FIL Ltd Invests $1.31 Million in Wingstop Inc. (NASDAQ:WING)

FIL Ltd bought a new position in Wingstop Inc. (NASDAQ:WING) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,619 shares of the restaurant operator’s stock, valued at approximately $1,313,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Wingstop by 521.4% in the fourth 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 increased 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 worth $26,000 after acquiring an additional 35 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Wingstop during the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC lifted 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Wingstop in the fourth quarter worth approximately $49,000.

Analyst Upgrades and Downgrades

WING has been the topic of several recent analyst reports. TD Securities decreased their price objective on shares of Wingstop from $365.00 to $305.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus lowered their price objective on Wingstop from $375.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Benchmark cut their target price on Wingstop from $340.00 to $325.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. BTIG Research reissued a “buy” rating on shares of Wingstop in a research note on Tuesday, March 25th. Finally, Jefferies Financial Group upgraded Wingstop from a “hold” rating to a “buy” rating and set a $270.00 price target for the company in a research note on Monday, March 31st. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Wingstop has an average rating of “Moderate Buy” and a consensus price target of $348.23.

Wingstop Stock Down 1.2 %

Wingstop stock opened at $237.29 on Monday. Wingstop Inc. has a twelve month low of $205.60 and a twelve month high of $433.86. The company’s 50-day moving average price is $243.36 and its 200-day moving average price is $297.45. The company has a market cap of $6.62 billion, a PE ratio of 63.96, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders 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 dividend on an annualized basis and a yield of 0.46%. 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.