Insider Selling: Wingstop (NASDAQ:WING) Director Sells 2,700 Shares of Stock

Wingstop Inc. (NASDAQ:WING) Director Kilandigalu Madati sold 2,700 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total value of $703,971.00. Following the completion of the transaction, the director directly owned 2,583 shares in the company, valued at approximately $673,465.59. This represents a 51.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Wingstop Stock Down 4.4%

Shares of Wingstop stock traded down $11.84 during trading hours on Friday, reaching $260.17. 359,061 shares of the stock traded hands, compared to its average volume of 845,786. Wingstop Inc. has a one year low of $204.00 and a one year high of $388.14. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 42.10, a P/E/G ratio of 2.78 and a beta of 1.80. The company has a 50 day moving average price of $260.92 and a 200 day moving average price of $265.26.

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

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a $0.30 dividend. 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 dividend payout ratio is presently 19.42%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on WING shares. Truist Financial set a $374.00 price objective on Wingstop and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Wells Fargo & Company dropped their price target on Wingstop from $365.00 to $330.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Northcoast Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Wednesday, November 5th. Barclays dropped their target price on shares of Wingstop from $335.00 to $330.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $335.00 price target on shares of Wingstop in a report on Wednesday, February 18th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $336.07.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Quaker Wealth Management LLC increased its stake in Wingstop by 134.2% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 408 shares during the period. Cornerstone Planning Group LLC increased its stake in Wingstop by 1,650.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after buying an additional 99 shares during the period. Hantz Financial Services Inc. increased its stake in Wingstop by 4,200.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock worth $43,000 after buying an additional 126 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Wingstop by 76.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 60 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its position in Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 50 shares during the period.

About Wingstop

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.