Advisor OS LLC Makes New Investment in Wingstop Inc. (NASDAQ:WING)

Advisor OS LLC purchased a new stake in Wingstop Inc. (NASDAQ:WING) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 960 shares of the restaurant operator’s stock, valued at approximately $273,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WING. SG Americas Securities LLC grew its position in shares of Wingstop by 277.5% in the 4th quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator’s stock worth $1,356,000 after buying an additional 3,507 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Wingstop by 779.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator’s stock worth $5,247,000 after purchasing an additional 16,361 shares in the last quarter. Conway Capital Management Inc. purchased a new position in Wingstop during the 3rd quarter worth $3,544,000. Los Angeles Capital Management LLC acquired a new position in Wingstop during the 3rd quarter valued at about $5,010,000. Finally, Eagle Asset Management Inc. raised its stake in Wingstop by 40.8% in the third quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator’s stock valued at $193,630,000 after buying an additional 134,802 shares during the last quarter.

Insider Buying and Selling

In other Wingstop news, SVP Raj Kapoor sold 266 shares of Wingstop 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 in the company, valued at $86,285.08. This trade represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.36% of the company’s stock.

Wingstop Stock Performance

WING opened at $228.62 on Friday. The business’s 50 day moving average price is $284.18 and its 200 day moving average price is $336.73. The stock has a market capitalization of $6.55 billion, a PE ratio of 61.62, a P/E/G ratio of 2.27 and a beta of 1.81. Wingstop Inc. has a one year low of $219.12 and a one year high of $433.86.

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

Wingstop Announces Dividend

The firm 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 dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, March 7th. Wingstop’s payout ratio is 29.11%.

Analyst Ratings Changes

WING has been the topic of a number of research analyst reports. Wedbush dropped their price target on Wingstop from $390.00 to $355.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. UBS Group dropped their target price on shares of Wingstop from $330.00 to $300.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. TD Securities decreased their price target on shares of Wingstop from $365.00 to $305.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Northcoast Research downgraded Wingstop from a “buy” rating to a “neutral” rating in a research report on Friday, February 21st. Finally, BTIG Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price target for the company in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $362.90.

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.