Wingstop Inc. (NASDAQ:WING) CFO Sells $2,030,886.00 in Stock

Wingstop Inc. (NASDAQ:WING) CFO Alex Kaleida sold 5,400 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $376.09, for a total value of $2,030,886.00. Following the sale, the chief financial officer owned 8,362 shares in the company, valued at approximately $3,144,864.58. This trade represents a 39.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Wingstop Trading Down 3.9%

WING stock opened at $362.45 on Friday. The stock has a 50-day moving average price of $340.50 and a two-hundred day moving average price of $285.90. Wingstop Inc. has a 12-month low of $204.00 and a 12-month high of $433.86. The company has a market cap of $10.11 billion, a PE ratio of 60.41, a price-to-earnings-growth ratio of 5.05 and a beta of 1.84.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%. The firm had revenue of $174.33 million during the quarter, compared to the consensus estimate of $172.60 million. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities analysts forecast that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.3%. This is a boost from Wingstop’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, August 15th. Wingstop’s dividend payout ratio is 18.09%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. purchased a new position in Wingstop in the second quarter valued at about $43,000. MassMutual Private Wealth & Trust FSB raised its position in Wingstop by 93.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 62 shares during the period. True Wealth Design LLC raised its position in Wingstop by 62.1% in the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator’s stock valued at $40,000 after purchasing an additional 54 shares during the period. Quarry LP purchased a new position in Wingstop in the fourth quarter valued at about $41,000. Finally, Signaturefd LLC raised its position in Wingstop by 106.9% in the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 77 shares during the period.

Analysts Set New Price Targets

A number of brokerages have commented on WING. UBS Group increased their target price on Wingstop from $335.00 to $385.00 and gave the company a “neutral” rating in a report on Thursday. Sanford C. Bernstein reiterated an “overweight” rating and set a $440.00 target price on shares of Wingstop in a report on Thursday. Wolfe Research began coverage on Wingstop in a report on Wednesday, July 9th. They set an “outperform” rating and a $280.00 target price on the stock. Melius began coverage on Wingstop in a report on Monday, July 14th. They set a “hold” rating and a $350.00 target price on the stock. Finally, Bank of America reduced their price target on Wingstop from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Friday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $379.52.

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.