Wingstop Inc (WING) Chairman Charles R. Morrison Sells 11,000 Shares of Stock

Wingstop Inc (NASDAQ:WING) Chairman Charles R. Morrison sold 11,000 shares of the company’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $53.02, for a total value of $583,220.00. Following the completion of the transaction, the chairman now directly owns 137,152 shares in the company, valued at approximately $7,271,799.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Charles R. Morrison also recently made the following trade(s):

  • On Monday, April 9th, Charles R. Morrison sold 11,000 shares of Wingstop stock. The shares were sold at an average price of $48.20, for a total value of $530,200.00.

Shares of WING stock traded up $0.41 on Thursday, hitting $52.87. The stock had a trading volume of 12,016 shares, compared to its average volume of 586,495. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of -1.49. The company has a market capitalization of $1.53 billion, a PE ratio of 71.38, a P/E/G ratio of 3.22 and a beta of 0.90. Wingstop Inc has a 1 year low of $29.54 and a 1 year high of $55.85.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Thursday, May 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The firm had revenue of $37.40 million for the quarter, compared to the consensus estimate of $36.34 million. Wingstop had a negative return on equity of 28.86% and a net margin of 23.15%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 EPS. research analysts predict that Wingstop Inc will post 0.84 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 18th. Investors of record on Monday, June 4th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, June 1st. This represents a $0.28 annualized dividend and a dividend yield of 0.53%. Wingstop’s dividend payout ratio is presently 37.84%.

Several hedge funds have recently bought and sold shares of WING. Dynamic Technology Lab Private Ltd purchased a new stake in Wingstop during the 1st quarter worth about $245,000. Principal Financial Group Inc. increased its holdings in Wingstop by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 240,242 shares of the restaurant operator’s stock worth $11,347,000 after purchasing an additional 7,951 shares during the period. CIBC World Markets Inc. purchased a new stake in Wingstop during the 1st quarter worth about $524,000. Xact Kapitalforvaltning AB purchased a new stake in Wingstop during the 1st quarter worth about $238,000. Finally, Royal Bank of Canada increased its holdings in Wingstop by 49,828.4% during the 1st quarter. Royal Bank of Canada now owns 138,801 shares of the restaurant operator’s stock worth $6,555,000 after purchasing an additional 138,523 shares during the period.

Several equities analysts have recently commented on the company. ValuEngine raised Wingstop from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BTIG Research assumed coverage on Wingstop in a research note on Friday, April 20th. They issued a “buy” rating and a $59.00 price target on the stock. Barclays reaffirmed an “equal weight” rating and issued a $40.00 price target (down previously from $44.00) on shares of Wingstop in a research note on Friday, February 23rd. Zacks Investment Research lowered Wingstop from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, Stifel Nicolaus upped their price target on Wingstop from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, April 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $50.79.

About Wingstop

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.

Insider Buying and Selling by Quarter for Wingstop (NASDAQ:WING)

Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit