Insider Selling: Wingstop (NASDAQ:WING) Director Sells $703,971.00 in Stock

Wingstop Inc. (NASDAQ:WING) Director Kilandigalu Madati sold 2,700 shares of Wingstop stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total transaction of $703,971.00. Following the transaction, the director owned 2,583 shares of the company’s stock, valued at $673,465.59. This represents a 51.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wingstop Price Performance

WING opened at $259.51 on Monday. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $388.14. The firm has a market capitalization of $7.13 billion, a PE ratio of 41.99, a P/E/G ratio of 2.84 and a beta of 1.82. The company’s 50-day moving average is $260.93 and its 200 day moving average is $263.68.

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

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, March 6th. Wingstop’s dividend payout ratio is presently 19.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC boosted its stake in Wingstop by 1,650.0% in the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after buying an additional 99 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Wingstop by 76.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 60 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Wingstop by 197.9% in the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 95 shares during the last quarter. Quaker Wealth Management LLC boosted its stake in shares of Wingstop by 134.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 408 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its stake 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 purchasing an additional 50 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Citigroup lifted their price objective on shares of Wingstop from $267.00 to $286.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Stifel Nicolaus boosted their price target on shares of Wingstop from $290.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Wednesday, November 5th. Benchmark reissued a “buy” rating on shares of Wingstop in a research report on Thursday, February 19th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $285.00 target price on shares of Wingstop in a report on Wednesday, February 18th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $336.07.

About Wingstop

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.