Kennedy Capital Management LLC Grows Holdings in Wingstop Inc. (NASDAQ:WING)

Kennedy Capital Management LLC lifted its stake in Wingstop Inc. (NASDAQ:WING) by 13.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,629 shares of the restaurant operator’s stock after acquiring an additional 2,666 shares during the quarter. Kennedy Capital Management LLC owned 0.08% of Wingstop worth $6,431,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Wingstop by 521.4% in the fourth 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 raised its holdings 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 valued at $26,000 after buying an additional 35 shares during the period. SBI Securities Co. Ltd. acquired a new position in Wingstop during the 4th quarter worth about $30,000. V Square Quantitative Management LLC boosted 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 acquiring an additional 37 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Wingstop during the fourth quarter worth about $49,000.

Wingstop Stock Performance

Shares of WING stock opened at $237.29 on Friday. The stock’s 50-day moving average is $243.36 and its two-hundred day moving average is $298.34. Wingstop Inc. has a 1 year low of $205.60 and a 1 year high of $433.86. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 63.96, a PEG ratio of 2.27 and a beta of 2.02.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid 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 0.46%. Wingstop’s dividend payout ratio is presently 29.11%.

Analysts Set New Price Targets

WING has been the topic of several recent research reports. Wedbush cut their target price on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Jefferies Financial Group upgraded Wingstop from a “hold” rating to a “buy” rating and set a $270.00 price objective on the stock in a research note on Monday, March 31st. Northcoast Research lowered Wingstop from a “buy” rating to a “neutral” rating in a report on Friday, February 21st. Stephens restated an “overweight” rating and set a $450.00 price target on shares of Wingstop in a report on Wednesday, February 19th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $330.00 price target (down previously from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $348.23.

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.