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Wingstop Inc. (NASDAQ:WING) CEO Michael Skipworth Sells 10,000 Shares

Wingstop logo with Retail/Wholesale background

Wingstop Inc. (NASDAQ:WING - Get Free Report) CEO Michael Skipworth sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the sale, the chief executive officer now directly owns 47,190 shares of the company's stock, valued at $15,919,074.60. The trade was a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wingstop Price Performance

NASDAQ:WING traded down $2.70 during mid-day trading on Tuesday, reaching $346.40. The stock had a trading volume of 661,118 shares, compared to its average volume of 628,263. The business's 50 day moving average is $264.45 and its 200 day moving average is $275.42. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The stock has a market cap of $9.67 billion, a P/E ratio of 93.37, a PEG ratio of 2.27 and a beta of 1.80.

Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The firm had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. The firm's revenue was up 17.4% on a year-over-year basis. Equities analysts expect 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, June 6th. Investors of record on Friday, May 16th will be paid a $0.27 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.31%. Wingstop's payout ratio is 18.09%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WING. Proficio Capital Partners LLC acquired a new stake in shares of Wingstop in the fourth quarter valued at $10,177,000. Y Intercept Hong Kong Ltd increased its stake in shares of Wingstop by 779.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator's stock valued at $5,247,000 after buying an additional 16,361 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Wingstop by 475.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator's stock valued at $19,676,000 after buying an additional 57,193 shares in the last quarter. Versor Investments LP increased its stake in shares of Wingstop by 149.0% in the fourth quarter. Versor Investments LP now owns 5,309 shares of the restaurant operator's stock valued at $1,509,000 after buying an additional 3,177 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in shares of Wingstop by 153.0% in the fourth quarter. Jupiter Asset Management Ltd. now owns 80,853 shares of the restaurant operator's stock valued at $22,978,000 after buying an additional 48,898 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Bank of America upped their price target on shares of Wingstop from $319.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Barclays cut their price target on shares of Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus cut their price target on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. UBS Group cut their price target on shares of Wingstop from $300.00 to $255.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Benchmark cut their price target on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Wingstop currently has a consensus rating of "Moderate Buy" and an average price target of $341.83.

Check Out Our Latest Stock Analysis on Wingstop

Wingstop Company Profile

(Get Free Report)

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.

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