Wingstop Inc. (NASDAQ:WING) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 45.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,441 shares of the restaurant operator’s stock after selling 25,346 shares during the period. First Trust Advisors LP owned approximately 0.10% of Wingstop worth $8,651,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WING. EverSource Wealth Advisors LLC increased its holdings in 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 purchasing an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its stake in Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after buying an additional 35 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Wingstop during the 4th quarter worth $30,000. V Square Quantitative Management LLC grew its stake in Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock worth $41,000 after buying an additional 37 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Wingstop during the 4th quarter worth $49,000.

Analyst Upgrades and Downgrades

WING has been the subject of several recent analyst reports. Jefferies Financial Group raised Wingstop from a “hold” rating to a “buy” rating and set a $270.00 price target for the company in a research note on Monday, March 31st. Truist Financial decreased their target price on Wingstop from $265.00 to $242.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. BTIG Research reaffirmed a “buy” rating on shares of Wingstop in a research note on Tuesday, March 25th. Stifel Nicolaus decreased their target price on Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Benchmark reduced their target price on Wingstop from $340.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $332.17.

Wingstop Stock Down 1.2 %

Shares of WING opened at $224.67 on Tuesday. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $433.86. The business has a 50-day simple moving average of $225.30 and a two-hundred day simple moving average of $282.89. The stock has a market cap of $6.27 billion, a PE ratio of 60.56, a PEG 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. Shareholders of record on Friday, March 7th were given a $0.27 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.48%. Wingstop’s dividend payout ratio (DPR) is presently 29.11%.

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.