Neuberger Berman Group LLC Acquires 41,921 Shares of Wingstop Inc. (NASDAQ:WING)

Neuberger Berman Group LLC increased its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 43.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,360 shares of the restaurant operator’s stock after purchasing an additional 41,921 shares during the period. Neuberger Berman Group LLC owned approximately 0.48% of Wingstop worth $39,606,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WING. EverSource Wealth Advisors LLC grew its position 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 worth $25,000 after buying an additional 73 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 35 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Wingstop in the fourth quarter worth $30,000. V Square Quantitative Management LLC increased its stake in Wingstop by 34.9% in 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Wingstop in the fourth quarter valued at $49,000.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company started coverage on Wingstop in a research note on Wednesday, March 26th. They issued an “overweight” rating and a $270.00 target price for the company. BTIG Research restated a “buy” rating on shares of Wingstop in a report on Tuesday, March 25th. Benchmark lowered their target price on Wingstop from $340.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Barclays cut their target price on Wingstop from $359.00 to $315.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Finally, Northcoast Research lowered shares of Wingstop from a “buy” rating to a “neutral” rating in a research note on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $348.23.

Wingstop Price Performance

Shares of NASDAQ:WING opened at $240.29 on Friday. Wingstop Inc. has a 1 year low of $205.60 and a 1 year high of $433.86. The company has a market capitalization of $6.70 billion, a PE ratio of 64.77, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. The business has a fifty day moving average price of $244.76 and a two-hundred day moving average price of $299.63.

Wingstop Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.45%. Wingstop’s 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.