Wingstop (NASDAQ:WING) COO Sells $409,025.00 in Stock

Wingstop Inc. (NASDAQ:WING) COO Raj Kapoor sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $163.61, for a total value of $409,025.00. Following the sale, the chief operating officer directly owned 1,659 shares in the company, valued at $271,428.99. This trade represents a 60.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wingstop Stock Performance

NASDAQ WING opened at $167.62 on Thursday. The company has a market capitalization of $4.53 billion, a P/E ratio of 39.35, a P/E/G ratio of 2.14 and a beta of 1.77. Wingstop Inc. has a one year low of $95.82 and a one year high of $302.80. The stock has a 50 day moving average price of $118.02 and a 200-day moving average price of $162.93.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, October 28th. The restaurant operator reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The firm had revenue of $185.13 million during the quarter, compared to analyst estimates of $192.89 million. Wingstop had a net margin of 16.03% and a negative return on equity of 15.80%. Wingstop’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. As a group, equities analysts predict that Wingstop Inc. will post 4.19 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend 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%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BTIG Research restated a “buy” rating and set a $265.00 target price on shares of Wingstop in a research report on Thursday, October 29th. Royal Bank Of Canada lifted their price target on Wingstop from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Morgan Stanley reduced their price objective on Wingstop from $202.00 to $198.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Weiss Ratings cut Wingstop from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Finally, Benchmark decreased their price objective on Wingstop from $285.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $219.56.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its holdings in shares of Wingstop by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,672 shares of the restaurant operator’s stock worth $879,000 after purchasing an additional 59 shares during the last quarter. State of Michigan Retirement System lifted its holdings in Wingstop by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 6,672 shares of the restaurant operator’s stock valued at $1,034,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Wingstop by 35.9% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 101 shares in the last quarter. Hilton Head Capital Partners LLC lifted its holdings in Wingstop by 35.0% during the 3rd quarter. Hilton Head Capital Partners LLC now owns 409 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 106 shares in the last quarter. Finally, KBC Group NV boosted its position in Wingstop by 17.3% in the 1st quarter. KBC Group NV now owns 888 shares of the restaurant operator’s stock valued at $138,000 after buying an additional 131 shares during the period.

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.