Fox Run Management L.L.C. Sells 308 Shares of Wingstop Inc. (NASDAQ:WING)

Fox Run Management L.L.C. reduced its stake in Wingstop Inc. (NASDAQ:WING) by 14.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,817 shares of the restaurant operator’s stock after selling 308 shares during the quarter. Fox Run Management L.L.C.’s holdings in Wingstop were worth $516,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WING. Raymond James Financial Inc. bought a new stake in shares of Wingstop in the 4th quarter worth $115,301,000. FMR LLC boosted its holdings in Wingstop by 984.7% during 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 last quarter. Jacobs Levy Equity Management Inc. grew its position in Wingstop by 392.5% in the 3rd 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 in the last quarter. Two Sigma Advisers LP increased its stake in Wingstop by 20.5% in the 3rd quarter. Two Sigma Advisers LP now owns 418,418 shares of the restaurant operator’s stock valued at $174,095,000 after buying an additional 71,300 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of Wingstop during the 4th quarter worth approximately $19,653,000.

Wingstop Stock Down 1.1 %

Shares of NASDAQ WING opened at $220.08 on Wednesday. The company has a market cap of $6.31 billion, a P/E ratio of 59.32, a P/E/G ratio of 2.27 and a beta of 1.88. Wingstop Inc. has a 52 week low of $205.60 and a 52 week high of $433.86. The business has a 50-day simple moving average of $260.38 and a two-hundred day simple moving average of $315.24.

Wingstop announced that its board has initiated a stock buyback program on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wingstop Announces Dividend

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

Wall Street Analysts Forecast Growth

WING has been the subject of several recent analyst reports. Northcoast Research lowered Wingstop from a “buy” rating to a “neutral” rating in a report on Friday, February 21st. Barclays decreased their target price on Wingstop from $359.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Wedbush cut their price target 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 decreased their price objective on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Benchmark reduced their target price on shares of Wingstop from $340.00 to $325.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $357.67.

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.