Key Points
- Wingstop director Wesley Mcdonald sold 566 shares at an average price of $250 on Feb. 23 for a total of $141,500, reducing his stake by 11.46% to 4,375 shares; the transaction was disclosed in an SEC filing.
- The company beat EPS expectations with $1.00 per share (consensus $0.84) while reporting $175.69 million in revenue (slightly below estimates), with revenue up 8.6% year-over-year and a net margin of 25.01%.
- Wingstop declared a quarterly dividend of $0.30 (annualized $1.20), with an ex-dividend date of March 6 and a yield of about 0.4% (DPR 19.42%).
Wingstop Inc. (NASDAQ:WING - Get Free Report) Director Wesley Mcdonald sold 566 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $250.00, for a total value of $141,500.00. Following the transaction, the director directly owned 4,375 shares of the company's stock, valued at $1,093,750. This trade represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Wingstop Price Performance
Shares of NASDAQ WING traded up $16.17 during mid-day trading on Thursday, hitting $270.37. The company had a trading volume of 650,472 shares, compared to its average volume of 845,940. Wingstop Inc. has a 12 month low of $204.00 and a 12 month high of $388.14. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 43.75, a PEG ratio of 2.70 and a beta of 1.80. The firm's 50 day simple moving average is $260.57 and its two-hundred day simple moving average is $265.21.
Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.16. The firm had revenue of $175.69 million for the quarter, compared to analyst estimates of $177.74 million. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. Equities analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current year.
Wingstop Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a $0.30 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.20 annualized dividend and a yield of 0.4%. Wingstop's dividend payout ratio (DPR) is currently 19.42%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in Wingstop by 59.2% during the fourth quarter. Pacer Advisors Inc. now owns 5,940 shares of the restaurant operator's stock worth $1,417,000 after acquiring an additional 2,210 shares during the period. Virtu Financial LLC acquired a new position in shares of Wingstop in the 4th quarter worth approximately $603,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Wingstop in the 4th quarter worth approximately $63,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Wingstop by 6.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,173,613 shares of the restaurant operator's stock worth $279,895,000 after purchasing an additional 70,224 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its stake in Wingstop by 30.5% during the fourth quarter. Corient Private Wealth LLC now owns 2,180 shares of the restaurant operator's stock valued at $520,000 after purchasing an additional 509 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on WING shares. BMO Capital Markets dropped their price target 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. Benchmark reissued a "buy" rating on shares of Wingstop in a report on Thursday, February 19th. Mizuho lowered their target price on Wingstop from $320.00 to $310.00 and set an "outperform" rating on the stock in a research report on Friday, January 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Wingstop in a research report on Monday, December 29th. Finally, Stifel Nicolaus increased their price target on Wingstop from $290.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $336.07.
Read Our Latest Stock Report on WING
Wingstop Company Profile
(
Get Free Report)
Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.
The company's core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.
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