Wingstop Inc. (NASDAQ:WING) insider David A. Vernon sold 6,540 shares of the stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $28.70, for a total transaction of $187,698.00. Following the completion of the sale, the insider now owns 80,349 shares of the company’s stock, valued at approximately $2,306,016.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Wingstop Inc. (NASDAQ:WING) opened at 29.30 on Friday. The company has a market capitalization of $841.73 million, a P/E ratio of 55.81 and a beta of 0.61. The company has a 50-day moving average of $30.31 and a 200 day moving average of $27.06. Wingstop Inc. has a 12-month low of $20.31 and a 12-month high of $33.10.
Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Wingstop had a net margin of 18.15% and a negative return on equity of 218.88%. The firm had revenue of $22.70 million for the quarter, compared to the consensus estimate of $22.05 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities research analysts forecast that Wingstop Inc. will post $0.56 earnings per share for the current fiscal year.
Several equities research analysts have commented on the stock. KeyCorp assumed coverage on shares of Wingstop in a research note on Wednesday, September 7th. They issued an “overweight” rating and a $36.00 price objective for the company. Robert W. Baird increased their price objective on shares of Wingstop from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, September 7th. Zacks Investment Research upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Thursday, September 1st. Wedbush reiterated an “outperform” rating and issued a $36.00 price objective (up previously from $35.00) on shares of Wingstop in a research note on Monday, August 29th. Finally, Goldman Sachs Group Inc. increased their price objective on shares of Wingstop from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $32.25.
A number of hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in Wingstop by 132.5% in the second quarter. American International Group Inc. now owns 9,060 shares of the company’s stock worth $247,000 after buying an additional 5,163 shares during the period. Cadence Capital Management LLC bought a new stake in Wingstop during the second quarter worth approximately $255,000. Parametric Portfolio Associates LLC bought a new stake in Wingstop during the second quarter worth approximately $298,000. Metropolitan Life Insurance Co. NY bought a new stake in Wingstop during the second quarter worth approximately $325,000. Finally, Rhumbline Advisers bought a new stake in Wingstop during the second quarter worth approximately $335,000. Institutional investors own 58.92% of the company’s stock.
Wingstop Inc (Wingstop) is a franchisor and operator of restaurants that specializes in hand-sauced and tossed chicken wings. The Company offers around 11 flavors on its bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides made fresh daily. The Company operates business through two segments, which include Franchise segment and Company segment.
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