Wingstop Inc. (NASDAQ:WING) SVP Raj Kapoor Sells 266 Shares

Wingstop Inc. (NASDAQ:WING) SVP Raj Kapoor sold 266 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $324.38, for a total value of $86,285.08. Following the transaction, the senior vice president now owns 266 shares of the company’s stock, valued at approximately $86,285.08. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Wingstop Stock Down 6.7 %

Shares of NASDAQ:WING opened at $301.33 on Friday. The company’s 50-day moving average price is $344.52 and its 200 day moving average price is $376.66. The company has a market cap of $8.80 billion, a PE ratio of 87.85, a P/E/G ratio of 3.01 and a beta of 1.78. Wingstop Inc. has a fifty-two week low of $240.60 and a fifty-two week high of $433.86.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The business had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same period in the previous year, the company posted $0.69 EPS. The company’s revenue for the quarter was up 38.8% compared to the same quarter last year. As a group, equities analysts anticipate that Wingstop Inc. will post 3.67 EPS for the current year.

Wingstop announced that its Board of Directors has approved a stock buyback program on Thursday, December 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the restaurant operator to buy up to 5.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Friday, November 15th. Wingstop’s dividend payout ratio (DPR) is presently 31.49%.

Institutional Investors Weigh In On Wingstop

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WING. Hollencrest Capital Management acquired a new position in shares of Wingstop during the 2nd quarter valued at $27,000. Ashton Thomas Private Wealth LLC acquired a new position in Wingstop during the second quarter worth about $34,000. True Wealth Design LLC acquired a new position in Wingstop during the third quarter worth about $36,000. V Square Quantitative Management LLC raised its position in Wingstop by 60.6% in the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 40 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Wingstop by 384.6% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after acquiring an additional 100 shares during the last quarter.

Wall Street Analyst Weigh In

WING has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Piper Sandler reduced their price target on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a report on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and set a $390.00 target price on shares of Wingstop in a report on Tuesday, November 5th. Finally, Stephens reiterated an “overweight” rating and issued a $468.00 target price on shares of Wingstop in a research report on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $368.74.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.