Axiom Investors LLC DE Sells 7,858 Shares of Wingstop Inc. (NASDAQ:WING)

Axiom Investors LLC DE lowered its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,060 shares of the restaurant operator's stock after selling 7,858 shares during the quarter. Axiom Investors LLC DE owned 0.11% of Wingstop worth $8,827,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Wingstop by 521.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in Wingstop by 62.5% in 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 during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Wingstop in the 4th quarter valued at about $30,000. True Wealth Design LLC acquired a new position in shares of Wingstop during the 3rd quarter worth about $36,000. Finally, V Square Quantitative Management LLC lifted its stake in Wingstop by 34.9% in 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 last quarter.

Wingstop Price Performance

WING stock traded up $7.19 during trading on Thursday, reaching $243.15. 1,939,478 shares of the company were exchanged, compared to its average volume of 557,730. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 65.73, a P/E/G ratio of 2.27 and a beta of 2.01. The company has a 50-day moving average of $254.66 and a two-hundred day moving average of $309.15. Wingstop Inc. has a twelve month low of $205.60 and a twelve month high of $433.86.

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Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, March 7th. Wingstop's dividend payout ratio (DPR) is 29.11%.

Wingstop declared that its board has approved a stock repurchase plan on Thursday, December 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the restaurant operator to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have issued reports on WING shares. Barclays dropped their price objective on Wingstop from $359.00 to $315.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Stephens reaffirmed an "overweight" rating and set a $450.00 price target on shares of Wingstop in a report on Wednesday, February 19th. UBS Group decreased their price objective on shares of Wingstop from $330.00 to $300.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. BMO Capital Markets cut their target price on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating for the company in a research note on Thursday, February 20th. Finally, Benchmark lowered their price target on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $350.73.

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.