Wingstop Inc. (NASDAQ:WING) traded down 9% during mid-day trading on Friday . The company traded as low as $25.26 and last traded at $25.55, with a volume of 331,544 shares trading hands. The stock had previously closed at $28.07.

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird assumed coverage on shares of Wingstop in a research report on Sunday, May 8th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Wingstop from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Co. reissued a “market perform” rating and set a $26.00 price objective (up previously from $24.00) on shares of Wingstop in a research report on Thursday, June 9th. Cowen and Company assumed coverage on shares of Wingstop in a research report on Tuesday, April 19th. They set an “outperform” rating and a $34.00 price objective for the company. Finally, Goldman Sachs Group Inc. raised shares of Wingstop from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $27.00 to $28.00 in a research report on Friday, April 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $29.89.

The firm has a market cap of $735.06 million and a PE ratio of 61.71. The firm has a 50-day moving average price of $27.42 and a 200-day moving average price of $24.71.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. The business had revenue of $22.10 million for the quarter, compared to analyst estimates of $21.46 million. The company’s quarterly revenue was up 16.3% on a year-over-year basis. Equities research analysts anticipate that Wingstop Inc. will post $0.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Tuesday, July 12th will be paid a dividend of $2.90 per share. This represents a $11.60 dividend on an annualized basis and a yield of 45.19%. The ex-dividend date of this dividend is Friday, July 8th.

In related news, insider Michael Skipworth sold 5,000 shares of the stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $27.42, for a total transaction of $137,100.00. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at approximately $137,100. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Vernon sold 17,206 shares of the stock in a transaction on Monday, June 20th. The stock was sold at an average price of $27.57, for a total transaction of $474,369.42. Following the sale, the insider now owns 78,169 shares of the company’s stock, valued at approximately $2,155,119.33. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors increased its position in shares of Wingstop by 31.6% in the fourth quarter. Nationwide Fund Advisors now owns 46,687 shares of the company’s stock worth $1,065,000 after buying an additional 11,212 shares during the last quarter. JW Asset Management LLC increased its position in shares of Wingstop by 87.0% in the fourth quarter. JW Asset Management LLC now owns 116,057 shares of the company’s stock worth $2,647,000 after buying an additional 54,000 shares during the last quarter. Numeric Investors LLC increased its position in shares of Wingstop by 238.8% in the fourth quarter. Numeric Investors LLC now owns 116,398 shares of the company’s stock worth $2,655,000 after buying an additional 82,040 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Wingstop by 10.8% in the fourth quarter. OppenheimerFunds Inc. now owns 316,201 shares of the company’s stock worth $7,213,000 after buying an additional 30,891 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Wingstop by 25.3% in the fourth quarter. Wells Fargo & Company MN now owns 437,661 shares of the company’s stock worth $9,984,000 after buying an additional 88,254 shares during the last quarter.

Wingstop Inc (Wingstop) is a franchisor and operator of restaurants that specializes in hand-sauced and tossed chicken wings. The Company offers around 11 flavors on its bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides made fresh daily. The Company operates business through two segments, which include Franchise segment and Company segment.

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