Shelton Capital Management Sells 50 Shares of Wingstop Inc. (NASDAQ:WING)

Shelton Capital Management lessened its position in shares of Wingstop Inc. (NASDAQ:WING) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,104 shares of the restaurant operator’s stock after selling 50 shares during the period. Shelton Capital Management’s holdings in Wingstop were worth $314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 35 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Wingstop in the fourth quarter worth approximately $30,000. V Square Quantitative Management LLC raised its stake in Wingstop by 34.9% in the fourth 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, Aster Capital Management DIFC Ltd bought a new stake in Wingstop during the fourth quarter valued at approximately $49,000.

Wingstop Trading Down 2.4 %

Wingstop stock opened at $240.29 on Friday. The firm has a market cap of $6.70 billion, a P/E ratio of 64.77, a P/E/G ratio of 2.27 and a beta of 2.02. Wingstop Inc. has a 1-year low of $205.60 and a 1-year high of $433.86. The firm has a 50-day moving average of $244.76 and a 200-day moving average of $299.63.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.45%. The ex-dividend date was Friday, March 7th. Wingstop’s dividend payout ratio (DPR) is currently 29.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Wedbush reduced their target price 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 price target on Wingstop from $330.00 to $300.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Robert W. Baird reduced their price objective on Wingstop from $375.00 to $350.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Morgan Stanley decreased their price objective on Wingstop from $389.00 to $375.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $348.23.

Wingstop 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.