Swiss National Bank Acquires 300 Shares of Wingstop Inc. (NASDAQ:WING)

Swiss National Bank boosted its holdings in shares of Wingstop Inc. (NASDAQ:WING) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,600 shares of the restaurant operator’s stock after buying an additional 300 shares during the quarter. Swiss National Bank’s holdings in Wingstop were worth $16,370,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WING. Raymond James Financial Inc. bought a new position in shares of Wingstop in the fourth quarter worth approximately $115,301,000. FMR LLC boosted its position in shares of Wingstop by 984.7% in the third quarter. FMR LLC now owns 217,946 shares of the restaurant operator’s stock worth $90,683,000 after purchasing an additional 197,853 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Wingstop by 392.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 184,068 shares of the restaurant operator’s stock worth $76,587,000 after purchasing an additional 146,692 shares during the period. Eagle Asset Management Inc. boosted its position in shares of Wingstop by 40.8% in the third quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator’s stock worth $193,630,000 after purchasing an additional 134,802 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of Wingstop by 20.5% in the third quarter. Two Sigma Advisers LP now owns 418,418 shares of the restaurant operator’s stock worth $174,095,000 after purchasing an additional 71,300 shares during the period.

Wingstop Stock Down 3.3 %

WING stock opened at $207.00 on Wednesday. Wingstop Inc. has a twelve month low of $205.60 and a twelve month high of $433.86. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 55.80, a price-to-earnings-growth ratio of 2.27 and a beta of 1.88. The firm’s fifty day simple moving average is $266.14 and its two-hundred day simple moving average is $320.74.

Wingstop Dividend Announcement

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

Wingstop declared that its board has authorized a share buyback plan on Thursday, December 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wedbush lowered their target price on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus lowered their target price on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Morgan Stanley lowered their target price on shares of Wingstop from $389.00 to $375.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. UBS Group lowered their target price 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, Raymond James reissued an “outperform” rating and issued a $330.00 target price (down previously from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.