SVP Upshaw sold 3,199 WING shares (97.1% of holdings) at $372.71 on 2024-08-08 for $1.2M, retaining only 97 shares.
Donnie Upshaw, SVP of Corp Restaurants & CPO, liquidated 97.1% of his Wingstop holdings in a single transaction, reducing his stake from 3,296 shares to 97 shares. The $1,192,302.17 sale at $372.71 is notable given that at his prior WING sell on 2023-09-11, the stock delivered +49.7% returns over the following 90 days—a materially poorly-timed precedent. The current price of $371.48 is -13.4% from the 52-week high and -2.9% over the past 30 days, placing the timing within a period of recent weakness but not extreme distress. With a P/E of 115.01 and annual revenue growth of +28.7%, the company's valuation remains elevated despite its strong growth profile. The near-complete exit by a senior executive warrants investor attention given the outsized position reduction and the pattern of prior underperformance in timing similar trades.