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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