Freedom Investment Management Inc. Has $336,000 Holdings in Wingstop Inc. (NASDAQ:WING)

Freedom Investment Management Inc. raised its stake in shares of Wingstop Inc. (NASDAQ:WING) by 40.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,182 shares of the restaurant operator’s stock after purchasing an additional 339 shares during the period. Freedom Investment Management Inc.’s holdings in Wingstop were worth $336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in shares of Wingstop by 1.9% during the fourth quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator’s stock valued at $342,763,000 after buying an additional 22,552 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Wingstop by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator’s stock worth $326,020,000 after acquiring an additional 7,204 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Wingstop by 23.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator’s stock worth $227,852,000 after acquiring an additional 154,055 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Wingstop by 21.4% in the fourth quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator’s stock valued at $163,131,000 after purchasing an additional 101,247 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Wingstop by 2.6% during the fourth quarter. Marshall Wace LLP now owns 547,831 shares of the restaurant operator’s stock valued at $155,694,000 after purchasing an additional 14,124 shares in the last quarter.

Wingstop Price Performance

WING opened at $210.82 on Tuesday. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86. The firm has a market capitalization of $5.88 billion, a P/E ratio of 56.82, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. The company has a fifty day moving average price of $233.22 and a 200-day moving average price of $289.22.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 0.51%. Wingstop’s dividend payout ratio is currently 29.11%.

Analysts Set New Price Targets

Several research firms have commented on WING. Raymond James reissued an “outperform” rating and set a $330.00 target price (down previously from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Stephens restated an “overweight” rating and issued a $450.00 price objective on shares of Wingstop in a research note on Wednesday, February 19th. TD Securities lowered their target price on Wingstop from $365.00 to $305.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Robert W. Baird reduced their price target on shares of Wingstop from $375.00 to $350.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Finally, Northcoast Research lowered shares of Wingstop from a “buy” rating to a “neutral” rating in a research report on Friday, February 21st. Six 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, Wingstop presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.23.

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.