Insider Selling: Wingstop Inc. (NASDAQ:WING) Director Sells $215,595.06 in Stock

Wingstop Inc. (NASDAQ:WING) Director Ania Smith sold 566 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total value of $215,595.06. Following the completion of the sale, the director now directly owns 1,164 shares in the company, valued at approximately $443,379.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Wingstop Stock Up 0.7 %

NASDAQ:WING opened at $383.89 on Friday. Wingstop Inc. has a 12 month low of $150.08 and a 12 month high of $400.99. The company’s 50-day moving average price is $370.64 and its two-hundred day moving average price is $309.74. The firm has a market cap of $11.25 billion, a PE ratio of 136.62, a price-to-earnings-growth ratio of 4.92 and a beta of 1.67.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The business had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. On average, research analysts expect that Wingstop Inc. will post 3.39 EPS for the current fiscal year.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.23%. Wingstop’s payout ratio is currently 31.32%.

Analyst Ratings Changes

WING has been the topic of several research analyst reports. TD Cowen restated a “buy” rating and issued a $410.00 price objective on shares of Wingstop in a research note on Wednesday, May 1st. Truist Financial boosted their price objective on shares of Wingstop from $320.00 to $345.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Robert W. Baird increased their target price on shares of Wingstop from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Wedbush boosted their price target on Wingstop from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Stephens reaffirmed an “overweight” rating and issued a $425.00 price target on shares of Wingstop in a report on Wednesday, May 1st. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $330.39.

Hedge Funds Weigh In On Wingstop

Several hedge funds have recently added to or reduced their stakes in WING. Rise Advisors LLC acquired a new position in Wingstop during the 1st quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Wingstop during the fourth quarter worth approximately $28,000. GAMMA Investing LLC lifted its holdings in Wingstop by 53.3% in the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 40 shares during the period. FSC Wealth Advisors LLC bought a new position in Wingstop in the fourth quarter valued at approximately $39,000. Finally, Riverview Trust Co acquired a new stake in Wingstop during the 1st quarter worth $66,000.

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.