Wingstop Inc. (NASDAQ:WING) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 760.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,745 shares of the restaurant operator's stock after buying an additional 337,401 shares during the quarter. Ameriprise Financial Inc. owned about 1.31% of Wingstop worth $108,497,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Wingstop by 521.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 35 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Wingstop in the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC lifted its position in Wingstop by 34.9% during the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock worth $41,000 after buying an additional 37 shares in the last quarter. Finally, Quarry LP acquired a new position in Wingstop during the fourth quarter worth $41,000.

Analysts Set New Price Targets

Several research firms have recently commented on WING. UBS Group reduced their price target on Wingstop from $300.00 to $255.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Raymond James reaffirmed an "outperform" rating and set a $330.00 target price (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Wedbush decreased their target price on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Truist Financial raised their price target on shares of Wingstop from $242.00 to $274.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, The Goldman Sachs Group upped their price objective on Wingstop from $280.00 to $310.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $322.09.

Wingstop Stock Performance

Shares of WING traded down $8.81 during midday trading on Friday, hitting $267.34. The company had a trading volume of 794,634 shares, compared to its average volume of 603,752. Wingstop Inc. has a 1 year low of $204.00 and a 1 year high of $433.86. The firm has a market capitalization of $7.46 billion, a P/E ratio of 72.06, a P/E/G ratio of 2.27 and a beta of 1.80. The company's 50-day simple moving average is $230.75 and its 200-day simple moving average is $276.47.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. The company had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The company's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. Equities analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.40%. Wingstop's dividend payout ratio is currently 18.09%.

Insider Activity

In related news, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction on Monday, May 5th. The shares were sold at an average price of $273.07, for a total transaction of $173,945.59. Following the sale, the senior vice president now directly owns 517 shares in the company, valued at $141,177.19. This trade represents a 55.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.72% of the company's stock.

About Wingstop

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.