Donnie Upshaw Sells 91 Shares of Wingstop Inc. (NASDAQ:WING) Stock

Wingstop Inc. (NASDAQ:WING) SVP Donnie Upshaw sold 91 shares of the business’s stock in a transaction on Sunday, March 2nd. The stock was sold at an average price of $234.78, for a total transaction of $21,364.98. Following the transaction, the senior vice president now directly owns 7,903 shares in the company, valued at $1,855,466.34. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Wingstop Stock Performance

Wingstop stock traded up $5.22 during trading hours on Tuesday, hitting $229.51. 929,226 shares of the stock were exchanged, compared to its average volume of 521,669. The stock has a market capitalization of $6.58 billion, a P/E ratio of 61.86, a P/E/G ratio of 2.27 and a beta of 1.81. The business’s 50-day moving average is $281.73 and its two-hundred day moving average is $334.06. Wingstop Inc. has a 12 month low of $218.21 and a 12 month high of $433.86.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 0.47%. Wingstop’s dividend payout ratio (DPR) is presently 29.11%.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WING. Barclays dropped their price objective on shares of Wingstop from $359.00 to $315.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. BMO Capital Markets lowered their price target on Wingstop from $335.00 to $300.00 and set a “market perform” rating on the stock in a research note on Thursday, February 20th. Morgan Stanley cut their price target on Wingstop from $389.00 to $375.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Benchmark decreased their price objective on Wingstop from $340.00 to $325.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, UBS Group cut their target price on Wingstop from $330.00 to $300.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $357.67.

Hedge Funds Weigh In On Wingstop

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in shares of Wingstop by 277.5% in the fourth quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator’s stock valued at $1,356,000 after buying an additional 3,507 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Wingstop in the fourth quarter worth about $10,177,000. Y Intercept Hong Kong Ltd raised its stake in shares of Wingstop by 779.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator’s stock worth $5,247,000 after acquiring an additional 16,361 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Wingstop by 475.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator’s stock worth $19,676,000 after purchasing an additional 57,193 shares in the last quarter. Finally, Conway Capital Management Inc. bought a new stake in shares of Wingstop during the third quarter valued at approximately $3,544,000.

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.