Wingstop (WING) Insider Sells $54,742.80 in Stock

Wingstop (NASDAQ:WING) insider Lawrence Kruguer sold 1,064 shares of the stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $51.45, for a total transaction of $54,742.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Lawrence Kruguer also recently made the following trade(s):

  • On Tuesday, May 8th, Lawrence Kruguer sold 2,808 shares of Wingstop stock. The stock was sold at an average price of $54.37, for a total transaction of $152,670.96.

Shares of WING traded up $0.05 during midday trading on Friday, reaching $51.83. The stock had a trading volume of 454,904 shares, compared to its average volume of 615,026. Wingstop has a 1-year low of $28.28 and a 1-year high of $55.85. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 70.04, a PEG ratio of 3.27 and a beta of 0.90. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of -1.49.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Thursday, May 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. Wingstop had a net margin of 23.15% and a negative return on equity of 28.86%. The business had revenue of $37.40 million for the quarter, compared to analyst estimates of $36.34 million. During the same period last year, the business earned $0.22 EPS. The company’s revenue was up 12.0% on a year-over-year basis. analysts predict that Wingstop will post 0.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Monday, June 4th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, June 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.54%. Wingstop’s payout ratio is 28.38%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. CIBC World Markets Inc. acquired a new stake in shares of Wingstop in the 1st quarter valued at $524,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Wingstop in the 1st quarter valued at $238,000. Royal Bank of Canada raised its holdings in shares of Wingstop by 49,828.4% in the 1st quarter. Royal Bank of Canada now owns 138,801 shares of the restaurant operator’s stock valued at $6,555,000 after purchasing an additional 138,523 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Wingstop by 2.2% in the 1st quarter. Legal & General Group Plc now owns 54,164 shares of the restaurant operator’s stock valued at $2,559,000 after purchasing an additional 1,148 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Wingstop in the 1st quarter valued at $4,037,000.

Several equities analysts have commented on the stock. Stifel Nicolaus raised their price target on shares of Wingstop from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, May 4th. BidaskClub cut shares of Wingstop from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 12th. ValuEngine raised shares of Wingstop from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Wingstop from a “hold” rating to a “strong-buy” rating and set a $62.00 price target for the company in a research report on Thursday, May 10th. Finally, Wedbush reissued a “hold” rating and issued a $51.00 price target on shares of Wingstop in a research report on Friday, May 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $50.21.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.

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

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