Charles R. Morrison Sells 20,000 Shares of Wingstop Inc (WING) Stock

Wingstop Inc (NASDAQ:WING) Chairman Charles R. Morrison sold 20,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $69.10, for a total value of $1,382,000.00. Following the completion of the transaction, the chairman now directly owns 128,998 shares of the company’s stock, valued at approximately $8,913,761.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ WING opened at $69.50 on Friday. Wingstop Inc has a 52-week low of $45.53 and a 52-week high of $75.58. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 82.74, a PEG ratio of 4.37 and a beta of 0.87.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, February 27th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). Wingstop had a net margin of 14.18% and a negative return on equity of 15.27%. The firm had revenue of $40.51 million for the quarter, compared to analyst estimates of $40.82 million. During the same quarter in the previous year, the company earned $0.36 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. Equities research analysts expect that Wingstop Inc will post 0.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, March 12th. Wingstop’s payout ratio is currently 42.86%.

A number of research analysts recently commented on the company. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a report on Saturday. Wedbush reissued a “buy” rating and issued a $74.00 price target (up previously from $69.00) on shares of Wingstop in a report on Wednesday. Finally, Zacks Investment Research downgraded Wingstop from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Wingstop currently has a consensus rating of “Hold” and an average target price of $66.14.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors raised its position in shares of Wingstop by 165.4% during the 4th quarter. Captrust Financial Advisors now owns 929 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 579 shares during the period. Bank of Montreal Can raised its position in shares of Wingstop by 16.0% during the 4th quarter. Bank of Montreal Can now owns 1,525 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 210 shares during the period. Advisors Asset Management Inc. raised its position in shares of Wingstop by 200.8% during the 4th quarter. Advisors Asset Management Inc. now owns 3,204 shares of the restaurant operator’s stock worth $206,000 after purchasing an additional 2,139 shares during the period. Parametrica Management Ltd acquired a new stake in shares of Wingstop during the 4th quarter worth approximately $206,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of Wingstop during the 3rd quarter worth approximately $247,000.

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Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.

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