Wingstop (NASDAQ:WING) Director Wesley Mcdonald Sells 566 Shares of Stock

Wingstop Inc. (NASDAQ:WING) Director Wesley Mcdonald sold 566 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $250.00, for a total value of $141,500.00. Following the completion of the transaction, the director directly owned 4,375 shares in the company, valued at $1,093,750. This trade represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wingstop Stock Up 6.4%

Shares of NASDAQ WING traded up $16.17 on Thursday, hitting $270.37. The company had a trading volume of 650,472 shares, compared to its average volume of 845,940. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $388.14. The firm has a market capitalization of $7.43 billion, a P/E ratio of 43.75, a PEG ratio of 2.70 and a beta of 1.80. The business has a 50 day moving average of $260.57 and a two-hundred day moving average of $265.21.

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

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be paid a $0.30 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. Wingstop’s dividend payout ratio is 19.42%.

Institutional Investors Weigh In On Wingstop

A number of institutional investors have recently made changes to their positions in the company. Quaker Wealth Management LLC lifted its stake in Wingstop by 134.2% during 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 last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Wingstop by 1,650.0% during the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 99 shares during the period. Hantz Financial Services Inc. lifted its position in shares of 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 last quarter. SBI Securities Co. Ltd. lifted its position in shares of Wingstop by 76.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after buying an additional 60 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of 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.

Analyst Upgrades and Downgrades

WING has been the topic of a number of recent analyst reports. Melius Research set a $350.00 price objective on shares of Wingstop in a report on Tuesday, January 20th. Benchmark reiterated a “buy” rating on shares of Wingstop in a research note on Thursday, February 19th. Wells Fargo & Company reduced their price target on Wingstop from $365.00 to $330.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Royal Bank Of Canada lowered their price objective on Wingstop from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Finally, Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Wednesday, November 5th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $336.07.

Wingstop Company Profile

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.