Wingstop Inc (NASDAQ:WING) insider Madison Jobe sold 560 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $44.03, for a total value of $24,656.80. Following the transaction, the insider now directly owns 1,926 shares of the company’s stock, valued at approximately $84,801.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Wingstop Inc (NASDAQ:WING) traded down $2.40 during trading hours on Friday, hitting $44.38. The stock had a trading volume of 3,781,444 shares, compared to its average volume of 657,028. Wingstop Inc has a 1 year low of $24.74 and a 1 year high of $49.69. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $1,330.51, a P/E ratio of 61.64, a PEG ratio of 2.86 and a beta of 1.01.
Wingstop (NASDAQ:WING) last released its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The company had revenue of $28.29 million during the quarter, compared to the consensus estimate of $27.49 million. During the same period last year, the company earned $0.15 EPS. Wingstop’s revenue for the quarter was up 14.1% on a year-over-year basis. analysts expect that Wingstop Inc will post 0.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.07 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.28 annualized dividend and a yield of 0.63%. Wingstop’s payout ratio is 19.44%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Turner Investments LLC bought a new stake in Wingstop in the 3rd quarter worth about $150,000. Piedmont Investment Advisors LLC bought a new stake in Wingstop in the 3rd quarter worth about $210,000. First Mercantile Trust Co. bought a new stake in Wingstop in the 4th quarter worth about $223,000. Fortaleza Asset Management Inc. increased its holdings in Wingstop by 71.0% in the 4th quarter. Fortaleza Asset Management Inc. now owns 5,960 shares of the restaurant operator’s stock worth $232,000 after buying an additional 2,475 shares in the last quarter. Finally, Meadow Creek Investment Management LLC increased its holdings in Wingstop by 25.7% in the 4th quarter. Meadow Creek Investment Management LLC now owns 5,984 shares of the restaurant operator’s stock worth $233,000 after buying an additional 1,224 shares in the last quarter.
Several equities analysts have recently weighed in on the company. Stifel Nicolaus upgraded Wingstop from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $40.00 in a report on Friday, November 3rd. BidaskClub upgraded Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Robert W. Baird restated a “buy” rating and set a $44.00 price target (up from $30.00) on shares of Wingstop in a report on Monday, December 4th. Goldman Sachs Group restated a “buy” rating and set a $41.00 price target on shares of Wingstop in a report on Wednesday, November 29th. Finally, Cowen restated a “buy” rating and set a $41.00 price target on shares of Wingstop in a report on Friday, November 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $45.42.
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Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
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