 26th. They set an "overweight" rating and a $270.00 price target on the stock. Stifel Nicolaus lowered their price objective on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Stephens reiterated an "overweight" rating and set a $450.00 target price on shares of Wingstop in a report on Wednesday, February 19th. BTIG Research reaffirmed a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th. Finally, Wedbush lowered their target price on Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Wingstop presently has a consensus rating of "Moderate Buy" and an average target price of $348.23.

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.