Wingstop Sees Unusually High Options Volume (WING)

Wingstop Inc (NASDAQ:WING) saw some unusual options trading activity on Friday. Traders bought 589 put options on the company. This is an increase of approximately 718% compared to the typical daily volume of 72 put options.

A number of analysts have issued reports on the stock. BidaskClub upgraded shares of Wingstop from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Deutsche Bank began coverage on shares of Wingstop in a research note on Monday, December 18th. They set a “hold” rating and a $38.00 target price on the stock. Guggenheim lowered shares of Wingstop from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 29th. Goldman Sachs Group restated a “buy” rating and set a $41.00 target price on shares of Wingstop in a research note on Wednesday, November 29th. Finally, Cowen reiterated a “buy” rating and issued a $41.00 price target on shares of Wingstop in a research note on Friday, November 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Wingstop currently has an average rating of “Hold” and a consensus target price of $38.00.

Wingstop (WING) opened at $38.35 on Monday. The company has a market cap of $1,145.18, a P/E ratio of 53.26, a price-to-earnings-growth ratio of 2.77 and a beta of 0.69. Wingstop has a one year low of $24.74 and a one year high of $43.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $26.03 million for the quarter, compared to analyst estimates of $25.13 million. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. equities research analysts anticipate that Wingstop will post 0.73 EPS for the current fiscal year.

The company also recently disclosed a None dividend, which was paid on Tuesday, December 19th. Stockholders of record on Monday, December 4th were issued a $0.07 dividend. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, December 1st. Wingstop’s payout ratio is currently 19.44%.

In other Wingstop news, insider Flynn Dekker sold 16,350 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total transaction of $584,839.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael J. Hislop sold 5,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $41.03, for a total transaction of $205,150.00. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Several hedge funds have recently bought and sold shares of WING. Riverhead Capital Management LLC increased its position in Wingstop by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock worth $108,000 after purchasing an additional 1,396 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Wingstop by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock worth $118,000 after buying an additional 52 shares in the last quarter. Turner Investments LLC acquired a new position in shares of Wingstop in the 3rd quarter worth approximately $150,000. Piedmont Investment Advisors LLC acquired a new position in shares of Wingstop in the 3rd quarter worth approximately $210,000. Finally, Municipal Employees Retirement System of Michigan raised its holdings in shares of Wingstop by 3.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,810 shares of the restaurant operator’s stock worth $210,000 after buying an additional 210 shares in the last quarter.

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Wingstop Company Profile

Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.

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