Voya Investment Management LLC Boosts Stake in Wingstop Inc. (NASDAQ:WING)

Voya Investment Management LLC raised its stake in shares of Wingstop Inc. (NASDAQ:WING) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 285,672 shares of the restaurant operator’s stock after buying an additional 54,246 shares during the quarter. Voya Investment Management LLC owned about 0.98% of Wingstop worth $81,146,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WING. EverSource Wealth Advisors LLC boosted its stake in shares of Wingstop by 521.4% during 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 during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in shares of 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 about $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 acquired a new position in Wingstop in the 4th quarter valued at $49,000.

Wingstop Stock Up 0.6 %

NASDAQ WING opened at $217.59 on Friday. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The business has a 50 day moving average price of $227.68 and a two-hundred day moving average price of $286.94. The stock has a market cap of $6.07 billion, a PE ratio of 58.65, a P/E/G ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 0.50%. Wingstop’s dividend payout ratio is currently 29.11%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WING. Wells Fargo & Company began coverage on Wingstop in a report on Wednesday, March 26th. They set an “overweight” rating and a $270.00 price objective on the stock. Morgan Stanley lowered their price target on Wingstop from $389.00 to $375.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Guggenheim raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 price objective for the company in a research note on Monday, February 24th. Truist Financial decreased their target price on shares of Wingstop from $265.00 to $242.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus dropped their price target on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.13.

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.