Key Points
- Director Kilandigalu Madati sold 269 shares at an average price of $259.97 for a total of $69,931.93, reducing their stake by 4.85% to 5,283 shares (filed with the SEC).
- Wingstop reported quarterly EPS of $1.09 (vs. $0.91 expected) but missed revenue at $175.7M (vs. $189.1M); the company announced a quarterly $0.30 dividend payable Dec. 12 (0.5% yield, ex-dividend Nov. 21).
- The stock traded near $259 with a $7.2B market cap and a P/E of 42.2; analysts hold a consensus "Moderate Buy" with an average target of $335.96 amid several recent target reductions, while large institutions have materially increased positions.
Wingstop Inc. (NASDAQ:WING - Get Free Report) Director Kilandigalu Madati sold 269 shares of the firm's stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $259.97, for a total transaction of $69,931.93. Following the transaction, the director directly owned 5,283 shares in the company, valued at approximately $1,373,421.51. The trade was a 4.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Wingstop Price Performance
Shares of WING stock traded down $3.89 on Thursday, hitting $259.08. The company's stock had a trading volume of 521,057 shares, compared to its average volume of 1,175,128. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 42.20, a P/E/G ratio of 3.63 and a beta of 1.73. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $388.14. The firm's fifty day moving average price is $246.56 and its 200-day moving average price is $300.16.
Wingstop (NASDAQ:WING - Get Free Report) last posted its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.18. The company had revenue of $175.74 million for the quarter, compared to analyst estimates of $189.10 million. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.The business's revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. Analysts predict that Wingstop Inc. will post 4.18 EPS for the current fiscal year.
Wingstop Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. Wingstop's payout ratio is 19.54%.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Benchmark reduced their price target on shares of Wingstop from $340.00 to $320.00 and set a "buy" rating for the company in a report on Wednesday, November 5th. Barclays reduced their target price on shares of Wingstop from $330.00 to $295.00 and set an "overweight" rating for the company in a research note on Wednesday, November 5th. Stephens reaffirmed an "overweight" rating and issued a $375.00 price target on shares of Wingstop in a report on Tuesday, November 4th. Truist Financial decreased their price objective on Wingstop from $400.00 to $365.00 and set a "buy" rating on the stock in a report on Wednesday, November 5th. Finally, BMO Capital Markets lowered their target price on shares of Wingstop from $345.00 to $280.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $335.96.
Read Our Latest Research Report on Wingstop
Institutional Trading of Wingstop
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lone Pine Capital LLC bought a new stake in shares of Wingstop during the third quarter worth approximately $375,317,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Wingstop during the first quarter worth $212,672,000. Steadfast Capital Management LP lifted its stake in Wingstop by 296.2% in the third quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator's stock valued at $239,227,000 after buying an additional 710,621 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Wingstop by 43.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator's stock worth $371,517,000 after buying an additional 496,717 shares during the last quarter. Finally, Capital World Investors grew its position in shares of Wingstop by 160.6% during the 3rd quarter. Capital World Investors now owns 740,896 shares of the restaurant operator's stock worth $186,469,000 after buying an additional 456,637 shares during the period.
Wingstop Company Profile
(
Get Free Report)
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.
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