Investigation Overview
September 15, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Wingstop Inc (NASDAQ:WING) was announced over potential breaches of fiduciary duties by certain officers and directors at Wingstop Inc.
The investigation by a law firm concerns whether certain Wingstop officers and directors breached their fiduciary duties.
Wingstop Inc reported that its Total Revenue rose from $67.45 million for the 52 weeks period that ened on December 27, 2014 to $77.97 million for th 52 weeks period that ended on December 26, 2015 and that its Net Income for those respective time periods increased from $8.99 million to $10.11 million.
Shares of Wingstop Inc (NASDAQ:WING) grew from $21.07 per share in November 2015 to as high as $32.52 per share in August 2016.
On September 15, 2016, NASDAQ:WING shares closed at $29.43 per share.