Wingstop Inc. (NASDAQ:WING) Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. raised its stake in Wingstop Inc. (NASDAQ:WING) by 153.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 80,853 shares of the restaurant operator’s stock after purchasing an additional 48,898 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Wingstop were worth $22,978,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WING. True Wealth Design LLC purchased a new stake in shares of Wingstop during the third quarter worth approximately $36,000. EverSource Wealth Advisors LLC lifted its stake in Wingstop by 521.4% in 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 during the last quarter. SBI Securities Co. Ltd. acquired a new position in Wingstop during the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC raised its holdings in shares of 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 in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Wingstop during the 4th quarter worth $71,000.

Analyst Ratings Changes

Several research firms recently commented on WING. Barclays dropped their target price on Wingstop from $359.00 to $315.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. TD Securities dropped their price objective on Wingstop from $365.00 to $305.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. UBS Group cut their target price on Wingstop from $330.00 to $300.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Benchmark lowered their price target on Wingstop from $340.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Northcoast Research cut shares of Wingstop from a “buy” rating to a “neutral” rating in a report on Friday, February 21st. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Wingstop currently has an average rating of “Moderate Buy” and an average price target of $357.67.

Wingstop Trading Up 2.8 %

Shares of WING stock opened at $219.35 on Thursday. The company has a market capitalization of $6.29 billion, a P/E ratio of 59.12, a price-to-earnings-growth ratio of 2.27 and a beta of 1.88. The business’s 50 day moving average is $272.47 and its two-hundred day moving average is $326.37. Wingstop Inc. has a twelve month low of $207.53 and a twelve month high of $433.86.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a $0.27 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 0.49%. Wingstop’s dividend payout ratio (DPR) is 29.11%.

Wingstop announced that its board has approved a stock buyback program on Thursday, December 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board 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.