Wingstop Inc (NASDAQ:WING) insider Madison Jobe sold 469 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $48.22, for a total value of $22,615.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Madison Jobe also recently made the following trade(s):
- On Tuesday, February 20th, Madison Jobe sold 560 shares of Wingstop stock. The shares were sold at an average price of $44.03, for a total value of $24,656.80.
Wingstop Inc (NASDAQ:WING) traded up $0.63 on Wednesday, hitting $48.85. The stock had a trading volume of 363,479 shares, compared to its average volume of 739,409. Wingstop Inc has a 12 month low of $25.43 and a 12 month high of $49.69. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of -2.69. The firm has a market capitalization of $1,420.00 and a P/E ratio of 66.01.
Wingstop (NASDAQ:WING) last posted its earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. Wingstop had a negative return on equity of 37.25% and a net margin of 25.87%. The company had revenue of $28.29 million during the quarter, compared to the consensus estimate of $27.49 million. During the same quarter last year, the firm earned $0.15 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. sell-side analysts expect that Wingstop Inc will post 0.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, March 8th. Wingstop’s dividend payout ratio is currently 28.38%.
Several institutional investors and hedge funds have recently bought and sold shares of WING. Turner Investments LLC acquired a new stake in shares of Wingstop during the third quarter worth $150,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Wingstop during the third quarter worth $210,000. First Mercantile Trust Co. acquired a new stake in shares of Wingstop during the fourth quarter worth $223,000. Fortaleza Asset Management Inc. lifted its holdings in shares of Wingstop by 71.0% during the fourth 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 lifted its holdings in shares of Wingstop by 25.7% during the fourth 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 research analysts have issued reports on WING shares. Barclays reaffirmed an “equal weight” rating and set a $44.00 price target (up previously from $36.00) on shares of Wingstop in a report on Tuesday, January 16th. Goldman Sachs Group reaffirmed a “buy” rating and set a $41.00 price target on shares of Wingstop in a report on Wednesday, November 29th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $52.00 price target (up previously from $37.00) on shares of Wingstop in a report on Tuesday, January 23rd. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Jefferies Group downgraded Wingstop from a “hold” rating to an “underperform” rating and raised their price target for the company from $29.00 to $34.00 in a report on Saturday, December 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.42.
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Wingstop Company Profile
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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