Charles R. Morrison Sells 20,009 Shares of Wingstop Inc (WING) Stock

Wingstop Inc (NASDAQ:WING) CEO Charles R. Morrison sold 20,009 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $78.10, for a total value of $1,562,702.90. Following the transaction, the chief executive officer now owns 123,007 shares in the company, valued at approximately $9,606,846.70. The sale was disclosed in a document filed with the SEC, which is available through this link.

NASDAQ WING opened at $79.41 on Monday. Wingstop Inc has a one year low of $47.83 and a one year high of $80.76. The firm has a market capitalization of $2.33 billion, a P/E ratio of 94.54, a PEG ratio of 5.49 and a beta of 0.85.

Wingstop (NASDAQ:WING) last issued its earnings results on Tuesday, May 7th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Wingstop had a negative return on equity of 13.31% and a net margin of 13.52%. The business had revenue of $48.05 million during the quarter, compared to the consensus estimate of $45.68 million. During the same period last year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. Equities analysts predict that Wingstop Inc will post 0.74 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, June 6th. Wingstop’s dividend payout ratio (DPR) is presently 42.86%.

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its stake in shares of Wingstop by 1.6% in the 1st quarter. FMR LLC now owns 755,476 shares of the restaurant operator’s stock worth $57,439,000 after acquiring an additional 12,049 shares during the last quarter. V Wealth Advisors LLC acquired a new stake in shares of Wingstop in the 1st quarter worth $237,000. BlueMountain Capital Management LLC increased its stake in shares of Wingstop by 44.3% in the 1st quarter. BlueMountain Capital Management LLC now owns 10,990 shares of the restaurant operator’s stock worth $836,000 after acquiring an additional 3,375 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Wingstop by 2.4% in the 1st quarter. Jane Street Group LLC now owns 9,296 shares of the restaurant operator’s stock worth $707,000 after acquiring an additional 216 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Wingstop by 150.1% in the 1st quarter. HighTower Advisors LLC now owns 10,996 shares of the restaurant operator’s stock worth $834,000 after acquiring an additional 6,600 shares during the last quarter.

Several research analysts recently commented on WING shares. BidaskClub downgraded Wingstop from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 29th. Wedbush reissued a “buy” rating and issued a $74.00 price objective (up from $69.00) on shares of Wingstop in a research note on Wednesday, March 13th. Zacks Investment Research raised Wingstop from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Guggenheim downgraded Wingstop from a “buy” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets started coverage on Wingstop in a research note on Tuesday, March 26th. They issued an “outperform” rating and a $71.76 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.99.

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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 December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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