Oberweis Asset Management Inc. Grows Stake in Wingstop Inc. (NASDAQ:WING)

Oberweis Asset Management Inc. grew its stake in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,000 shares of the restaurant operator's stock after acquiring an additional 3,600 shares during the period. Oberweis Asset Management Inc. owned 0.10% of Wingstop worth $7,958,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Wingstop during the 4th quarter worth about $115,301,000. Norges Bank bought a new stake in shares of Wingstop during the fourth quarter valued at about $106,123,000. Champlain Investment Partners LLC purchased a new stake in shares of Wingstop in the fourth quarter worth about $77,855,000. Price T Rowe Associates Inc. MD boosted 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 acquiring an additional 262,229 shares during the period. Finally, Massachusetts Financial Services Co. MA grew 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 valued at $227,852,000 after acquiring an additional 154,055 shares in the last quarter.

Wingstop Price Performance

Shares of WING traded up $8.66 during mid-day trading on Tuesday, reaching $233.33. 537,964 shares of the company's stock traded hands, compared to its average volume of 583,748. The stock's 50-day moving average is $225.30 and its two-hundred day moving average is $282.89. Wingstop Inc. has a 12 month low of $204.00 and a 12 month high of $433.86. The stock has a market cap of $6.51 billion, a P/E ratio of 62.85, a P/E/G ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Friday, March 7th. Wingstop's dividend payout ratio is presently 29.11%.

Analyst Ratings Changes

Several research analysts have commented on the stock. BMO Capital Markets cut their price target on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating for the company in a report on Thursday, February 20th. Wedbush lowered their price target on Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Northcoast Research lowered Wingstop from a "buy" rating to a "neutral" rating in a report on Friday, February 21st. Stephens reissued an "overweight" rating and issued a $450.00 price target on shares of Wingstop in a research note on Wednesday, February 19th. Finally, UBS Group lowered their price objective on shares of Wingstop from $300.00 to $255.00 and set a "neutral" rating on the stock in a research report on Monday. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $332.17.

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.