Voya Investment Management LLC Boosts Stake in Wingstop Inc. (NASDAQ:WING)

Voya Investment Management LLC raised its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 285,672 shares of the restaurant operator's stock after acquiring an additional 54,246 shares during the quarter. Voya Investment Management LLC owned approximately 0.98% of Wingstop worth $81,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. lifted its position in Wingstop by 1.9% during the fourth 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 raised its stake in Wingstop by 29.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator's stock worth $326,893,000 after acquiring an additional 262,229 shares during the period. Franklin Resources Inc. lifted its holdings in Wingstop by 0.9% during the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator's stock valued at $326,020,000 after purchasing an additional 7,204 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Wingstop by 23.8% in 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. Finally, Alliancebernstein L.P. increased its stake in shares of Wingstop by 21.4% in the fourth 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 in the last quarter.

Wingstop Stock Performance

WING stock traded up $25.27 during trading on Wednesday, reaching $255.78. 1,273,238 shares of the company traded hands, compared to its average volume of 589,360. The business has a 50 day simple moving average of $224.97 and a 200 day simple moving average of $282.53. Wingstop Inc. has a 12 month low of $204.00 and a 12 month high of $433.86. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 68.94, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) 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 firm had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. During the same quarter in the previous year, the firm earned $0.98 EPS. The company's quarterly revenue was up 17.4% compared to the same quarter last year. As a group, research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a $0.27 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.42%. Wingstop's payout ratio is 29.11%.

Wall Street Analysts Forecast Growth

WING has been the subject of a number of recent analyst reports. Northcoast Research lowered Wingstop from a "buy" rating to a "neutral" rating in a research note on Friday, February 21st. Barclays reduced their price objective on shares of Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company assumed coverage on shares of Wingstop in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $270.00 price target on the stock. Stifel Nicolaus reduced their target price on Wingstop from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Wedbush cut their price target on Wingstop from $390.00 to $355.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $327.61.

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.