Marisa Carona Sells 11,938 Shares of Wingstop Inc. (NASDAQ:WING) Stock

Key Points

• Marisa Carona, Senior Vice President of Wingstop Inc., sold 11,938 shares of the company's stock for approximately $4.42 million on August 1st, at an average price of $370.34 per share.
• Wingstop's stock has dropped by 3.9% recently, trading at $362.45, while the company has a market capitalization of $10.11 billion.
• The company announced an increase in its quarterly dividend from $0.27 to $0.30 per share, which will be paid to investors on September 5th.

Wingstop Inc. (NASDAQ:WING - Get Free Report) SVP Marisa Carona sold 11,938 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $370.34, for a total transaction of $4,421,118.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Wingstop Stock Down 3.9%

Shares of Wingstop stock traded down $14.89 during trading on Friday, reaching $362.45. 1,199,950 shares of the company were exchanged, compared to its average volume of 770,947. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The business has a 50-day moving average price of $340.50 and a 200-day moving average price of $285.90. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 60.41, a P/E/G ratio of 5.05 and a beta of 1.84.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%. The company had revenue of $174.33 million during the quarter, compared to analysts' expectations of $172.60 million. During the same quarter last year, the company earned $0.93 EPS. Wingstop's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.30 per share. This is an increase from Wingstop's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 15th. Wingstop's dividend payout ratio (DPR) is currently 18.09%.

Analysts Set New Price Targets

A number of research firms have commented on WING. UBS Group raised their target price on shares of Wingstop from $335.00 to $385.00 and gave the company a "neutral" rating in a research report on Thursday. Melius started coverage on shares of Wingstop in a report on Monday, July 14th. They issued a "hold" rating and a $350.00 price target for the company. Barclays lifted their target price on shares of Wingstop from $410.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday. Westpark Capital raised shares of Wingstop to a "strong-buy" rating in a research note on Wednesday, July 9th. Finally, TD Securities reissued a "buy" rating and set a $440.00 price target on shares of Wingstop in a research report on Tuesday, June 17th. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $379.52.

Institutional Investors Weigh In On Wingstop

A number of large investors have recently added to or reduced their stakes in the stock. Freedom Investment Management Inc. boosted its stake in Wingstop by 2.2% during the 2nd quarter. Freedom Investment Management Inc. now owns 1,371 shares of the restaurant operator's stock valued at $462,000 after purchasing an additional 30 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Wingstop by 16.8% during the second quarter. Farther Finance Advisors LLC now owns 223 shares of the restaurant operator's stock worth $75,000 after acquiring an additional 32 shares in the last quarter. Wedmont Private Capital lifted its position in shares of Wingstop by 2.9% during the second quarter. Wedmont Private Capital now owns 1,165 shares of the restaurant operator's stock worth $389,000 after acquiring an additional 33 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Wingstop by 22.3% during the second quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 33 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Wingstop by 0.5% during the second quarter. Harbor Capital Advisors Inc. now owns 6,569 shares of the restaurant operator's stock worth $2,212,000 after acquiring an additional 34 shares in the last quarter.

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.

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