Wingstop Inc. (NASDAQ:WING) insider David A. Vernon sold 6,540 shares of the firm’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $28.70, for a total value of $187,698.00. Following the transaction, the insider now owns 80,349 shares of the company’s stock, valued at $2,306,016.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Wingstop Inc. (NASDAQ:WING) opened at 29.30 on Friday. The firm has a market cap of $841.73 million, a PE ratio of 55.81 and a beta of 0.61. Wingstop Inc. has a 52 week low of $20.31 and a 52 week high of $33.10. The firm has a 50-day moving average price of $30.31 and a 200-day moving average price of $27.06.
Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Wingstop had a negative return on equity of 218.88% and a net margin of 18.15%. The firm had revenue of $22.70 million for the quarter, compared to analysts’ expectations of $22.05 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts predict that Wingstop Inc. will post $0.56 earnings per share for the current year.
Large investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its stake in shares of Wingstop by 134.2% in the second quarter. California State Teachers Retirement System now owns 33,002 shares of the company’s stock valued at $899,000 after buying an additional 18,912 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Wingstop by 41.6% in the second quarter. Bank of New York Mellon Corp now owns 80,153 shares of the company’s stock valued at $2,184,000 after buying an additional 23,534 shares during the period. American Century Companies Inc. purchased a new stake in shares of Wingstop during the second quarter valued at about $1,711,000. Barclays PLC boosted its stake in shares of Wingstop by 119.5% in the first quarter. Barclays PLC now owns 18,713 shares of the company’s stock valued at $412,000 after buying an additional 10,188 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Wingstop during the first quarter valued at about $1,517,000. 58.92% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on WING shares. Morgan Stanley restated a “buy” rating and set a $38.00 price objective on shares of Wingstop in a research report on Friday, August 5th. Jefferies Group reiterated a “buy” rating and issued a $30.00 target price on shares of Wingstop in a report on Monday, August 8th. Goldman Sachs Group Inc. lifted their target price on Wingstop from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Zacks Investment Research upgraded Wingstop from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Thursday, September 1st. Finally, Wells Fargo & Co. reiterated a “market perform” rating and issued a $26.00 target price on shares of Wingstop in a report on Saturday, July 2nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $32.25.
Wingstop Company Profile
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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