MetLife Investment Management LLC Has $5.05 Million Position in Wingstop Inc. (NASDAQ:WING)

MetLife Investment Management LLC raised its holdings in Wingstop Inc. (NASDAQ:WING - Free Report) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,762 shares of the restaurant operator's stock after buying an additional 1,279 shares during the period. MetLife Investment Management LLC owned 0.06% of Wingstop worth $5,048,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WING. EverSource Wealth Advisors LLC raised its holdings 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 in the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 35 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Wingstop during the 4th quarter worth about $30,000. V Square Quantitative Management LLC lifted its stake in Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 37 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Wingstop during the fourth quarter worth about $49,000.

Wingstop Stock Performance

Shares of NASDAQ WING traded up $5.58 during trading hours on Tuesday, hitting $230.25. 221,817 shares of the stock were exchanged, compared to its average volume of 582,502. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $433.86. The company has a market cap of $6.42 billion, a PE ratio of 61.67, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. The company's fifty day simple moving average is $225.30 and its two-hundred day simple moving average is $282.89.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 annualized dividend and a dividend yield of 0.47%. Wingstop's payout ratio is 29.11%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WING shares. Northcoast Research cut Wingstop from a "buy" rating to a "neutral" rating in a research report on Friday, February 21st. Jefferies Financial Group upgraded shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price objective on the stock in a report on Monday, March 31st. Morgan Stanley cut their target price on shares of Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Wedbush decreased their price target on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, Stifel Nicolaus cut their price objective 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. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Wingstop currently has an average rating of "Moderate Buy" and a consensus price target of $332.17.

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.