2,913 Shares in Wingstop Inc. (NASDAQ:WING) Purchased by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC bought a new stake in Wingstop Inc. (NASDAQ:WING) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,913 shares of the restaurant operator’s stock, valued at approximately $828,000.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Wingstop by 1.9% in the fourth quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator’s stock worth $342,763,000 after purchasing an additional 22,552 shares in the last quarter. State Street Corp lifted its position in Wingstop by 1.5% during the 3rd quarter. State Street Corp now owns 861,783 shares of the restaurant operator’s stock worth $358,571,000 after buying an additional 12,549 shares in the last quarter. Franklin Resources Inc. lifted its position 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 buying an additional 7,204 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Wingstop by 23.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator’s stock worth $227,852,000 after buying an additional 154,055 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Wingstop by 21.4% in the 4th quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator’s stock valued at $163,131,000 after acquiring an additional 101,247 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WING shares. Barclays reduced their price target on Wingstop from $359.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. TD Securities decreased their target price on shares of Wingstop from $365.00 to $305.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Raymond James reaffirmed an “outperform” rating and set a $330.00 price target (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. BMO Capital Markets lowered their price objective on shares of Wingstop from $335.00 to $300.00 and set a “market perform” rating on the stock in a research note 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. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Wingstop has a consensus rating of “Moderate Buy” and an average target price of $348.23.

Wingstop Stock Up 0.3 %

NASDAQ WING opened at $221.71 on Wednesday. Wingstop Inc. has a 12-month low of $205.60 and a 12-month high of $433.86. The firm has a 50-day moving average price of $248.25 and a two-hundred day moving average price of $302.58. The company has a market capitalization of $6.19 billion, a P/E ratio of 59.76, a P/E/G ratio of 2.27 and a beta of 2.02.

Wingstop Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Friday, March 7th. Wingstop’s dividend payout ratio is currently 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.