Wingstop Inc. (NASDAQ:WING) Shares Bought by Virtu Financial LLC

Virtu Financial LLC lifted its position in shares of Wingstop Inc. (NASDAQ:WING) by 62.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,551 shares of the restaurant operator’s stock after acquiring an additional 598 shares during the quarter. Virtu Financial LLC’s holdings in Wingstop were worth $441,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in Wingstop by 6.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 11,042 shares of the restaurant operator’s stock valued at $3,138,000 after purchasing an additional 649 shares during the last quarter. Whittier Trust Co. grew its stake in Wingstop by 2.8% in the 4th quarter. Whittier Trust Co. now owns 21,474 shares of the restaurant operator’s stock valued at $6,102,000 after acquiring an additional 590 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Wingstop by 37.8% during the 4th quarter. Teacher Retirement System of Texas now owns 14,200 shares of the restaurant operator’s stock valued at $4,036,000 after acquiring an additional 3,892 shares in the last quarter. Xponance Inc. increased its holdings in Wingstop by 4.2% during the 4th quarter. Xponance Inc. now owns 6,009 shares of the restaurant operator’s stock valued at $1,708,000 after acquiring an additional 241 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Wingstop by 1.3% in the fourth quarter. Advisors Asset Management Inc. now owns 8,057 shares of the restaurant operator’s stock valued at $2,290,000 after purchasing an additional 103 shares in the last quarter.

Wingstop Stock Up 0.1 %

WING opened at $220.37 on Thursday. Wingstop Inc. has a 52-week low of $205.60 and a 52-week high of $433.86. The company has a 50 day moving average of $259.33 and a two-hundred day moving average of $314.57. The company has a market cap of $6.32 billion, a P/E ratio of 59.40, a P/E/G ratio of 2.27 and a beta of 1.88.

Wingstop declared that its Board of Directors has approved a share buyback program on Thursday, December 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wingstop Dividend Announcement

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

Wall Street Analysts Forecast Growth

WING has been the subject of several research reports. UBS Group cut their price objective on Wingstop from $330.00 to $300.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. BMO Capital Markets dropped their price target on Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a research report on Thursday, February 20th. Guggenheim upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 price objective on the stock in a research report on Monday, February 24th. Raymond James reiterated an “outperform” rating and set a $330.00 price objective (down previously from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Finally, Wedbush decreased their price target on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $353.68.

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.