Wingstop Inc. (NASDAQ:WING – Get Free Report) Director Wesley Mcdonald sold 1,520 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $145.11, for a total transaction of $220,567.20. Following the sale, the director directly owned 3,986 shares in the company, valued at approximately $578,408.46. This represents a 27.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Wingstop Trading Up 3.7%
Shares of WING opened at $167.62 on Thursday. Wingstop Inc. has a twelve month low of $95.82 and a twelve month high of $302.80. The firm has a market capitalization of $4.53 billion, a P/E ratio of 39.35, a PEG ratio of 2.14 and a beta of 1.77. The firm’s 50-day moving average is $118.02 and its two-hundred day moving average is $162.93.
Wingstop (NASDAQ:WING – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The company had revenue of $185.13 million during the quarter, compared to the consensus estimate of $192.89 million. Wingstop had a net margin of 16.03% and a negative return on equity of 15.80%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. Analysts predict that Wingstop Inc. will post 4.19 EPS for the current year.
Wingstop Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 13th. Wingstop’s dividend payout ratio (DPR) is presently 30.99%.
Analysts Set New Price Targets
Several brokerages recently issued reports on WING. TD Cowen reaffirmed a “hold” rating and set a $120.00 price objective on shares of Wingstop in a report on Thursday, October 29th. Stephens restated an “overweight” rating and issued a $200.00 price target on shares of Wingstop in a research report on Thursday, October 29th. Sanford C. Bernstein cut Wingstop from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $220.00 to $155.00 in a research report on Monday, August 3rd. Citigroup cut their price target on Wingstop from $191.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, BNP Paribas Exane reiterated an “outperform” rating and issued a $182.00 price objective (down from $203.00) on shares of Wingstop in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Wingstop presently has an average rating of “Moderate Buy” and a consensus target price of $219.56.
View Our Latest Report on Wingstop
Institutional Investors Weigh In On Wingstop
A number of institutional investors and hedge funds have recently bought and sold shares of WING. BlackRock Inc. purchased a new position in Wingstop during the second quarter worth $481,314,000. Darsana Capital Partners LP raised its holdings in shares of Wingstop by 20.0% in the second quarter. Darsana Capital Partners LP now owns 1,500,000 shares of the restaurant operator’s stock worth $260,115,000 after acquiring an additional 250,000 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Wingstop by 44.5% in the second quarter. Alyeska Investment Group L.P. now owns 942,943 shares of the restaurant operator’s stock valued at $163,516,000 after acquiring an additional 290,501 shares in the last quarter. State Street Corp lifted its position in shares of Wingstop by 2.0% in the second quarter. State Street Corp now owns 863,951 shares of the restaurant operator’s stock valued at $149,751,000 after acquiring an additional 16,907 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new stake in shares of Wingstop in the second quarter valued at $147,440,000.
Wingstop Company Profile
Wingstop Inc is a franchised restaurant company specializing in cooked-to-order chicken wings and related menu items. Its offerings include classic and boneless wings prepared with a range of flavors, along with chicken sandwiches, tenders, fries, seasoned fries, dips, sides and beverages. The company emphasizes made-to-order food, a digital ordering experience and a menu centered on customizable chicken meals.
Founded in 1994 in Garland, Texas, Wingstop has expanded from a single restaurant into a global brand operated primarily through franchised locations.
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