Wingstop Target of Unusually Large Options Trading (WING)

Wingstop Inc. (NASDAQ:WING) was the recipient of some unusual options trading activity on Monday. Stock traders bought 404 call options on the stock. This is an increase of approximately Infinity compared to the typical daily volume of 0 call options.

In other news, insider Stacy Peterson sold 11,557 shares of Wingstop stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $34.60, for a total transaction of $399,872.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Morrison sold 25,000 shares of Wingstop stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $34.71, for a total transaction of $867,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,433 shares of company stock worth $2,206,872. Corporate insiders own 1.76% of the company’s stock.

Several large investors have recently bought and sold shares of WING. BlackRock Inc. grew its stake in shares of Wingstop by 200,013.0% in the first quarter. BlackRock Inc. now owns 3,473,961 shares of the restaurant operator’s stock worth $98,242,000 after acquiring an additional 3,472,225 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Wingstop by 56.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock worth $44,921,000 after acquiring an additional 523,811 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Wingstop in the second quarter worth $11,947,000. CI Investments Inc. acquired a new position in shares of Wingstop in the third quarter worth $11,977,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Wingstop by 334.0% in the second quarter. Dimensional Fund Advisors LP now owns 393,908 shares of the restaurant operator’s stock worth $12,172,000 after acquiring an additional 303,156 shares in the last quarter.

Wingstop (NASDAQ:WING) opened at $38.10 on Friday. The company has a market cap of $1,100.00 and a price-to-earnings ratio of 51.79. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.90. Wingstop has a 12 month low of $24.74 and a 12 month high of $38.88.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business had revenue of $26.03 million during the quarter, compared to the consensus estimate of $25.13 million. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share. sell-side analysts forecast that Wingstop will post 0.73 EPS for the current year.

The firm also recently declared a None dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th will be paid a $0.07 dividend. The ex-dividend date is Friday, December 1st. This represents a dividend yield of 0.77%. Wingstop’s dividend payout ratio (DPR) is 9.72%.

Several analysts recently weighed in on WING shares. Robert W. Baird reiterated a “buy” rating and issued a $39.00 target price on shares of Wingstop in a report on Monday, October 9th. Cowen and Company reiterated a “buy” rating on shares of Wingstop in a report on Thursday, August 24th. BidaskClub upgraded shares of Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Wedbush reiterated a “buy” rating on shares of Wingstop in a report on Friday, August 4th. Finally, Stifel Nicolaus upgraded shares of Wingstop from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $40.00 in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Wingstop presently has an average rating of “Buy” and an average target price of $36.10.

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About Wingstop

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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