Kilandigalu Madati Sells 2,700 Shares of Wingstop (NASDAQ:WING) Stock

Wingstop Inc. (NASDAQ:WING) Director Kilandigalu Madati sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total transaction of $703,971.00. Following the sale, the director owned 2,583 shares in the company, valued at approximately $673,465.59. This trade represents a 51.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Wingstop Stock Performance

Shares of WING opened at $259.51 on Friday. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $388.14. The company has a market capitalization of $7.13 billion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 2.84 and a beta of 1.80. The stock has a fifty day moving average of $260.93 and a two-hundred day moving average of $264.23.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.16. The business had revenue of $175.69 million for the quarter, compared to analysts’ expectations of $177.74 million. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. As a group, equities research analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. Wingstop’s dividend payout ratio is currently 19.42%.

Hedge Funds Weigh In On Wingstop

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Baird Financial Group Inc. acquired a new position in shares of Wingstop during the first quarter worth $256,000. Jones Financial Companies Lllp increased its stake in Wingstop by 2,770.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock worth $440,000 after buying an additional 1,884 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Wingstop by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock worth $20,852,000 after buying an additional 4,937 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 119 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its stake in shares of Wingstop by 45.5% during the second quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock valued at $467,000 after acquiring an additional 434 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WING shares. The Goldman Sachs Group restated a “buy” rating and issued a $335.00 target price on shares of Wingstop in a report on Wednesday, February 18th. Benchmark reissued a “buy” rating on shares of Wingstop in a research note on Thursday, February 19th. Guggenheim upped their price objective on Wingstop from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. BMO Capital Markets reduced their target price on Wingstop from $345.00 to $280.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Finally, BTIG Research reissued a “buy” rating and set a $400.00 price target on shares of Wingstop in a research report on Thursday, February 19th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $336.07.

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.