Zacks Investment Management Sells 1,865 Shares of Wingstop Inc. (NASDAQ:WING)

Zacks Investment Management trimmed its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 24.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,699 shares of the restaurant operator's stock after selling 1,865 shares during the quarter. Zacks Investment Management's holdings in Wingstop were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Verdence Capital Advisors LLC boosted its holdings in Wingstop by 3.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock worth $256,000 after acquiring an additional 34 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 35 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of 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. Arizona State Retirement System increased its position in shares of Wingstop by 0.5% in the fourth quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock valued at $2,415,000 after acquiring an additional 42 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of Wingstop by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 897 shares of the restaurant operator's stock worth $255,000 after purchasing an additional 47 shares during the period.

Analyst Ratings Changes

WING has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price target on Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a research note on Friday, February 28th. BMO Capital Markets decreased their price target on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating for the company in a research note on Thursday, February 20th. 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 lowered their target price 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, Wells Fargo & Company started coverage on shares of Wingstop in a report on Wednesday, March 26th. They issued an "overweight" rating and a $270.00 price objective on the stock. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $334.13.

Wingstop Price Performance

Wingstop stock traded up $1.50 during mid-day trading on Thursday, reaching $217.88. 180,955 shares of the stock traded hands, compared to its average volume of 579,857. The stock has a market capitalization of $6.08 billion, a PE ratio of 58.73, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $433.86. The business's 50-day moving average is $229.42 and its 200-day moving average is $288.17.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Friday, March 7th. Wingstop's dividend payout ratio (DPR) is presently 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.