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

Wingstop Inc. (NASDAQ:WING) SVP Raj Kapoor sold 266 shares of the firm’s 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 completion of the transaction, the senior vice president now directly owns 266 shares in the company, valued at $86,285.08. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Wingstop Trading Down 6.7 %

Shares of NASDAQ WING opened at $301.33 on Friday. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 87.85, a PEG ratio of 2.81 and a beta of 1.78. Wingstop Inc. has a one year low of $240.60 and a one year high of $433.86. The business has a fifty day simple moving average of $344.52 and a 200 day simple moving average of $376.56.

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

Wingstop announced that its board has authorized a stock repurchase plan on Thursday, December 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Friday, November 15th. Wingstop’s dividend payout ratio is 31.49%.

Analyst Upgrades and Downgrades

WING has been the topic of a number of recent analyst reports. Citigroup lifted their price target on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Northcoast Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 target price on the stock in a report on Friday, November 1st. BTIG Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price for the company in a research report on Thursday, October 31st. Stephens reaffirmed an “overweight” rating and issued a $468.00 price target on shares of Wingstop in a research report on Monday, December 9th. Finally, Wedbush reiterated an “outperform” rating and issued a $390.00 price objective on shares of Wingstop in a research note on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.74.

Hedge Funds Weigh In On Wingstop

A number of hedge funds have recently modified their holdings of WING. Millennium Management LLC boosted its stake in Wingstop by 284.1% in the 2nd quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator’s stock valued at $161,957,000 after buying an additional 283,412 shares in the last quarter. FMR LLC lifted its holdings in shares of Wingstop by 984.7% during the third quarter. FMR LLC now owns 217,946 shares of the restaurant operator’s stock valued at $90,683,000 after acquiring an additional 197,853 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Wingstop by 36.6% in the 2nd quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock valued at $254,860,000 after purchasing an additional 161,600 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Wingstop by 392.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 184,068 shares of the restaurant operator’s stock worth $76,587,000 after purchasing an additional 146,692 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in shares of Wingstop by 40.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator’s stock worth $193,630,000 after purchasing an additional 134,802 shares during the last quarter.

About Wingstop

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.