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

Oberweis Asset Management Inc. lifted its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,000 shares of the restaurant operator's stock after acquiring an additional 3,600 shares during the period. Oberweis Asset Management Inc. owned about 0.10% of Wingstop worth $7,958,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position 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 raised its holdings in Wingstop by 62.5% during the fourth 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 Wingstop in the fourth quarter worth about $30,000. V Square Quantitative Management LLC lifted its holdings 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 valued at $41,000 after purchasing an additional 37 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Wingstop during the 4th quarter worth approximately $49,000.

Wingstop Stock Up 2.9 %

WING opened at $216.38 on Thursday. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 58.32, a P/E/G ratio of 2.27 and a beta of 2.02. The company has a 50-day simple moving average of $229.42 and a 200 day simple moving average of $288.17.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.27 per share. 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 dividend payout ratio is 29.11%.

Analysts Set New Price Targets

WING has been the subject of several recent research reports. Jefferies Financial Group raised shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 target price for the company in a research report on Monday, March 31st. Stifel Nicolaus decreased their target price on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company assumed coverage on shares of Wingstop in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $270.00 target price on the stock. BTIG Research reiterated a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th. Finally, TD Securities dropped their price objective on shares of Wingstop from $365.00 to $305.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Six investment 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $334.13.

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.

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