Wingstop (NASDAQ:WING) Director Sells $141,500.00 in Stock

Wingstop Inc. (NASDAQ:WING) Director Wesley Mcdonald sold 566 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $250.00, for a total transaction of $141,500.00. Following the transaction, the director owned 4,375 shares of the company’s stock, valued at approximately $1,093,750. This represents a 11.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Wingstop Stock Performance

NASDAQ WING opened at $259.51 on Friday. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 2.97 and a beta of 1.80. The business has a 50 day simple moving average of $260.93 and a 200 day simple moving average of $264.78. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $388.14.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.16. The firm had revenue of $175.69 million during the quarter, compared to analysts’ expectations of $177.74 million. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. On average, analysts predict that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, March 6th. Wingstop’s payout ratio is presently 19.42%.

Wall Street Analyst Weigh In

Several research firms have issued reports on WING. Wall Street Zen lowered Wingstop from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Loop Capital initiated coverage on Wingstop in a research note on Friday, January 9th. They set a “buy” rating and a $317.00 target price for the company. Royal Bank Of Canada decreased their target price on Wingstop from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Guggenheim raised their price target on Wingstop from $300.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, Sanford C. Bernstein reduced their price objective on shares of Wingstop from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $336.07.

Institutional Investors Weigh In On Wingstop

Institutional investors and hedge funds have recently bought and sold shares of the company. Vident Advisory LLC boosted its stake in Wingstop by 3.9% in the fourth quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock valued at $229,000 after buying an additional 36 shares in the last quarter. Allworth Financial LP raised its stake in Wingstop by 17.3% during the third quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock worth $67,000 after acquiring an additional 39 shares in the last quarter. YANKCOM Partnership lifted its holdings in shares of Wingstop by 10.1% in the fourth quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock worth $102,000 after acquiring an additional 39 shares during the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Wingstop by 4.6% in the 2nd quarter. Personal CFO Solutions LLC now owns 997 shares of the restaurant operator’s stock valued at $336,000 after purchasing an additional 44 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Wingstop by 1.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock valued at $627,000 after purchasing an additional 45 shares in the last quarter.

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.