Wingstop Inc. (NASDAQ:WING) SVP Sells $86,285.08 in Stock

Wingstop Inc. (NASDAQ:WING) SVP Raj Kapoor sold 266 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $324.38, for a total transaction of $86,285.08. Following the completion of the sale, the senior vice president now directly owns 266 shares of the company’s stock, valued at approximately $86,285.08. This trade represents a 50.00 % 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 link.

Wingstop Stock Down 6.7 %

WING stock opened at $301.33 on Monday. The stock has a market capitalization of $8.80 billion, a PE ratio of 87.85, a price-to-earnings-growth ratio of 2.81 and a beta of 1.78. Wingstop Inc. has a 52 week low of $240.60 and a 52 week high of $433.86. The firm has a 50 day moving average of $344.52 and a 200 day moving average of $376.49.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The company had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 38.8% on a year-over-year basis. On average, equities research analysts expect that Wingstop Inc. will post 3.67 earnings per share for the current year.

Wingstop declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the restaurant operator to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.36%. Wingstop’s payout ratio is presently 31.49%.

Analysts Set New Price Targets

Several analysts have recently weighed in on WING shares. Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target for the company in a research note on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and set a $390.00 target price on shares of Wingstop in a research report on Tuesday, November 5th. Benchmark raised Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target on the stock in a research report on Thursday, October 31st. Barclays lowered their price objective on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Citigroup raised their target price on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $368.74.

Institutional Investors Weigh In On Wingstop

Institutional investors and hedge funds have recently modified their holdings of the company. Fulton Bank N.A. raised its position in Wingstop by 5.0% during the 3rd quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator’s stock worth $228,000 after buying an additional 26 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Wingstop by 3.7% in the second quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator’s stock worth $347,000 after acquiring an additional 29 shares during the period. Dark Forest Capital Management LP raised its holdings in shares of Wingstop by 4.3% during the second quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator’s stock worth $318,000 after purchasing an additional 31 shares during the last quarter. Hollencrest Capital Management lifted its position in Wingstop by 53.8% during the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 35 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in Wingstop by 0.3% in the third quarter. Public Employees Retirement System of Ohio now owns 11,523 shares of the restaurant operator’s stock valued at $4,794,000 after purchasing an additional 35 shares during the last quarter.

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.