Wingstop Inc. (WING) Insider Sells $354,410.42 in Stock
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%.
ILLEGAL ACTIVITY WARNING: “Wingstop Inc. (WING) Insider Sells $354,410.42 in Stock” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/09/18/wingstop-inc-wing-insider-sells-354410-42-in-stock.html.
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.
Receive News & Ratings for Wingstop Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop Inc. and related companies with MarketBeat.com's FREE daily email newsletter.