Sei Investments Co. Grows Stake in Wingstop Inc. (NASDAQ:WING)

Sei Investments Co. increased its position in Wingstop Inc. (NASDAQ:WING) by 20.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 102,923 shares of the restaurant operator’s stock after acquiring an additional 17,649 shares during the quarter. Sei Investments Co.’s holdings in Wingstop were worth $29,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WING. Citigroup Inc. increased its position in shares of Wingstop by 138.6% during the 3rd quarter. Citigroup Inc. now owns 14,921 shares of the restaurant operator’s stock valued at $6,208,000 after purchasing an additional 53,542 shares during the last quarter. Cerity Partners LLC increased its holdings in Wingstop by 145.2% during the third quarter. Cerity Partners LLC now owns 9,507 shares of the restaurant operator’s stock valued at $3,956,000 after buying an additional 5,630 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Wingstop by 125.0% in the third quarter. Daiwa Securities Group Inc. now owns 4,770 shares of the restaurant operator’s stock worth $1,985,000 after acquiring an additional 2,650 shares during the period. FMR LLC boosted its stake in shares of Wingstop by 984.7% during the 3rd quarter. FMR LLC now owns 217,946 shares of the restaurant operator’s stock worth $90,683,000 after acquiring an additional 197,853 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of Wingstop by 209.7% during the 3rd quarter. Quantbot Technologies LP now owns 21,394 shares of the restaurant operator’s stock worth $8,902,000 after acquiring an additional 14,485 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on WING. Benchmark decreased their target price on Wingstop from $340.00 to $325.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. UBS Group reduced their price target on Wingstop from $330.00 to $300.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Barclays lowered their price objective on Wingstop from $359.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Wedbush reduced their target price on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Northcoast Research cut shares of Wingstop from a “buy” rating to a “neutral” rating in a research note on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Wingstop presently has an average rating of “Moderate Buy” and a consensus price target of $357.67.

Wingstop Trading Down 1.1 %

WING stock opened at $220.08 on Wednesday. Wingstop Inc. has a 12-month low of $205.60 and a 12-month high of $433.86. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 59.32, a PEG ratio of 2.27 and a beta of 1.88. The business’s 50-day moving average is $260.38 and its 200 day moving average is $315.24.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, March 7th. This represents a $1.08 annualized dividend and a dividend yield of 0.49%. Wingstop’s dividend payout ratio is presently 29.11%.

Wingstop declared that its board has authorized a share repurchase program 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 programs are often an indication that the company’s management believes its stock is undervalued.

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.