F M Investments LLC Increases Stock Position in Wingstop Inc. (NASDAQ:WING)

F M Investments LLC boosted its position in Wingstop Inc. (NASDAQ:WING) by 35.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,393 shares of the restaurant operator’s stock after acquiring an additional 622 shares during the period. F M Investments LLC’s holdings in Wingstop were worth $680,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of WING. Raymond James Financial Inc. purchased a new position in Wingstop during the 4th quarter valued at about $115,301,000. Norges Bank purchased a new position in shares of Wingstop during the fourth quarter valued at approximately $106,123,000. Massachusetts Financial Services Co. MA increased its stake in shares of Wingstop by 23.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator’s stock valued at $227,852,000 after buying an additional 154,055 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Wingstop by 21.4% during the fourth 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. Finally, Artisan Partners Limited Partnership lifted its stake in Wingstop by 47.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 268,657 shares of the restaurant operator’s stock worth $76,352,000 after acquiring an additional 86,077 shares during the period.

Wingstop Trading Down 1.2 %

Wingstop stock opened at $237.29 on Friday. Wingstop Inc. has a 12 month low of $205.60 and a 12 month high of $433.86. The stock has a fifty day simple moving average of $243.36 and a two-hundred day simple moving average of $298.34. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 63.96, a PEG ratio of 2.27 and a beta of 2.02.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a $0.27 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.46%. Wingstop’s payout ratio is 29.11%.

Analyst Upgrades and Downgrades

Several research analysts have commented on WING shares. Stephens restated an “overweight” rating and issued a $450.00 price objective on shares of Wingstop in a report on Wednesday, February 19th. Guggenheim raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 price target for the company in a research note on Monday, February 24th. Barclays cut their price objective on Wingstop from $359.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Wedbush decreased their target price on Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, BTIG Research restated a “buy” rating on shares of Wingstop in a research report on Tuesday, March 25th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.