Wingstop (NASDAQ:WING) Director Kilandigalu Madati Sells 269 Shares

Wingstop Inc. (NASDAQ:WING) Director Kilandigalu Madati sold 269 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total value of $69,931.93. Following the transaction, the director directly owned 5,283 shares in the company, valued at approximately $1,373,421.51. This represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wingstop Trading Down 1.5%

Shares of NASDAQ WING traded down $3.89 on Wednesday, reaching $259.08. 521,057 shares of the company traded hands, compared to its average volume of 851,932. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $388.14. The company has a 50 day moving average of $246.52 and a 200 day moving average of $300.45. The stock has a market capitalization of $7.20 billion, a PE ratio of 42.20, a P/E/G ratio of 3.32 and a beta of 1.73.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.18. The company had revenue of $175.74 million during the quarter, compared to the consensus estimate of $189.10 million. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. Wingstop’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 earnings per share. As a group, research analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 21st. Wingstop’s payout ratio is currently 19.54%.

Analyst Ratings Changes

A number of brokerages have issued reports on WING. Wall Street Zen cut shares of Wingstop from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Guggenheim raised their price target on Wingstop from $325.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. BMO Capital Markets lowered their price objective on Wingstop from $345.00 to $280.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. BTIG Research cut their target price on Wingstop from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $300.00 price target on shares of Wingstop in a report on Wednesday, November 5th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $335.96.

Institutional Investors Weigh In On Wingstop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Wingstop by 43.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator’s stock worth $371,517,000 after acquiring an additional 496,717 shares in the last quarter. American Century Companies Inc. increased its position in Wingstop by 23.3% in the 2nd quarter. American Century Companies Inc. now owns 1,557,383 shares of the restaurant operator’s stock worth $524,433,000 after purchasing an additional 294,786 shares during the last quarter. Lone Pine Capital LLC purchased a new stake in shares of Wingstop during the 3rd quarter worth about $375,317,000. Steadfast Capital Management LP raised its stake in shares of Wingstop by 296.2% during the 3rd quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock worth $239,227,000 after purchasing an additional 710,621 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Wingstop by 50.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 949,033 shares of the restaurant operator’s stock valued at $238,853,000 after buying an additional 316,328 shares during the last quarter.

Wingstop Company Profile

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.