Wingstop Inc (NASDAQ:WING) insider Madison Jobe sold 469 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $48.22, for a total transaction of $22,615.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Madison Jobe also recently made the following trade(s):
- On Tuesday, February 20th, Madison Jobe sold 560 shares of Wingstop stock. The shares were sold at an average price of $44.03, for a total transaction of $24,656.80.
Wingstop Inc (NASDAQ:WING) traded up $0.63 during midday trading on Wednesday, reaching $48.85. The company had a trading volume of 363,479 shares, compared to its average volume of 739,409. Wingstop Inc has a twelve month low of $25.43 and a twelve month high of $49.69. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of -2.69. The company has a market cap of $1,420.00 and a PE ratio of 66.01.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.57%. Wingstop’s payout ratio is 28.38%.
A number of hedge funds and other institutional investors have recently bought and sold shares of WING. CI Investments Inc. bought a new stake in Wingstop during the 3rd quarter worth approximately $11,977,000. Dimensional Fund Advisors LP increased its stake in Wingstop by 334.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 393,908 shares of the restaurant operator’s stock worth $12,172,000 after purchasing an additional 303,156 shares in the last quarter. State Street Corp increased its stake in Wingstop by 47.7% during the 2nd quarter. State Street Corp now owns 635,514 shares of the restaurant operator’s stock worth $19,639,000 after purchasing an additional 205,100 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Wingstop during the 4th quarter worth approximately $6,167,000. Finally, Two Sigma Investments LP increased its stake in Wingstop by 102.5% during the 4th quarter. Two Sigma Investments LP now owns 274,079 shares of the restaurant operator’s stock worth $10,684,000 after purchasing an additional 138,725 shares in the last quarter.
A number of analysts recently weighed in on the stock. Stephens reiterated a “buy” rating and issued a $50.00 price target on shares of Wingstop in a research report on Wednesday, January 31st. Cowen reiterated an “outperform” rating and issued a $51.00 price target (up from $46.00) on shares of Wingstop in a research report on Tuesday, February 6th. Zacks Investment Research upgraded shares of Wingstop from a “hold” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research report on Friday, February 2nd. Robert W. Baird downgraded shares of Wingstop from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 20th. Finally, Wedbush reiterated a “buy” rating and issued a $41.00 price target on shares of Wingstop in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.42.
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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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