Swiss National Bank Boosts Stake in Wingstop Inc. (NASDAQ:WING)

Swiss National Bank grew its stake in shares of Wingstop Inc. (NASDAQ:WING) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,600 shares of the restaurant operator’s stock after buying an additional 300 shares during the quarter. Swiss National Bank owned 0.20% of Wingstop worth $16,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Wingstop by 521.4% during 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 during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Wingstop during the 4th quarter valued at $30,000. True Wealth Design LLC bought a new position in shares of Wingstop during the 3rd quarter valued at $36,000. V Square Quantitative Management LLC grew its holdings in shares of Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 37 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Wingstop during the 4th quarter valued at $71,000.

Wingstop Stock Down 3.3 %

Shares of WING stock opened at $207.00 on Wednesday. The company has a 50 day moving average price of $266.14 and a 200-day moving average price of $320.74. Wingstop Inc. has a 52 week low of $205.60 and a 52 week high of $433.86. The firm has a market capitalization of $5.93 billion, a PE ratio of 55.80, a P/E/G ratio of 2.27 and a beta of 1.88.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.52%. Wingstop’s dividend payout ratio (DPR) is 29.11%.

Wingstop announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the restaurant operator to purchase up to 5.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WING shares. Raymond James reaffirmed an “outperform” rating and set a $330.00 target price (down previously from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Northcoast Research lowered shares of Wingstop from a “buy” rating to a “neutral” rating in a report on Friday, February 21st. BMO Capital Markets cut their price target on shares of Wingstop from $335.00 to $300.00 and set a “market perform” rating on the stock in a report on Thursday, February 20th. UBS Group cut their price target on shares of Wingstop from $330.00 to $300.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Finally, Barclays cut their price target on shares of Wingstop from $359.00 to $315.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Wingstop presently has a consensus rating of “Moderate Buy” and an average price target of $357.67.

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.