Wingstop Inc. (NASDAQ:WING) insider Lawrence Kruguer sold 10,526 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $33.67, for a total value of $354,410.42. Following the sale, the insider now directly owns 22,116 shares of the company’s stock, valued at $744,645.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Wingstop Inc. (NASDAQ:WING) traded up 0.47% on Monday, reaching $33.94. The company’s stock had a trading volume of 278,851 shares. The firm has a market capitalization of $986.70 million, a P/E ratio of 52.95 and a beta of 0.58. Wingstop Inc. has a 52-week low of $24.74 and a 52-week high of $35.91. The firm has a 50-day moving average price of $33.37 and a 200 day moving average price of $30.31.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Sunday, September 3rd will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. Wingstop’s dividend payout ratio (DPR) is presently 10.94%.

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Several brokerages recently weighed in on WING. Cowen and Company reaffirmed an “outperform” rating and set a $37.00 price target on shares of Wingstop in a report on Saturday. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research raised Wingstop from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Barclays PLC reaffirmed an “equal weight” rating and set a $34.00 price target (up from $32.00) on shares of Wingstop in a report on Friday, August 4th. Finally, Wedbush increased their price target on Wingstop from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Wingstop presently has a consensus rating of “Buy” and an average target price of $34.25.

A number of hedge funds have recently made changes to their positions in WING. BlackRock Inc. lifted its holdings in shares of Wingstop by 200,013.0% in the first quarter. BlackRock Inc. now owns 3,473,961 shares of the restaurant operator’s stock valued at $98,242,000 after buying an additional 3,472,225 shares during the period. Wellington Management Group LLP lifted 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 buying an additional 533,086 shares during the period. Goldman Sachs Group Inc. lifted 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 buying an additional 523,811 shares during the period. Cortina Asset Management LLC acquired a new stake in shares of Wingstop in the first quarter valued at $13,430,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Wingstop in the second quarter valued at $11,947,000.

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.

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

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