Wingstop Inc. (NASDAQ:WING) Holdings Increased by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,762 shares of the restaurant operator's stock after acquiring an additional 1,279 shares during the period. MetLife Investment Management LLC owned 0.06% of Wingstop worth $5,048,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in shares of Wingstop by 62.5% in the 4th 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Wingstop in the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC lifted its stake in Wingstop by 34.9% during the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 37 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Wingstop during the fourth quarter worth approximately $49,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WING shares. BTIG Research reiterated a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th. Wells Fargo & Company initiated coverage on Wingstop in a report on Wednesday, March 26th. They set an "overweight" rating and a $270.00 target price for the company. Raymond James reissued an "outperform" rating and issued a $330.00 price target (down previously from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Truist Financial reduced their price objective on shares of Wingstop from $265.00 to $242.00 and set a "hold" rating for the company in a research note on Tuesday. Finally, Barclays dropped their target price on shares of Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a research report on Tuesday. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $334.13.

Wingstop Price Performance

Shares of NASDAQ WING opened at $216.38 on Thursday. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86. The business's 50-day moving average price is $229.42 and its two-hundred day moving average price is $288.17. The company has a market capitalization of $6.04 billion, a P/E ratio of 58.32, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 annualized dividend and a dividend yield of 0.50%. Wingstop's payout ratio is 29.11%.

About Wingstop

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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