Wingstop Inc. (NASDAQ:WING) SVP Sells $173,945.59 in Stock

Wingstop Inc. (NASDAQ:WING) SVP Raj Kapoor sold 637 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $273.07, for a total transaction of $173,945.59. Following the sale, the senior vice president now directly owns 517 shares in the company, valued at $141,177.19. This represents a 55.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wingstop Stock Down 3.2 %

WING opened at $267.34 on Friday. The firm’s 50 day moving average is $230.75 and its 200-day moving average is $277.09. Wingstop Inc. has a 52-week low of $204.00 and a 52-week high of $433.86. The firm has a market capitalization of $7.46 billion, a P/E ratio of 72.06, a P/E/G ratio of 2.27 and a beta of 1.80.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. The firm had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. Equities analysts expect that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Friday, May 16th. Wingstop’s dividend payout ratio is currently 18.09%.

Institutional Investors Weigh In On Wingstop

Several hedge funds and other institutional investors have recently bought and sold shares of WING. Headlands Technologies LLC grew its position in shares of Wingstop by 100.5% during the first quarter. Headlands Technologies LLC now owns 3,337 shares of the restaurant operator’s stock worth $753,000 after buying an additional 1,673 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its stake in Wingstop by 11.6% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 4,413 shares of the restaurant operator’s stock valued at $995,000 after acquiring an additional 460 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Wingstop by 8.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 220,614 shares of the restaurant operator’s stock worth $49,766,000 after acquiring an additional 16,373 shares in the last quarter. Blueshift Asset Management LLC increased its position in shares of Wingstop by 472.1% in the 1st quarter. Blueshift Asset Management LLC now owns 11,533 shares of the restaurant operator’s stock worth $2,602,000 after purchasing an additional 9,517 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in shares of Wingstop in the 1st quarter valued at about $209,000.

Wall Street Analyst Weigh In

WING has been the subject of several recent analyst reports. Robert W. Baird lowered their target price on shares of Wingstop from $375.00 to $350.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. Sanford C. Bernstein set a $260.00 target price on Wingstop in a research note on Tuesday, April 22nd. Cowen reissued a “buy” rating on shares of Wingstop in a research note on Thursday, May 1st. Northcoast Research downgraded shares of Wingstop from a “buy” rating to a “neutral” rating in a research note on Friday, February 21st. Finally, Gordon Haskett raised shares of Wingstop to a “strong-buy” rating in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $322.09.

About Wingstop

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.