Wingstop Inc (NASDAQ:WING) Director Michael J. Hislop Sells 5,000 Shares

Wingstop Inc (NASDAQ:WING) Director Michael J. Hislop sold 5,000 shares of Wingstop stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $93.74, for a total transaction of $468,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael J. Hislop also recently made the following trade(s):

  • On Monday, June 10th, Michael J. Hislop sold 5,000 shares of Wingstop stock. The shares were sold at an average price of $89.05, for a total transaction of $445,250.00.

WING traded up $2.49 during trading on Tuesday, hitting $94.35. The stock had a trading volume of 333,938 shares, compared to its average volume of 504,924. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 112.32, a P/E/G ratio of 6.48 and a beta of 0.84. Wingstop Inc has a twelve month low of $56.95 and a twelve month high of $99.76. The business has a 50-day moving average of $94.35.

Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, August 1st. The restaurant operator reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $48.56 million for the quarter, compared to analyst estimates of $47.53 million. Wingstop had a net margin of 11.54% and a negative return on equity of 11.09%. The business’s revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. Sell-side analysts forecast that Wingstop Inc will post 0.73 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.11 per share. This is a positive change from Wingstop’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, August 29th. Wingstop’s payout ratio is presently 42.86%.

Several brokerages have issued reports on WING. Goldman Sachs Group began coverage on shares of Wingstop in a research note on Monday, July 29th. They issued a “buy” rating and a $135.00 price objective on the stock. Zacks Investment Research cut shares of Wingstop from a “buy” rating to a “hold” rating in a research note on Saturday. Northcoast Research began coverage on shares of Wingstop in a research note on Tuesday, July 30th. They issued a “sell” rating on the stock. Wells Fargo & Co boosted their price objective on shares of Wingstop from $85.00 to $111.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Finally, Stephens cut shares of Wingstop from an “overweight” rating to an “equal weight” rating and set a $93.00 price objective on the stock. in a research note on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $89.93.

Hedge funds and other institutional investors have recently modified their holdings of the business. Manchester Capital Management LLC purchased a new stake in shares of Wingstop during the 1st quarter worth $40,000. First Mercantile Trust Co. purchased a new stake in shares of Wingstop during the 1st quarter worth $209,000. Miles Capital Inc. purchased a new stake in shares of Wingstop during the 1st quarter worth $216,000. Magnus Financial Group LLC purchased a new stake in shares of Wingstop during the 1st quarter worth $221,000. Finally, GWM Advisors LLC boosted its position in shares of Wingstop by 4.1% during the 2nd quarter. GWM Advisors LLC now owns 2,935 shares of the restaurant operator’s stock worth $278,000 after purchasing an additional 116 shares in the last quarter.

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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