Wingstop Inc. (WING) Insider Stacy Peterson Sells 11,557 Shares
Wingstop Inc. (NASDAQ:WING) insider Stacy Peterson sold 11,557 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $34.60, for a total transaction of $399,872.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Wingstop Inc. (NASDAQ:WING) traded down 4.28% during trading on Monday, reaching $32.64. 794,823 shares of the company’s stock traded hands. The firm has a market capitalization of $948.91 million, a PE ratio of 50.92 and a beta of 0.60. The company has a 50-day moving average price of $32.12 and a 200 day moving average price of $29.64. Wingstop Inc. has a one year low of $24.74 and a one year high of $35.91.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $24.70 million during the quarter, compared to the consensus estimate of $24.61 million. Wingstop had a negative return on equity of 28.04% and a net margin of 19.28%. During the same quarter in the previous year, the company posted $0.15 EPS. On average, analysts anticipate that Wingstop Inc. will post $0.73 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Sunday, September 3rd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Wednesday, August 30th.
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Several research firms recently weighed in on WING. Cowen and Company reaffirmed an “outperform” rating and set a $37.00 target price on shares of Wingstop in a research note on Wednesday, August 9th. Wedbush raised their target price on shares of Wingstop from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. BidaskClub raised shares of Wingstop from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Wingstop from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $34.00 target price (up from $32.00) on shares of Wingstop in a research note on Friday, August 4th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $34.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. purchased a new position in Wingstop during the second quarter valued at about $108,000. Riverhead Capital Management LLC increased its position in Wingstop by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock valued at $108,000 after buying an additional 1,396 shares during the period. Pinebridge Investments L.P. increased its position in Wingstop by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock valued at $118,000 after buying an additional 52 shares during the period. LS Investment Advisors LLC increased its position in Wingstop by 291.0% in the first quarter. LS Investment Advisors LLC now owns 4,321 shares of the restaurant operator’s stock valued at $122,000 after buying an additional 3,216 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Wingstop by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 5,720 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 2,530 shares during the period.
Wingstop Company Profile
Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
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