Wingstop Inc. (NASDAQ:WING) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 63.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 127,980 shares of the restaurant operator's stock after buying an additional 49,548 shares during the period. Russell Investments Group Ltd. owned about 0.44% of Wingstop worth $36,372,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in shares of Wingstop by 3.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 74,214 shares of the restaurant operator's stock worth $21,092,000 after buying an additional 2,273 shares during the period. Savoir Faire Capital Management L.P. boosted its position in shares of Wingstop by 168.0% during the 4th 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 during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Wingstop by 7.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,068 shares of the restaurant operator's stock valued at $588,000 after purchasing an additional 150 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 acquiring an additional 154,055 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in shares of Wingstop by 218.2% during the 4th quarter. Headlands Technologies LLC now owns 1,664 shares of the restaurant operator's stock worth $473,000 after purchasing an additional 1,141 shares during the period.

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Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BTIG Research reaffirmed a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th. Raymond James reaffirmed an "outperform" rating and set a $330.00 price objective (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. BMO Capital Markets dropped 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. Morgan Stanley cut their price target on Wingstop from $389.00 to $375.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Finally, Benchmark dropped their price objective on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock 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's stock. According to data from MarketBeat.com, Wingstop presently has a consensus rating of "Moderate Buy" and a consensus target price of $348.23.

Wingstop Stock Down 1.2 %

Shares of WING traded down $3.00 during mid-day trading on Friday, hitting $237.29. The company had a trading volume of 465,079 shares, compared to its average volume of 574,541. Wingstop Inc. has a 1-year low of $205.60 and a 1-year high of $433.86. The business's 50-day simple moving average is $243.36 and its 200-day simple moving average is $297.45. The stock has a market cap of $6.62 billion, a PE ratio of 63.96, a P/E/G ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.46%. Wingstop's payout ratio is 29.11%.

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.