Wingstop Inc. (NASDAQ:WING) SVP Donnie Upshaw Sells 91 Shares

Wingstop Inc. (NASDAQ:WING) SVP Donnie Upshaw sold 91 shares of the stock in a transaction dated Sunday, March 2nd. The stock was sold at an average price of $234.78, for a total value of $21,364.98. Following the completion of the sale, the senior vice president now directly owns 7,903 shares of the company’s stock, valued at approximately $1,855,466.34. This represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wingstop Stock Performance

Shares of NASDAQ WING traded up $5.22 during mid-day trading on Tuesday, reaching $229.51. 929,226 shares of the company traded hands, compared to its average volume of 521,669. The company’s fifty day moving average is $281.73 and its two-hundred day moving average is $334.06. Wingstop Inc. has a fifty-two week low of $218.21 and a fifty-two week high of $433.86. The stock has a market cap of $6.58 billion, a PE ratio of 61.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.81.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.47%. Wingstop’s dividend payout ratio (DPR) is presently 29.11%.

Wingstop announced that its Board of Directors has authorized a share buyback program on Thursday, December 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the restaurant operator to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Wingstop

Large investors have recently modified their holdings of the company. True Wealth Design LLC bought a new position in Wingstop in the 3rd quarter worth $36,000. EverSource Wealth Advisors LLC grew its position in shares of Wingstop by 521.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in shares of Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 35 shares during the period. Hollencrest Capital Management lifted its position in shares of Wingstop by 53.8% during the 3rd quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Wingstop during the 4th quarter worth about $30,000.

Analyst Ratings Changes

A number of research firms have recently issued reports on WING. Wedbush reduced their price target on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Guggenheim upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 price objective on the stock in a research note on Monday, February 24th. Raymond James reissued an “outperform” rating and set a $330.00 target price (down previously from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Piper Sandler lowered their price target 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. Finally, Stifel Nicolaus cut their price objective on Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $357.67.

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.