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

Sei Investments Co. grew its position in shares of Wingstop Inc. (NASDAQ:WING) by 20.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,923 shares of the restaurant operator’s stock after acquiring an additional 17,649 shares during the period. Sei Investments Co. owned about 0.35% of Wingstop worth $29,251,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC bought a new position in Wingstop during the 3rd quarter valued at approximately $36,000. EverSource Wealth Advisors LLC raised its holdings in shares of Wingstop by 521.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in shares of Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 35 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Wingstop in the fourth quarter worth $30,000. Finally, V Square Quantitative Management LLC increased its position in Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 37 shares during the period.

Wingstop Trading Down 1.1 %

Wingstop 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 fifty day simple moving average of $260.38 and a two-hundred day simple moving average of $315.24. The firm 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.

Wingstop announced that its Board of Directors has approved a share repurchase program on Thursday, December 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Friday, March 7th. Wingstop’s dividend payout ratio (DPR) is 29.11%.

Analyst Upgrades and Downgrades

WING has been the subject of several research analyst reports. Wedbush dropped their target price on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. BMO Capital Markets lowered their price objective on shares of Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a report on Thursday, February 20th. Stephens reiterated an “overweight” rating and set a $450.00 target price on shares of Wingstop in a report on Wednesday, February 19th. UBS Group lowered their target price on Wingstop from $330.00 to $300.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Finally, Barclays reduced their price target on Wingstop from $359.00 to $315.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.