Albert G. Mcgrath Sells 1,500 Shares of Wingstop Inc. (NASDAQ:WING) Stock

Wingstop Inc. (NASDAQ:WINGGet Rating) SVP Albert G. Mcgrath sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $159.77, for a total transaction of $239,655.00. Following the completion of the sale, the senior vice president now directly owns 2,357 shares in the company, valued at $376,577.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Wingstop Trading Up 0.2 %

Shares of Wingstop stock opened at $160.20 on Friday. The company has a fifty day simple moving average of $139.90 and a 200-day simple moving average of $112.75. Wingstop Inc. has a 12-month low of $67.67 and a 12-month high of $178.68. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 113.62, a PEG ratio of 8.85 and a beta of 1.61.

Wingstop (NASDAQ:WINGGet Rating) last issued its earnings results on Wednesday, October 26th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. Wingstop had a net margin of 13.01% and a negative return on equity of 11.46%. The business had revenue of $92.67 million during the quarter, compared to analysts’ expectations of $89.81 million. On average, analysts forecast that Wingstop Inc. will post 1.65 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, December 2nd. Investors of record on Friday, November 11th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Wednesday, November 9th. Wingstop’s dividend payout ratio is currently 53.90%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WING. Citigroup boosted their price target on shares of Wingstop from $150.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, October 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Wingstop from $117.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 11th. Stifel Nicolaus upped their target price on shares of Wingstop from $120.00 to $140.00 in a research note on Thursday, October 27th. BTIG Research upped their target price on shares of Wingstop from $145.00 to $170.00 in a research note on Thursday, October 27th. Finally, BMO Capital Markets upped their target price on shares of Wingstop from $140.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.06.

Institutional Trading of Wingstop

A number of large investors have recently bought and sold shares of WING. Comerica Bank boosted its stake in Wingstop by 2.3% during the 1st quarter. Comerica Bank now owns 14,648 shares of the restaurant operator’s stock worth $1,546,000 after purchasing an additional 323 shares during the period. Nisa Investment Advisors LLC boosted its stake in Wingstop by 100.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,125 shares of the restaurant operator’s stock worth $1,071,000 after purchasing an additional 4,565 shares during the period. Mutual of America Capital Management LLC boosted its stake in Wingstop by 2.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 27,201 shares of the restaurant operator’s stock worth $3,192,000 after purchasing an additional 526 shares during the period. Envestnet Asset Management Inc. boosted its stake in Wingstop by 7.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 46,613 shares of the restaurant operator’s stock worth $5,470,000 after purchasing an additional 3,293 shares during the period. Finally, Stephens Investment Management Group LLC boosted its stake in Wingstop by 1.3% during the 1st quarter. Stephens Investment Management Group LLC now owns 697,402 shares of the restaurant operator’s stock worth $81,840,000 after purchasing an additional 8,875 shares during the period.

About Wingstop

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Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide.

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Insider Buying and Selling by Quarter for Wingstop (NASDAQ:WING)

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