Wingstop Inc. (NASDAQ:WING) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lessened its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 48.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,387 shares of the restaurant operator's stock after selling 1,305 shares during the quarter. Prudential Financial Inc.'s holdings in Wingstop were worth $394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings 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 valued at $25,000 after purchasing an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Wingstop by 62.5% in the fourth 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in Wingstop during the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC grew its holdings in Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after buying an additional 37 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Wingstop in the 4th quarter worth approximately $71,000.

Wingstop Price Performance

Shares of WING stock traded down $4.64 during mid-day trading on Tuesday, hitting $228.41. 62,948 shares of the stock traded hands, compared to its average volume of 572,924. Wingstop Inc. has a 52-week low of $205.60 and a 52-week high of $433.86. The stock has a market cap of $6.37 billion, a P/E ratio of 61.54, a P/E/G ratio of 2.27 and a beta of 2.02. The stock's fifty day moving average is $241.92 and its two-hundred day moving average is $296.20.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders 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 yield of 0.47%. Wingstop's dividend payout ratio (DPR) is 29.11%.

Analyst Ratings Changes

A number of research firms have recently commented on WING. Robert W. Baird lowered their target price on Wingstop from $375.00 to $350.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Barclays lowered their price objective on shares of Wingstop from $359.00 to $315.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Benchmark reduced their target price on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. TD Securities lowered their price target on shares of Wingstop from $365.00 to $305.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Stephens reissued an "overweight" rating and set a $450.00 price objective on shares of Wingstop in a research note on Wednesday, February 19th. 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $348.23.

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.