Swiss National Bank grew its position in shares of Wingstop Inc (NASDAQ:WING) by 4.7% in the fourth quarter, HoldingsChannel reports. The firm owned 49,500 shares of the restaurant operator’s stock after purchasing an additional 2,200 shares during the period. Swiss National Bank’s holdings in Wingstop were worth $1,930,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Turner Investments LLC purchased a new position in shares of Wingstop during the 3rd quarter valued at $150,000. First Mercantile Trust Co. bought a new stake in shares of Wingstop during the 4th quarter worth $223,000. Fortaleza Asset Management Inc. lifted its holdings in shares of Wingstop by 71.0% during the 4th quarter. Fortaleza Asset Management Inc. now owns 5,960 shares of the restaurant operator’s stock worth $232,000 after acquiring an additional 2,475 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Wingstop during the 3rd quarter worth $210,000. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of Wingstop during the 2nd quarter worth $263,000.
Shares of Wingstop Inc (NASDAQ WING) opened at $48.12 on Monday. The company has a debt-to-equity ratio of -2.69, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $1,400.00 and a price-to-earnings ratio of 65.03. Wingstop Inc has a one year low of $25.37 and a one year high of $49.69.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, March 8th. Wingstop’s dividend payout ratio is presently 28.38%.
A number of research firms have recently issued reports on WING. SunTrust Banks set a $52.00 price objective on shares of Wingstop and gave the stock a “buy” rating in a report on Thursday, January 11th. Deutsche Bank reaffirmed a “hold” rating and set a $40.00 price objective (up from $38.00) on shares of Wingstop in a report on Friday, February 23rd. Wedbush reaffirmed a “buy” rating and set a $41.00 price objective on shares of Wingstop in a report on Friday, February 23rd. Zacks Investment Research downgraded shares of Wingstop from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, Barclays reaffirmed an “equal weight” rating and set a $40.00 price objective (down from $44.00) on shares of Wingstop in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Wingstop currently has a consensus rating of “Hold” and a consensus price target of $45.42.
In other Wingstop news, Chairman Charles R. Morrison sold 1,476 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $48.13, for a total value of $71,039.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Flynn Dekker sold 10,000 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $45.60, for a total transaction of $456,000.00. The disclosure for this sale can be found here. Insiders sold 12,301 shares of company stock valued at $563,603 over the last three months. 1.76% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY NOTICE: “Wingstop Inc (WING) Stake Lifted by Swiss National Bank” was reported by Ticker Report and is owned by of Ticker Report. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/3257118/wingstop-inc-wing-stake-lifted-by-swiss-national-bank.html.
Wingstop Company Profile
Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
Want to see what other hedge funds are holding WING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wingstop Inc (NASDAQ:WING).
Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.