WINTON GROUP Ltd Grows Position in Wingstop Inc. (NASDAQ:WING)

WINTON GROUP Ltd increased its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 950.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,011 shares of the restaurant operator's stock after purchasing an additional 19,011 shares during the quarter. WINTON GROUP Ltd owned 0.07% of Wingstop worth $5,971,000 at the end of the most recent quarter.

A number of 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% 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 period. CBIZ Investment Advisory Services LLC increased its stake in shares of Wingstop by 62.5% in the 4th 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 position in Wingstop in the 4th quarter worth $30,000. True Wealth Design LLC purchased a new position in Wingstop during the third quarter valued at $36,000. Finally, V Square Quantitative Management LLC grew its holdings in 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 period.

Wingstop Stock Down 2.3 %

WING traded down $5.29 during trading hours on Friday, reaching $224.00. 1,059,289 shares of the company's stock traded hands, compared to its average volume of 546,828. Wingstop Inc. has a 52-week low of $205.60 and a 52-week high of $433.86. The firm has a market capitalization of $6.25 billion, a PE ratio of 60.38, a PEG ratio of 2.27 and a beta of 1.88. The firm has a 50-day moving average price of $257.45 and a 200 day moving average price of $312.53.

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Wingstop declared that its Board of Directors has approved a share buyback program on Thursday, December 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors 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 yield of 0.48%. Wingstop's payout ratio is 29.11%.

Wall Street Analyst Weigh In

WING has been the topic of a number of analyst reports. Stephens reaffirmed an "overweight" rating and set a $450.00 price objective on shares of Wingstop in a research report on Wednesday, February 19th. Wedbush dropped their price target on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company began coverage on shares of Wingstop in a research report on Wednesday. They set an "overweight" rating and a $270.00 price objective on the stock. Morgan Stanley cut their price target on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Finally, Benchmark lowered their price objective on Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Wingstop currently has a consensus rating of "Moderate Buy" and an average price target of $353.68.

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.