Wingstop Inc. (NASDAQ:WING) Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Wingstop Inc. (NASDAQ:WING) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,214 shares of the restaurant operator’s stock after purchasing an additional 2,273 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.25% of Wingstop worth $21,092,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in Wingstop in the fourth quarter worth $10,177,000. SG Americas Securities LLC lifted its position in Wingstop by 277.5% in the 4th quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator’s stock valued at $1,356,000 after purchasing an additional 3,507 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Wingstop by 779.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator’s stock valued at $5,247,000 after purchasing an additional 16,361 shares during the period. Los Angeles Capital Management LLC grew its position in Wingstop by 475.0% in the 4th quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator’s stock worth $19,676,000 after purchasing an additional 57,193 shares during the last quarter. Finally, Versor Investments LP increased its stake in shares of Wingstop by 149.0% in the fourth quarter. Versor Investments LP now owns 5,309 shares of the restaurant operator’s stock valued at $1,509,000 after purchasing an additional 3,177 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WING shares. BMO Capital Markets decreased their price objective on Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a report on Thursday, February 20th. Morgan Stanley lowered their price target on Wingstop from $389.00 to $375.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Benchmark decreased their target price on shares of Wingstop from $340.00 to $325.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Robert W. Baird dropped their price target on shares of Wingstop from $375.00 to $350.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Finally, Jefferies Financial Group upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $270.00 price objective for the company in a report on Monday, March 31st. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $348.23.

Wingstop Stock Performance

Wingstop stock opened at $233.04 on Tuesday. The company has a 50 day moving average price of $241.92 and a 200 day moving average price of $296.20. Wingstop Inc. has a 52 week low of $205.60 and a 52 week high of $433.86. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 62.81, a P/E/G ratio of 2.27 and a beta of 2.02.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.27 per share. 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 payout ratio is 29.11%.

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.