Wingstop Inc. (NASDAQ:WING) Position Raised by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,942 shares of the restaurant operator's stock after acquiring an additional 7,899 shares during the quarter. Wellington Management Group LLP owned 0.82% of Wingstop worth $67,907,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WING. EverSource Wealth Advisors LLC grew its stake in shares of Wingstop by 521.4% in the fourth 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 in the last quarter. 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 worth $26,000 after buying an additional 35 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Wingstop in the 4th quarter valued at $30,000. V Square Quantitative Management LLC grew its position in Wingstop by 34.9% in the 4th 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 period. Finally, R Squared Ltd bought a new position in Wingstop during the 4th quarter valued at $71,000.

Wingstop Stock Performance

WING stock traded down $8.91 on Thursday, reaching $237.31. The company had a trading volume of 147,969 shares, compared to its average volume of 570,362. Wingstop Inc. has a 1 year low of $205.60 and a 1 year high of $433.86. The company has a market cap of $6.62 billion, a P/E ratio of 64.06, a PEG ratio of 2.27 and a beta of 2.02. The company's fifty day moving average is $246.02 and its 200 day moving average is $300.92.

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Wingstop Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on WING. Guggenheim upgraded Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 price objective on the stock in a research note on Monday, February 24th. BMO Capital Markets cut their price objective on Wingstop from $335.00 to $300.00 and set a "market perform" rating for the company in a report on Thursday, February 20th. UBS Group dropped their target price on Wingstop from $330.00 to $300.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus lowered their price objective on Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, Stephens reaffirmed an "overweight" rating and issued a $450.00 price target on shares of Wingstop in a research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $348.23.

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.