Wingstop Inc. (WING) Insider Sells $399,872.20 in Stock
Wingstop Inc. (NASDAQ:WING) insider Stacy Peterson sold 11,557 shares of Wingstop stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $34.60, for a total value of $399,872.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Wingstop Inc. (NASDAQ WING) opened at 32.16 on Thursday. The firm has a market capitalization of $934.96 million, a PE ratio of 50.17 and a beta of 0.60. The stock’s 50 day moving average price is $32.12 and its 200 day moving average price is $29.64. Wingstop Inc. has a one year low of $24.74 and a one year high of $35.91.
Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. Wingstop had a net margin of 19.28% and a negative return on equity of 28.04%. The firm had revenue of $24.70 million for the quarter, compared to the consensus estimate of $24.61 million. During the same period in the previous year, the firm posted $0.15 earnings per share. Analysts expect that Wingstop Inc. will post $0.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Sunday, September 3rd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 30th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mason Street Advisors LLC increased its position in shares of Wingstop by 7.4% in the first quarter. Mason Street Advisors LLC now owns 6,750 shares of the restaurant operator’s stock worth $191,000 after buying an additional 468 shares during the last quarter. State of Tennessee Treasury Department increased its position in shares of Wingstop by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 27,895 shares of the restaurant operator’s stock worth $789,000 after buying an additional 4,210 shares during the last quarter. Eagle Asset Management Inc. bought a new position in shares of Wingstop during the first quarter worth approximately $4,907,000. Texas Permanent School Fund increased its position in shares of Wingstop by 1.1% in the first quarter. Texas Permanent School Fund now owns 20,898 shares of the restaurant operator’s stock worth $591,000 after buying an additional 231 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in shares of Wingstop by 37.2% in the first quarter. TD Asset Management Inc. now owns 34,300 shares of the restaurant operator’s stock worth $970,000 after buying an additional 9,300 shares during the last quarter.
Several equities research analysts recently issued reports on the company. Cowen and Company reiterated a “buy” rating on shares of Wingstop in a report on Thursday, August 24th. BidaskClub upgraded Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research upgraded Wingstop from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Barclays PLC reiterated an “equal weight” rating and issued a $34.00 price objective (up from $32.00) on shares of Wingstop in a report on Friday, August 4th. Finally, Wedbush lifted their price objective on Wingstop from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $34.50.
Wingstop Company Profile
Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
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