Aigen Investment Management LP Sells 2,171 Shares of Wingstop Inc. (NASDAQ:WING)

Aigen Investment Management LP lowered its position in shares of Wingstop Inc. (NASDAQ:WING) by 26.6% during the fourth quarter, HoldingsChannel reports. The fund owned 5,992 shares of the restaurant operator’s stock after selling 2,171 shares during the quarter. Aigen Investment Management LP’s holdings in Wingstop were worth $1,703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hollencrest Capital Management grew its holdings in shares of Wingstop by 53.8% during the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Wingstop by 0.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,523 shares of the restaurant operator’s stock valued at $4,794,000 after acquiring an additional 35 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Wingstop by 34.9% during the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 37 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Wingstop by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 897 shares of the restaurant operator’s stock worth $255,000 after purchasing an additional 47 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of Wingstop by 7.8% in the third quarter. Tidal Investments LLC now owns 758 shares of the restaurant operator’s stock worth $315,000 after purchasing an additional 55 shares during the last quarter.

Wingstop Trading Up 2.3 %

Wingstop stock opened at $229.51 on Wednesday. The firm’s fifty day moving average price is $281.73 and its two-hundred day moving average price is $334.06. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 61.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.81. Wingstop Inc. has a 1-year low of $218.23 and a 1-year high of $433.86.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 0.47%. Wingstop’s dividend payout ratio (DPR) is currently 29.11%.

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

Analyst Upgrades and Downgrades

WING has been the topic of several recent research reports. Raymond James reaffirmed an “outperform” rating and set a $330.00 target price (down from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Morgan Stanley reduced their target price on Wingstop from $389.00 to $375.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus decreased their target price on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Northcoast Research downgraded shares of Wingstop from a “buy” rating to a “neutral” rating in a research report on Friday, February 21st. Finally, UBS Group reduced their price objective on shares of Wingstop from $330.00 to $300.00 and set a “neutral” rating on the stock in a research note 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, the stock has an average rating of “Moderate Buy” and an average price target of $357.67.

Insiders Place Their Bets

In other Wingstop news, SVP Raj Kapoor sold 266 shares of Wingstop stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $324.38, for a total transaction of $86,285.08. Following the transaction, the senior vice president now directly owns 266 shares of the company’s stock, valued at $86,285.08. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.

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.