Fuller & Thaler Asset Management Inc. Sells 151,446 Shares of Wingstop Inc. (NASDAQ:WING)

Fuller & Thaler Asset Management Inc. reduced its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 99.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 584 shares of the restaurant operator’s stock after selling 151,446 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Wingstop were worth $166,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in Wingstop by 7.8% in the 3rd quarter. Tidal Investments LLC now owns 758 shares of the restaurant operator’s stock worth $315,000 after purchasing an additional 55 shares during the period. Franklin Resources Inc. raised its stake in shares of Wingstop by 0.9% in the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator’s stock worth $326,020,000 after buying an additional 7,204 shares during the period. Everence Capital Management Inc. bought a new position in shares of Wingstop in the fourth quarter worth about $259,000. Diversified Trust Co purchased a new position in shares of Wingstop during the 4th quarter valued at about $427,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Wingstop by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,135 shares of the restaurant operator’s stock valued at $1,459,000 after acquiring an additional 65 shares during the period.

Wall Street Analyst Weigh In

WING has been the subject of a number of recent analyst reports. BTIG Research reiterated a “buy” rating on shares of Wingstop in a research report on Tuesday, March 25th. Raymond James reaffirmed an “outperform” rating and issued a $330.00 target price (down previously from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. UBS Group lowered their price objective on Wingstop from $330.00 to $300.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Robert W. Baird cut their target price on Wingstop from $375.00 to $350.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Finally, Stifel Nicolaus decreased their target price on Wingstop from $375.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.13.

Wingstop Price Performance

Shares of WING stock opened at $227.30 on Friday. The company has a market capitalization of $6.34 billion, a P/E ratio of 61.27, a P/E/G ratio of 2.27 and a beta of 2.02. The company’s 50-day simple moving average is $226.11 and its two-hundred day simple moving average is $284.91. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders 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 annualized dividend and a yield of 0.48%. Wingstop’s payout ratio is currently 29.11%.

Wingstop Company 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.