Wingstop Inc. (NASDAQ:WING) Shares Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. raised its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 71.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,583 shares of the restaurant operator's stock after purchasing an additional 3,978 shares during the quarter. Pinebridge Investments L.P.'s holdings in Wingstop were worth $2,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in Wingstop by 521.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after acquiring an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in shares of Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 35 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Wingstop during the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC raised its holdings in Wingstop by 34.9% in the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after buying an additional 37 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in Wingstop during the fourth quarter valued at approximately $49,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WING shares. UBS Group dropped their price objective on shares of Wingstop from $300.00 to $255.00 and set a "neutral" rating for the company in a research report on Monday. Sanford C. Bernstein set a $260.00 price objective on Wingstop in a research report on Tuesday, April 22nd. BMO Capital Markets reduced their price objective on Wingstop from $335.00 to $300.00 and set a "market perform" rating on the stock in a research note on Thursday, February 20th. Stephens reiterated an "overweight" rating and set a $385.00 target price on shares of Wingstop in a report on Wednesday. Finally, BTIG Research restated a "buy" rating on shares of Wingstop in a report on Tuesday, March 25th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $327.61.

Wingstop Price Performance

Shares of WING stock traded up $33.38 on Wednesday, hitting $263.89. 2,479,725 shares of the stock traded hands, compared to its average volume of 594,035. The company has a market capitalization of $7.36 billion, a PE ratio of 71.13, a PEG ratio of 2.27 and a beta of 2.02. The company's fifty day moving average is $224.97 and its 200 day moving average is $282.53. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $433.86.

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

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Friday, March 7th. Wingstop's dividend payout ratio (DPR) is presently 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.