Wingstop Inc. (NASDAQ:WING) Director Kilandigalu Madati Sells 645 Shares

Wingstop Inc. (NASDAQ:WINGGet Free Report) Director Kilandigalu Madati sold 645 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total transaction of $255,252.30. Following the completion of the transaction, the director now owns 5,147 shares in the company, valued at approximately $2,036,873.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Wingstop Trading Down 0.5 %

WING stock traded down $2.05 during midday trading on Friday, reaching $383.79. The stock had a trading volume of 305,229 shares, compared to its average volume of 469,278. The company’s fifty day simple moving average is $375.93 and its 200 day simple moving average is $319.51. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 136.58, a price-to-earnings-growth ratio of 5.16 and a beta of 1.70. Wingstop Inc. has a 52-week low of $150.08 and a 52-week high of $410.95.

Wingstop (NASDAQ:WINGGet Free Report) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The business had revenue of $145.70 million during the quarter, compared to the consensus estimate of $136.34 million. During the same period last year, the company earned $0.59 EPS. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. Sell-side analysts predict that Wingstop Inc. will post 3.39 EPS for the current year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, May 16th. Wingstop’s dividend payout ratio (DPR) is presently 31.32%.

Institutional Trading of Wingstop

A number of hedge funds and other institutional investors have recently modified their holdings of WING. Franklin Resources Inc. increased its position in shares of Wingstop by 155.7% during the 4th quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock worth $224,093,000 after purchasing an additional 531,880 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in Wingstop by 64.3% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,079,939 shares of the restaurant operator’s stock valued at $194,216,000 after acquiring an additional 422,727 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in Wingstop during the 4th quarter valued at about $103,899,000. American Century Companies Inc. boosted its holdings in Wingstop by 29.4% during the 3rd quarter. American Century Companies Inc. now owns 1,626,558 shares of the restaurant operator’s stock valued at $292,520,000 after acquiring an additional 370,032 shares during the period. Finally, Norges Bank purchased a new position in Wingstop during the 4th quarter valued at about $80,423,000.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wedbush increased their price target on shares of Wingstop from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Truist Financial increased their price target on shares of Wingstop from $320.00 to $345.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Morgan Stanley upped their price objective on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Jefferies Financial Group upped their price objective on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Finally, BMO Capital Markets upped their price objective on Wingstop from $275.00 to $325.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $331.50.

Get Our Latest Research Report 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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Insider Buying and Selling by Quarter for Wingstop (NASDAQ:WING)

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