Madison Jobe Sells 2,823 Shares of Wingstop Inc (WING) Stock

Wingstop Inc (NASDAQ:WING) insider Madison Jobe sold 2,823 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $77.98, for a total transaction of $220,137.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ WING opened at $79.26 on Friday. Wingstop Inc has a 1 year low of $47.83 and a 1 year high of $79.92. The company has a market cap of $2.30 billion, a P/E ratio of 94.36, a PEG ratio of 5.42 and a beta of 0.85.

Wingstop (NASDAQ:WING) last announced its earnings results on Tuesday, May 7th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. Wingstop had a net margin of 13.52% and a negative return on equity of 13.31%. The firm had revenue of $48.05 million for the quarter, compared to analyst estimates of $45.68 million. During the same quarter last year, the business earned $0.25 earnings per share. Wingstop’s revenue was up 28.5% compared to the same quarter last year. Analysts forecast that Wingstop Inc will post 0.74 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.36 dividend on an annualized basis and a yield of 0.45%. Wingstop’s dividend payout ratio (DPR) is currently 42.86%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Wingstop by 1.9% during the fourth quarter. BlackRock Inc. now owns 4,221,568 shares of the restaurant operator’s stock worth $270,985,000 after acquiring an additional 78,511 shares during the last quarter. Vanguard Group Inc. boosted its position in Wingstop by 2.8% during the third quarter. Vanguard Group Inc. now owns 2,893,632 shares of the restaurant operator’s stock worth $197,548,000 after acquiring an additional 77,875 shares during the last quarter. Renaissance Technologies LLC boosted its position in Wingstop by 52.6% during the first quarter. Renaissance Technologies LLC now owns 1,065,900 shares of the restaurant operator’s stock worth $81,040,000 after acquiring an additional 367,200 shares during the last quarter. Federated Investors Inc. PA boosted its position in Wingstop by 2.6% during the third quarter. Federated Investors Inc. PA now owns 898,551 shares of the restaurant operator’s stock worth $61,344,000 after acquiring an additional 22,451 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Wingstop by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 830,342 shares of the restaurant operator’s stock worth $63,130,000 after acquiring an additional 2,322 shares during the last quarter.

A number of research analysts have issued reports on WING shares. Guggenheim cut shares of Wingstop from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a report on Tuesday, April 2nd. BidaskClub cut shares of Wingstop from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 30th. Piper Jaffray Companies started coverage on shares of Wingstop in a report on Monday. They issued an “overweight” rating and a $88.00 target price for the company. BMO Capital Markets started coverage on shares of Wingstop in a report on Tuesday, March 26th. They issued an “outperform” rating and a $71.76 target price for the company. Finally, Wedbush dropped their target price on shares of Wingstop from $74.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $70.99.

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Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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

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