Wingstop Inc. (NASDAQ:WING) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP trimmed its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,992 shares of the restaurant operator's stock after selling 2,171 shares during the period. Aigen Investment Management LP's holdings in Wingstop were worth $1,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in Wingstop during the 4th quarter valued at approximately $10,177,000. SG Americas Securities LLC lifted its stake in shares of Wingstop by 277.5% in the 4th quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator's stock valued at $1,356,000 after purchasing an additional 3,507 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in shares of Wingstop by 779.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator's stock valued at $5,247,000 after purchasing an additional 16,361 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of Wingstop by 475.0% in the 4th quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator's stock valued at $19,676,000 after purchasing an additional 57,193 shares during the period. Finally, Conway Capital Management Inc. acquired a new position in shares of Wingstop in the 3rd quarter valued at $3,544,000.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Raj Kapoor sold 266 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $324.38, for a total value of $86,285.08. Following the transaction, the senior vice president now owns 266 shares of the company's stock, valued at $86,285.08. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by corporate insiders.

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Wingstop Stock Up 4.0 %

Shares of Wingstop stock traded up $8.84 during trading hours on Friday, reaching $227.12. 1,359,486 shares of the company's stock were exchanged, compared to its average volume of 529,016. Wingstop Inc. has a 1 year low of $209.61 and a 1 year high of $433.86. The company has a market capitalization of $6.51 billion, a P/E ratio of 61.22, a price-to-earnings-growth ratio of 2.27 and a beta of 1.88. The business has a fifty day moving average of $276.65 and a two-hundred day moving average of $330.04.

Wingstop declared that its board has approved a share buyback plan on Thursday, December 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase plans are typically 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. Investors of record on Friday, March 7th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Friday, March 7th. Wingstop's dividend payout ratio is currently 29.11%.

Analysts Set New Price Targets

Several research firms recently issued reports on WING. Barclays decreased their target price on shares of Wingstop from $359.00 to $315.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Stephens reiterated an "overweight" rating and issued a $450.00 target price on shares of Wingstop in a research note on Wednesday, February 19th. Morgan Stanley decreased their target price on shares of Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Northcoast Research cut shares of Wingstop from a "buy" rating to a "neutral" rating in a research note on Friday, February 21st. Finally, Raymond James restated an "outperform" rating and set a $330.00 price objective (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $357.67.

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.