Wingstop Inc. (NASDAQ:WING) Stock Holdings Lowered by Private Advisor Group LLC

Private Advisor Group LLC lowered its position in shares of Wingstop Inc. (NASDAQ:WING) by 3.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,805 shares of the restaurant operator’s stock after selling 70 shares during the period. Private Advisor Group LLC’s holdings in Wingstop were worth $513,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of WING. True Wealth Design LLC bought a new position in shares of Wingstop during the third quarter worth about $36,000. V Square Quantitative Management LLC grew its position in shares of Wingstop by 34.9% during the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 37 shares during the last quarter. Hollencrest Capital Management grew its position in shares of Wingstop by 53.8% during the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 35 shares during the last quarter. R Squared Ltd bought a new position in shares of Wingstop during the fourth quarter worth about $71,000. Finally, Blue Trust Inc. grew its position in shares of Wingstop by 103.2% during the fourth quarter. Blue Trust Inc. now owns 256 shares of the restaurant operator’s stock worth $73,000 after acquiring an additional 130 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WING shares. Wedbush reduced their price objective on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Barclays reduced their price objective on shares of Wingstop from $359.00 to $315.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Raymond James reaffirmed an “outperform” rating and issued a $330.00 price objective (down previously from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Stifel Nicolaus reduced their price objective on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a report on Friday. Finally, Benchmark reduced their price objective on shares of Wingstop from $340.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Wingstop presently has a consensus rating of “Moderate Buy” and a consensus target price of $357.67.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Raj Kapoor sold 266 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $324.38, for a total transaction of $86,285.08. Following the completion of the sale, the senior vice president now directly owns 266 shares of the company’s stock, valued at approximately $86,285.08. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.36% of the company’s stock.

Wingstop Trading Down 4.5 %

WING stock opened at $224.29 on Tuesday. Wingstop Inc. has a one year low of $219.12 and a one year high of $433.86. The firm has a market capitalization of $6.43 billion, a PE ratio of 60.46, a P/E/G ratio of 2.27 and a beta of 1.81. The firm has a 50-day moving average of $281.73 and a two-hundred day moving average of $334.06.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Friday, March 7th. Wingstop’s dividend payout ratio is presently 29.11%.

Wingstop declared that its Board of Directors has authorized a share repurchase plan on Thursday, December 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to reacquire up to 5.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.