Fox Run Management L.L.C. Has $516,000 Stock Holdings in Wingstop Inc. (NASDAQ:WING)

Fox Run Management L.L.C. lowered its position in Wingstop Inc. (NASDAQ:WING) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Wingstop in the 4th quarter valued at approximately $115,301,000. FMR LLC increased its holdings in Wingstop by 984.7% in the third quarter. FMR LLC now owns 217,946 shares of the restaurant operator’s stock valued at $90,683,000 after purchasing an additional 197,853 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Wingstop by 392.5% during 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 during the last quarter. Two Sigma Advisers LP lifted its holdings in Wingstop by 20.5% during the 3rd quarter. Two Sigma Advisers LP now owns 418,418 shares of the restaurant operator’s stock worth $174,095,000 after buying an additional 71,300 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in Wingstop during the 4th quarter worth about $19,653,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WING. Guggenheim upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 price objective for the company in a research report on Monday, February 24th. Northcoast Research downgraded shares of Wingstop from a “buy” rating to a “neutral” rating in a research report on Friday, February 21st. Stephens reaffirmed an “overweight” rating and issued a $450.00 price objective on shares of Wingstop in a research note on Wednesday, February 19th. Wedbush lowered their target price on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, UBS Group cut their price target on shares of Wingstop from $330.00 to $300.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Wingstop has a consensus rating of “Moderate Buy” and an average price target of $357.67.

Wingstop Stock Down 1.1 %

Shares of WING opened at $220.08 on Wednesday. The business’s fifty day moving average is $260.38 and its 200 day moving average is $315.24. Wingstop Inc. has a 12-month low of $205.60 and a 12-month high of $433.86. The stock 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 announced that its board has authorized a share buyback program on Thursday, December 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to buy 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 Dividend Announcement

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

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.