Key Points
- Director Kilandigalu Madati sold 2,700 shares at an average price of $260.73 on Feb. 25 for about $703,971, cutting his stake by 51.11% to 2,583 shares (≈$673,466).
- Wingstop declared a quarterly dividend of $0.30 per share (annualized $1.20), payable Mar. 27 to holders of record Mar. 6, implying a roughly 0.5% yield.
- Quarterly results topped EPS estimates with $1.00 EPS vs. $0.84 expected and $175.69M revenue (up 8.6% YoY), while analysts hold a "Moderate Buy" consensus and a $336.07 average price target.
Wingstop Inc. (NASDAQ:WING - Get Free Report) Director Kilandigalu Madati sold 2,700 shares of the firm's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total transaction of $703,971.00. Following the sale, the director owned 2,583 shares in the company, valued at approximately $673,465.59. This represents a 51.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Wingstop Price Performance
Shares of WING stock opened at $259.51 on Friday. The stock has a 50 day simple moving average of $260.93 and a 200-day simple moving average of $264.78. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 2.97 and a beta of 1.80. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $388.14.
Wingstop (NASDAQ:WING - Get Free Report) last released its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.16. Wingstop had a net margin of 25.01% and a negative return on equity of 16.12%. The business had revenue of $175.69 million during the quarter, compared to analysts' expectations of $177.74 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. Analysts anticipate that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.
Wingstop Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, March 6th. Wingstop's dividend payout ratio (DPR) is currently 19.42%.
Hedge Funds Weigh In On Wingstop
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its stake in Wingstop by 1,650.0% during the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 99 shares during the period. SBI Securities Co. Ltd. grew its holdings in shares of Wingstop by 76.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator's stock valued at $33,000 after purchasing an additional 60 shares in the last quarter. Rakuten Securities Inc. increased its stake in Wingstop by 197.9% during the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator's stock worth $34,000 after buying an additional 95 shares during the period. Quaker Wealth Management LLC increased its stake in Wingstop by 134.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator's stock worth $35,000 after buying an additional 408 shares during the period. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in Wingstop by 54.3% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator's stock worth $36,000 after buying an additional 50 shares in the last quarter.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Stifel Nicolaus upped their target price on Wingstop from $290.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, February 19th. Barclays dropped their price objective on shares of Wingstop from $335.00 to $330.00 and set an "overweight" rating for the company in a report on Thursday, February 19th. Royal Bank Of Canada reduced their target price on shares of Wingstop from $350.00 to $340.00 and set an "outperform" rating on the stock in a research note on Thursday, February 19th. Stephens reiterated an "overweight" rating and issued a $375.00 target price on shares of Wingstop in a report on Thursday, February 19th. Finally, Melius Research set a $350.00 price target on shares of Wingstop in a report on Tuesday, January 20th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $336.07.
View Our Latest Report on WING
About Wingstop
(
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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