Wingstop (NASDAQ:WING) Stock: Insider Wesley Mcdonald Sells 1,520 Shares

Wingstop Inc. (NASDAQ:WING) Director Wesley Mcdonald sold 1,520 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $145.11, for a total value of $220,567.20. Following the completion of the transaction, the director owned 3,986 shares in the company, valued at $578,408.46. The trade was a 27.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Wingstop Price Performance

NASDAQ:WING traded up $13.31 during mid-day trading on Monday, reaching $163.04. The stock had a trading volume of 2,972,327 shares, compared to its average volume of 1,219,473. Wingstop Inc. has a 12 month low of $95.82 and a 12 month high of $302.80. The stock has a market capitalization of $4.41 billion, a PE ratio of 38.27, a P/E/G ratio of 1.99 and a beta of 1.81. The stock has a 50-day simple moving average of $115.09 and a two-hundred day simple moving average of $164.57.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, October 28th. The restaurant operator reported $1.08 EPS for the quarter, topping the consensus estimate of $1.02 by $0.06. The firm had revenue of $185.13 million during the quarter, compared to the consensus estimate of $192.89 million. Wingstop had a negative return on equity of 15.80% and a net margin of 16.03%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Equities analysts expect that Wingstop Inc. will post 4.19 EPS for the current year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, November 13th. Wingstop’s dividend payout ratio is presently 30.99%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WING shares. Wall Street Zen downgraded Wingstop from a “hold” rating to a “sell” rating in a report on Saturday. TD Cowen reaffirmed a “hold” rating and issued a $120.00 target price on shares of Wingstop in a report on Thursday. Wells Fargo & Company upped their target price on Wingstop from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday. Robert W. Baird dropped their target price on Wingstop from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, October 22nd. Finally, Weiss Ratings lowered Wingstop from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Wingstop has a consensus rating of “Moderate Buy” and a consensus target price of $222.43.

Institutional Investors Weigh In On Wingstop

A number of institutional investors have recently added to or reduced their stakes in WING. BlackRock Inc. bought a new stake in shares of Wingstop in the 2nd quarter valued at $481,314,000. State Street Corp lifted its position in shares of Wingstop by 2.0% during the 2nd quarter. State Street Corp now owns 863,951 shares of the restaurant operator’s stock valued at $149,751,000 after acquiring an additional 16,907 shares during the period. Hsbc Holdings PLC bought a new position in Wingstop during the second quarter worth $1,558,000. TimesSquare Capital Management LLC bought a new position in Wingstop during the second quarter worth $15,874,000. Finally, Bank of New York Mellon Corp bought a new position in Wingstop during the second quarter worth $80,456,000.

Wingstop Company Profile

Wingstop Inc is a franchised restaurant company specializing in cooked-to-order chicken wings and related menu items. Its offerings include classic and boneless wings prepared with a range of flavors, along with chicken sandwiches, tenders, fries, seasoned fries, dips, sides and beverages. The company emphasizes made-to-order food, a digital ordering experience and a menu centered on customizable chicken meals.

Founded in 1994 in Garland, Texas, Wingstop has expanded from a single restaurant into a global brand operated primarily through franchised locations.