Nebula Research & Development LLC Has $1.79 Million Stock Position in Wingstop Inc. (NASDAQ:WING)

Nebula Research & Development LLC grew its position in Wingstop Inc. (NASDAQ:WING - Free Report) by 80.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,308 shares of the restaurant operator's stock after acquiring an additional 2,803 shares during the quarter. Nebula Research & Development LLC's holdings in Wingstop were worth $1,793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WING. Raymond James Financial Inc. bought a new position in shares of Wingstop during the 4th quarter worth about $115,301,000. Norges Bank bought a new stake in shares of Wingstop in the 4th quarter valued at approximately $106,123,000. Champlain Investment Partners LLC bought a new position in shares of Wingstop during the 4th quarter worth approximately $77,855,000. Price T Rowe Associates Inc. MD grew its position in 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 acquiring an additional 262,229 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in 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 acquiring an additional 154,055 shares in the last quarter.

Wingstop Stock Performance

Shares of NASDAQ WING traded down $4.77 during midday trading on Thursday, reaching $259.13. The company's stock had a trading volume of 569,850 shares, compared to its average volume of 592,532. The company has a market cap of $7.23 billion, a P/E ratio of 69.72, a P/E/G ratio of 2.27 and a beta of 2.02. The business's 50 day moving average price is $225.56 and its two-hundred day moving average price is $282.40. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86.

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

Wingstop Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, March 7th. This represents a $1.08 annualized dividend and a dividend yield of 0.42%. Wingstop's dividend payout ratio is currently 29.11%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on WING shares. Stifel Nicolaus dropped their target price on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Raymond James reaffirmed an "outperform" rating and issued a $330.00 price objective (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. UBS Group reduced their price target on Wingstop from $300.00 to $255.00 and set a "neutral" rating on the stock in a research report on Monday. Morgan Stanley decreased their target price on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Finally, Jefferies Financial Group upgraded shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price objective for the company in a report on Monday, March 31st. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $326.17.

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.