Wingstop Inc (NASDAQ:WING) Short Interest Update

Wingstop Inc (NASDAQ:WING) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 4,209,300 shares, a growth of 8.4% from the May 15th total of 3,882,200 shares. Based on an average trading volume of 445,900 shares, the short-interest ratio is currently 9.4 days. Approximately 14.5% of the shares of the company are sold short.

Shares of NASDAQ WING traded down $0.46 during trading hours on Friday, hitting $95.57. 360,027 shares of the company’s stock were exchanged, compared to its average volume of 376,506. The firm has a 50-day moving average of $91.88. The stock has a market cap of $2.81 billion, a PE ratio of 113.77, a price-to-earnings-growth ratio of 6.58 and a beta of 0.85. Wingstop has a 1-year low of $47.83 and a 1-year high of $98.60.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Tuesday, May 7th. The restaurant operator reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $48.05 million during the quarter, compared to analysts’ expectations of $45.68 million. Wingstop had a negative return on equity of 13.31% and a net margin of 13.52%. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. As a group, research analysts forecast that Wingstop will post 0.74 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.36 dividend on an annualized basis and a yield of 0.38%. Wingstop’s dividend payout ratio (DPR) is presently 42.86%.

In other news, CEO Charles R. Morrison sold 20,009 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $78.10, for a total value of $1,562,702.90. Following the sale, the chief executive officer now owns 123,007 shares of the company’s stock, valued at approximately $9,606,846.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Madison Jobe sold 2,823 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $77.98, for a total value of $220,137.54. The disclosure for this sale can be found here. Insiders have sold a total of 29,678 shares of company stock worth $2,374,961 in the last ninety days. 1.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Foundry Partners LLC lifted its position in Wingstop by 2.8% during the second quarter. Foundry Partners LLC now owns 37,688 shares of the restaurant operator’s stock worth $3,571,000 after acquiring an additional 1,037 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Wingstop by 1.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 11,547 shares of the restaurant operator’s stock worth $1,094,000 after acquiring an additional 200 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in Wingstop by 80.1% during the second quarter. Campbell & CO Investment Adviser LLC now owns 5,374 shares of the restaurant operator’s stock worth $509,000 after acquiring an additional 2,390 shares during the last quarter. FMR LLC lifted its position in Wingstop by 1.6% during the first quarter. FMR LLC now owns 755,476 shares of the restaurant operator’s stock worth $57,439,000 after acquiring an additional 12,049 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Wingstop by 6,771.3% during the first quarter. Marshall Wace LLP now owns 70,981 shares of the restaurant operator’s stock worth $5,396,000 after acquiring an additional 69,948 shares during the last quarter.

A number of equities research analysts have recently issued reports on the company. BidaskClub raised Zai Lab from a “sell” rating to a “hold” rating in a research report on Wednesday, June 5th. Wedbush reiterated an “outperform” rating on shares of WNS in a report on Tuesday, July 16th. Guggenheim downgraded Wingstop from a “buy” rating to a “neutral” rating and set a $72.00 price target on the stock. in a report on Tuesday, April 2nd. Wells Fargo & Co lifted their price target on Wingstop from $76.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, Stephens set a $53.00 price target on Domtar and gave the company a “buy” rating in a report on Friday, June 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $79.87.

Wingstop Company Profile

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 December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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