Wingstop Inc. (NASDAQ:WING) Stake Raised by Headlands Technologies LLC

Headlands Technologies LLC grew its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 218.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,664 shares of the restaurant operator’s stock after purchasing an additional 1,141 shares during the period. Headlands Technologies LLC’s holdings in Wingstop were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. American Century Companies Inc. boosted its holdings in Wingstop by 1.9% during the fourth quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator’s stock worth $342,763,000 after buying an additional 22,552 shares in the last quarter. State Street Corp lifted its position in shares of Wingstop by 1.5% during the 3rd quarter. State Street Corp now owns 861,783 shares of the restaurant operator’s stock valued at $358,571,000 after acquiring an additional 12,549 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of 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 in the last quarter. 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 worth $163,131,000 after acquiring an additional 101,247 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Wingstop by 20.5% during the third quarter. Two Sigma Advisers LP now owns 418,418 shares of the restaurant operator’s stock worth $174,095,000 after purchasing an additional 71,300 shares during the period.

Wingstop Price Performance

Wingstop stock opened at $242.78 on Friday. Wingstop Inc. has a one year low of $205.60 and a one year high of $433.86. The company’s fifty day moving average price is $253.75 and its two-hundred day moving average price is $308.69. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 65.44, a PEG ratio of 2.27 and a beta of 2.01.

Wingstop declared that its board has approved a share buyback plan on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, March 7th. Wingstop’s payout ratio is 29.11%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WING shares. Northcoast Research cut Wingstop from a “buy” rating to a “neutral” rating in a research note on Friday, February 21st. Barclays dropped their target price on shares of Wingstop from $359.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company started coverage on shares of Wingstop in a research note on Wednesday, March 26th. They issued an “overweight” rating and a $270.00 price objective for the company. UBS Group cut their target price on shares of Wingstop from $330.00 to $300.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, BMO Capital Markets decreased their target price on Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a research report on Thursday, February 20th. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $350.73.

About Wingstop

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.