Wingstop Inc. (NASDAQ:WING) insider Lawrence Kruguer sold 10,526 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $33.67, for a total transaction of $354,410.42. Following the completion of the transaction, the insider now owns 22,116 shares in the company, valued at $744,645.72. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of Wingstop Inc. (WING) opened at 33.94 on Tuesday. The stock has a 50 day moving average of $33.46 and a 200 day moving average of $32.39. Wingstop Inc. has a 12 month low of $24.74 and a 12 month high of $34.19. The stock has a market cap of $986.70 million, a PE ratio of 52.95 and a beta of 0.58.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $24.61 million. Wingstop had a net margin of 19.28% and a negative return on equity of 28.04%. During the same quarter in the previous year, the business posted $0.15 earnings per share. On average, equities analysts anticipate that Wingstop Inc. will post $0.73 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Sunday, September 3rd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Wednesday, August 30th. Wingstop’s dividend payout ratio (DPR) is currently 10.94%.

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A number of brokerages have commented on WING. Cowen and Company restated an “outperform” rating and issued a $37.00 target price on shares of Wingstop in a research note on Wednesday, August 9th. Wedbush upped their price target on shares of Wingstop from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. BidaskClub raised shares of Wingstop from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Wingstop from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $34.00 price target (up previously from $32.00) on shares of Wingstop in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.25.

Several hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in shares of Wingstop by 15.6% in the first quarter. Wellington Management Group LLP now owns 3,955,238 shares of the restaurant operator’s stock valued at $111,855,000 after purchasing an additional 533,086 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Wingstop by 1.2% in the second quarter. BlackRock Inc. now owns 3,515,978 shares of the restaurant operator’s stock valued at $108,645,000 after purchasing an additional 42,017 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Wingstop by 0.7% in the second quarter. Vanguard Group Inc. now owns 2,433,708 shares of the restaurant operator’s stock valued at $75,200,000 after purchasing an additional 16,622 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Wingstop by 56.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock valued at $44,921,000 after purchasing an additional 523,811 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Wingstop by 20.2% in the first quarter. Stephens Investment Management Group LLC now owns 1,366,966 shares of the restaurant operator’s stock valued at $38,658,000 after purchasing an additional 229,784 shares in the last quarter.

About Wingstop

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.

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

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