Legal & General Group Plc Cuts Stake in Wingstop Inc. (NASDAQ:WING)

Legal & General Group Plc cut its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,010 shares of the restaurant operator's stock after selling 3,493 shares during the quarter. Legal & General Group Plc owned approximately 0.17% of Wingstop worth $14,497,000 at the end of the most recent reporting period.

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Several other institutional investors also recently bought and sold shares of WING. EverSource Wealth Advisors LLC lifted its position in shares of Wingstop by 521.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted 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 purchasing an additional 35 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Wingstop during the fourth quarter worth $30,000. V Square Quantitative Management LLC raised its position in shares of Wingstop by 34.9% in the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after buying an additional 37 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Wingstop in the fourth quarter worth about $49,000.

Wall Street Analyst Weigh In

A number of research firms have commented on WING. BTIG Research reiterated a "buy" rating on shares of Wingstop in a report on Tuesday, March 25th. 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 report on Monday, March 31st. Raymond James reissued an "outperform" rating and set a $330.00 price objective (down previously from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Guggenheim upgraded Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 price target on the stock in a report on Monday, February 24th. Finally, Stifel Nicolaus dropped their price objective on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $348.23.

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Check Out Our Latest Stock Report on Wingstop

Wingstop Price Performance

NASDAQ WING opened at $224.66 on Wednesday. The company has a market cap of $6.27 billion, a P/E ratio of 60.56, a P/E/G ratio of 2.27 and a beta of 2.02. The stock has a 50-day moving average of $240.25 and a two-hundred day moving average of $295.70. Wingstop Inc. has a 1-year low of $205.60 and a 1-year high of $433.86.

Wingstop Announces Dividend

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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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Friday, March 7th. Wingstop's dividend payout ratio (DPR) is currently 29.11%.

Wingstop 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.

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