Neuberger Berman Group LLC Purchases 41,921 Shares of Wingstop Inc. (NASDAQ:WING)

Neuberger Berman Group LLC raised its position in Wingstop Inc. (NASDAQ:WING) by 43.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,360 shares of the restaurant operator’s stock after buying an additional 41,921 shares during the quarter. Neuberger Berman Group LLC’s holdings in Wingstop were worth $39,606,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in Wingstop by 1.9% in the 4th quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator’s stock worth $342,763,000 after acquiring an additional 22,552 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Wingstop by 0.9% in the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator’s stock worth $326,020,000 after purchasing an additional 7,204 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Wingstop by 23.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator’s stock valued at $227,852,000 after purchasing an additional 154,055 shares during the period. Alliancebernstein L.P. raised its position in shares of Wingstop by 21.4% in the fourth quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator’s stock valued at $163,131,000 after purchasing an additional 101,247 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Wingstop during the 4th quarter valued at approximately $115,301,000.

Wingstop Stock Down 2.4 %

Shares of WING stock opened at $240.29 on Friday. The business has a 50-day moving average price of $244.76 and a two-hundred day moving average price of $299.63. Wingstop Inc. has a 12-month low of $205.60 and a 12-month high of $433.86. The firm has a market cap of $6.70 billion, a P/E ratio of 64.77, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given 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 0.45%. Wingstop’s payout ratio is 29.11%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Benchmark reduced their price objective on shares of Wingstop from $340.00 to $325.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Wedbush decreased their price objective on Wingstop from $390.00 to $355.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Morgan Stanley dropped their price objective on Wingstop from $389.00 to $375.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Jefferies Financial Group raised Wingstop from a “hold” rating to a “buy” rating and set a $270.00 target price for the company in a report on Monday, March 31st. Finally, Robert W. Baird lowered their price target on shares of Wingstop from $375.00 to $350.00 and set an “outperform” rating on the stock in a report on Monday. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Wingstop presently has a consensus rating of “Moderate Buy” and an average price target of $348.23.

Wingstop Company 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.