Key Points
- Wingstop COO Raj Kapoor sold 2,500 shares at an average price of $163.61, generating $409,025 and reducing his ownership by 60.11% to 1,659 shares.
- Wingstop’s latest quarterly results beat EPS expectations, reporting $1.08 per share versus the $1.02 consensus, while revenue rose 5.4% year over year to $185.13 million but fell short of estimates.
- Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $222.43 target price, although some firms recently downgraded the stock and issued targets between $120 and $160.
Wingstop Inc. (NASDAQ:WING - Get Free Report) Director Wesley Mcdonald sold 1,520 shares of Wingstop stock in a transaction on Friday, October 30th. The shares were sold at an average price of $145.11, for a total value of $220,567.20. Following the sale, the director directly owned 3,986 shares of the company's stock, valued at approximately $578,408.46. The trade was a 27.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Wingstop Price Performance
Shares of NASDAQ WING opened at $163.04 on Tuesday. The business's 50-day moving average price is $116.05 and its two-hundred day moving average price is $164.01. Wingstop Inc. has a one year low of $95.82 and a one year high of $302.80. The company has a market capitalization of $4.44 billion, a P/E ratio of 38.27, a price-to-earnings-growth ratio of 1.64 and a beta of 1.81.
Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.06. The firm had revenue of $185.13 million for the quarter, compared to analyst estimates of $192.89 million. Wingstop had a net margin of 16.03% and a negative return on equity of 15.80%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. On average, equities analysts anticipate that Wingstop Inc. will post 4.19 EPS for the current year.
Wingstop Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.8%. Wingstop's dividend payout ratio (DPR) is currently 30.99%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in WING. BlackRock Inc. acquired a new position in shares of Wingstop during the second quarter worth approximately $481,314,000. Darsana Capital Partners LP grew its stake in shares of Wingstop by 20.0% during the second quarter. Darsana Capital Partners LP now owns 1,500,000 shares of the restaurant operator's stock worth $260,115,000 after purchasing an additional 250,000 shares during the period. Alyeska Investment Group L.P. grew its position in shares of Wingstop by 44.5% during the 2nd quarter. Alyeska Investment Group L.P. now owns 942,943 shares of the restaurant operator's stock worth $163,516,000 after buying an additional 290,501 shares during the period. State Street Corp grew its holdings in Wingstop by 2.0% during the second quarter. State Street Corp now owns 863,951 shares of the restaurant operator's stock valued at $149,751,000 after purchasing an additional 16,907 shares during the period. Finally, Jupiter Topco LLC bought a new stake in shares of Wingstop in the 2nd quarter valued at $147,440,000.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Wingstop from $165.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday, October 29th. BMO Capital Markets reiterated a "market perform" rating and issued a $160.00 target price on shares of Wingstop in a research note on Thursday. Sanford C. Bernstein downgraded Wingstop from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $220.00 to $155.00 in a research report on Monday, August 3rd. Piper Sandler set a $173.00 price target on Wingstop in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada raised their price objective on Wingstop from $150.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Wingstop has an average rating of "Moderate Buy" and a consensus target price of $222.43.
View Our Latest Research Report on Wingstop
Wingstop Company Profile
(
Get Free Report)
Wingstop Inc is a franchised restaurant company specializing in cooked-to-order chicken wings and related menu items. Its offerings include classic and boneless wings prepared with a range of flavors, along with chicken sandwiches, tenders, fries, seasoned fries, dips, sides and beverages. The company emphasizes made-to-order food, a digital ordering experience and a menu centered on customizable chicken meals.
Founded in 1994 in Garland, Texas, Wingstop has expanded from a single restaurant into a global brand operated primarily through franchised locations.
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