Bullseye Asset Management LLC Has $4.52 Million Stock Holdings in Wingstop Inc. (NASDAQ:WING)

Bullseye Asset Management LLC reduced its position in shares of Wingstop Inc. (NASDAQ:WING) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,912 shares of the restaurant operator’s stock after selling 206 shares during the period. Wingstop accounts for approximately 2.1% of Bullseye Asset Management LLC’s holdings, making the stock its 19th biggest position. Bullseye Asset Management LLC owned about 0.05% of Wingstop worth $4,522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WING. Raymond James Financial Inc. acquired a new stake in shares of Wingstop in the fourth quarter valued at about $115,301,000. Norges Bank bought a new stake in Wingstop during the 4th quarter valued at approximately $106,123,000. Champlain Investment Partners LLC acquired a new stake in Wingstop in the 4th quarter valued at approximately $77,855,000. Price T Rowe Associates Inc. MD grew its holdings in Wingstop by 29.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator’s stock valued at $326,893,000 after buying an additional 262,229 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Wingstop by 23.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator’s stock worth $227,852,000 after buying an additional 154,055 shares during the period.

Wingstop Stock Performance

Shares of WING stock opened at $217.59 on Friday. The stock’s fifty day moving average is $227.68 and its 200-day moving average is $286.94. Wingstop Inc. has a 52 week low of $204.00 and a 52 week high of $433.86. The stock has a market capitalization of $6.07 billion, a PE ratio of 58.65, a PEG ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, March 7th. Wingstop’s payout ratio is presently 29.11%.

Analyst Ratings Changes

WING has been the topic of several research analyst reports. Wells Fargo & Company began coverage on shares of Wingstop in a research note on Wednesday, March 26th. They issued an “overweight” rating and a $270.00 price objective on the stock. Jefferies Financial Group upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $270.00 price target on the stock in a research report on Monday, March 31st. Northcoast Research lowered shares of Wingstop from a “buy” rating to a “neutral” rating in a research report on Friday, February 21st. Stifel Nicolaus decreased their target price on Wingstop from $375.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Wedbush cut their price target on Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Wingstop presently has an average rating of “Moderate Buy” and an average price target of $334.13.

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.