Renaissance Technologies LLC Has $197.31 Million Holdings in Wingstop Inc. (NASDAQ:WING)

Renaissance Technologies LLC lessened its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 694,246 shares of the restaurant operator's stock after selling 4,900 shares during the quarter. Renaissance Technologies LLC owned approximately 2.38% of Wingstop worth $197,305,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WING. Proficio Capital Partners LLC bought a new stake in Wingstop during the 4th quarter worth $10,177,000. SG Americas Securities LLC boosted its stake in shares of Wingstop by 277.5% during the fourth quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator's stock valued at $1,356,000 after purchasing an additional 3,507 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of Wingstop by 779.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator's stock worth $5,247,000 after purchasing an additional 16,361 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Wingstop by 475.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator's stock valued at $19,676,000 after buying an additional 57,193 shares during the period. Finally, Conway Capital Management Inc. acquired a new stake in Wingstop during the 3rd quarter worth approximately $3,544,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays decreased their price target 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. Guggenheim raised Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 target price for the company in a research report on Monday, February 24th. Stifel Nicolaus cut their target price on Wingstop from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Wedbush decreased their price target on Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, Morgan Stanley cut their price objective on Wingstop from $389.00 to $375.00 and set an "overweight" 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $348.23.

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Wingstop Trading Down 1.2 %

WING stock traded down $3.00 during trading on Friday, reaching $237.29. 465,079 shares of the stock were exchanged, compared to its average volume of 574,541. Wingstop Inc. has a twelve month low of $205.60 and a twelve month high of $433.86. The firm's 50 day moving average is $243.36 and its 200 day moving average is $297.45. The firm has a market cap of $6.62 billion, a P/E ratio of 63.96, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02.

Wingstop Dividend Announcement

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

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.