Insider Selling: Wingstop Inc. (NASDAQ:WING) EVP Sells 6,427 Shares of Stock

Wingstop Inc. (NASDAQ:WINGGet Rating) EVP Stacy Peterson sold 6,427 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $160.25, for a total transaction of $1,029,926.75. Following the completion of the sale, the executive vice president now directly owns 2,004 shares in the company, valued at approximately $321,141. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wingstop Stock Performance

NASDAQ:WING opened at $160.20 on Friday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 113.62, a price-to-earnings-growth ratio of 8.83 and a beta of 1.61. Wingstop Inc. has a 52 week low of $67.67 and a 52 week high of $178.68. The firm has a 50-day moving average price of $139.90 and a two-hundred day moving average price of $112.75.

Wingstop (NASDAQ:WINGGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The restaurant operator reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $92.67 million during the quarter, compared to the consensus estimate of $89.81 million. Wingstop had a net margin of 13.01% and a negative return on equity of 11.46%. As a group, sell-side analysts forecast that Wingstop Inc. will post 1.65 earnings per share for the current year.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, November 9th. Wingstop’s payout ratio is 53.90%.

Analysts Set New Price Targets

Several analysts recently weighed in on WING shares. BTIG Research boosted their price objective on shares of Wingstop from $145.00 to $170.00 in a research note on Thursday, October 27th. Stephens upped their price target on shares of Wingstop from $148.00 to $173.00 and gave the company an “overweight” rating in a research report on Wednesday, October 26th. BMO Capital Markets upped their price target on shares of Wingstop from $140.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, October 27th. Cowen upped their price target on shares of Wingstop from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, October 27th. Finally, Truist Financial upped their price target on shares of Wingstop from $125.00 to $132.00 in a research report on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.06.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in shares of Wingstop by 39.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 79 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Wingstop by 11.9% during the 2nd quarter. Fifth Third Bancorp now owns 838 shares of the restaurant operator’s stock valued at $63,000 after buying an additional 89 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Wingstop by 12.9% during the 2nd quarter. Lindbrook Capital LLC now owns 807 shares of the restaurant operator’s stock valued at $60,000 after buying an additional 92 shares in the last quarter. Congress Asset Management Co. MA raised its position in shares of Wingstop by 1.0% during the 3rd quarter. Congress Asset Management Co. MA now owns 9,984 shares of the restaurant operator’s stock valued at $1,252,000 after buying an additional 94 shares in the last quarter. Finally, Securian Asset Management Inc. raised its position in Wingstop by 3.7% in the 3rd quarter. Securian Asset Management Inc. now owns 2,768 shares of the restaurant operator’s stock worth $347,000 after purchasing an additional 100 shares during the period.

Wingstop Company Profile

(Get Rating)

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide.

Further Reading

Insider Buying and Selling by Quarter for Wingstop (NASDAQ:WING)

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