Wingstop Inc. (NASDAQ:WING) Shares Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC grew its stake in shares of Wingstop Inc. (NASDAQ:WING) by 160.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,072 shares of the restaurant operator’s stock after acquiring an additional 1,894 shares during the period. AdvisorShares Investments LLC’s holdings in Wingstop were worth $873,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. American Century Companies Inc. lifted its holdings in Wingstop by 1.9% in the 4th quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator’s stock valued at $342,763,000 after purchasing an additional 22,552 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Wingstop by 29.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator’s stock valued at $326,893,000 after purchasing an additional 262,229 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Wingstop by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator’s stock valued at $326,020,000 after buying an additional 7,204 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Wingstop by 23.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator’s stock worth $227,852,000 after buying an additional 154,055 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Wingstop by 21.4% during the 4th quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator’s stock worth $163,131,000 after purchasing an additional 101,247 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial cut their price objective on Wingstop from $265.00 to $242.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. Sanford C. Bernstein set a $260.00 price objective on shares of Wingstop in a research report on Tuesday, April 22nd. Stifel Nicolaus decreased their price objective on Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Benchmark lowered their price target on Wingstop from $340.00 to $325.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, Raymond James reissued an “outperform” rating and set a $330.00 target price (down previously from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $332.17.

Wingstop Stock Performance

NASDAQ WING opened at $224.67 on Tuesday. The firm’s 50 day moving average price is $225.30 and its two-hundred day moving average price is $282.89. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 60.56, a PEG ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The firm 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. This represents a $1.08 annualized dividend and a yield of 0.48%. The ex-dividend date was Friday, March 7th. Wingstop’s payout ratio is 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.