Raj Kapoor Sells 637 Shares of Wingstop Inc. (NASDAQ:WING) Stock

Wingstop Inc. (NASDAQ:WING) SVP Raj Kapoor sold 637 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $273.07, for a total value of $173,945.59. Following the completion of the sale, the senior vice president now owns 517 shares in the company, valued at $141,177.19. The trade was a 55.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wingstop Stock Up 2.2 %

WING opened at $276.15 on Friday. The firm has a market cap of $7.71 billion, a PE ratio of 74.43, a P/E/G ratio of 2.27 and a beta of 1.80. The business has a fifty day simple moving average of $229.99 and a 200-day simple moving average of $277.77. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $433.86.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The firm had revenue of $171.09 million for the quarter, compared to analysts’ expectations of $172.25 million. During the same quarter last year, the business posted $0.98 EPS. Wingstop’s revenue was up 17.4% on a year-over-year basis. On average, equities research analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current fiscal year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Friday, May 16th. Wingstop’s payout ratio is 18.09%.

Institutional Trading of Wingstop

A number of hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in Wingstop by 521.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 73 shares during the period. CBIZ Investment Advisory Services LLC increased its holdings in shares of Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 35 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Wingstop by 93.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator’s stock worth $29,000 after buying an additional 62 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Wingstop during the fourth quarter worth $30,000. Finally, Signaturefd LLC boosted its position in Wingstop by 106.9% during the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 77 shares during the last quarter.

Wall Street Analyst Weigh In

WING has been the subject of a number of analyst reports. Raymond James reissued an “outperform” rating and set a $330.00 target price (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Jefferies Financial Group raised Wingstop from a “hold” rating to a “buy” rating and set a $270.00 price objective for the company in a report on Monday, March 31st. Guggenheim raised Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 target price on the stock in a research note on Monday, February 24th. BMO Capital Markets decreased their price target on Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a research note on Thursday, February 20th. Finally, Robert W. Baird reduced their price objective on shares of Wingstop from $375.00 to $350.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $320.05.

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.