Wingstop Inc. (NASDAQ:WING) SVP Raj Kapoor Sells 266 Shares

Wingstop Inc. (NASDAQ:WING) SVP Raj Kapoor sold 266 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $324.38, for a total transaction of $86,285.08. Following the transaction, the senior vice president now directly owns 266 shares of the company’s stock, valued at $86,285.08. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wingstop Trading Down 6.7 %

NASDAQ WING traded down $21.56 during trading on Friday, hitting $301.33. 925,972 shares of the company’s stock were exchanged, compared to its average volume of 461,737. The stock’s 50 day moving average price is $346.79 and its two-hundred day moving average price is $377.23. The company has a market cap of $8.80 billion, a PE ratio of 94.14, a P/E/G ratio of 3.08 and a beta of 1.78. Wingstop Inc. has a fifty-two week low of $240.60 and a fifty-two week high of $433.86.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The firm had revenue of $162.50 million for the quarter, compared to the consensus estimate of $160.24 million. During the same quarter last year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. Analysts forecast that Wingstop Inc. will post 3.67 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Friday, November 15th. Wingstop’s dividend payout ratio is presently 31.49%.

Wingstop declared that its board has initiated a stock repurchase plan on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup raised their price target on Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Benchmark raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $458.00 to $377.00 in a report on Friday, November 8th. Barclays reduced their price target on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Piper Sandler dropped their target price on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Wingstop has a consensus rating of “Moderate Buy” and an average target price of $368.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WING. Hollencrest Capital Management acquired a new stake in shares of Wingstop in the 2nd quarter valued at about $27,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Wingstop in the 2nd quarter worth $34,000. True Wealth Design LLC acquired a new position in shares of Wingstop during the third quarter valued at about $36,000. V Square Quantitative Management LLC boosted its stake in Wingstop by 60.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 40 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Wingstop by 384.6% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after buying an additional 100 shares during the last quarter.

About Wingstop

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.