Fuller & Thaler Asset Management Inc. Reduces Stock Position in Wingstop Inc. (NASDAQ:WING)

Fuller & Thaler Asset Management Inc. lowered its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 99.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WING. Raymond James Financial Inc. bought a new position in shares of Wingstop in the 4th quarter valued at about $115,301,000. Norges Bank acquired a new stake in Wingstop during the fourth quarter worth approximately $106,123,000. Champlain Investment Partners LLC acquired a new stake in Wingstop during the fourth quarter worth approximately $77,855,000. Price T Rowe Associates Inc. MD grew its position in shares of Wingstop by 29.5% in the fourth 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 during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Wingstop by 23.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator's stock worth $227,852,000 after purchasing an additional 154,055 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WING. Sanford C. Bernstein set a $260.00 price objective on Wingstop in a research report on Tuesday, April 22nd. Truist Financial lifted their price objective on shares of Wingstop from $242.00 to $274.00 and gave the stock a "hold" rating in a research note on Thursday. Piper Sandler increased their target price on shares of Wingstop from $271.00 to $272.00 and gave the stock a "neutral" rating in a research report on Thursday. Wedbush dropped their price target on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, TD Securities reissued a "buy" rating and set a $265.00 price target on shares of Wingstop in a research report on Wednesday. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Wingstop presently has an average rating of "Moderate Buy" and an average target price of $326.17.

Wingstop Stock Performance

Shares of NASDAQ:WING traded up $9.16 during midday trading on Friday, reaching $268.83. The company's stock had a trading volume of 444,015 shares, compared to its average volume of 592,336. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 72.57, a PEG ratio of 2.27 and a beta of 2.02. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The firm has a 50 day moving average price of $226.03 and a two-hundred day moving average price of $281.44.

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

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Friday, May 16th. 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.