Wingstop (NASDAQ:WING) Reaches New 52-Week Low – What’s Next?

Shares of Wingstop Inc. (NASDAQ:WING) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $153.11 and last traded at $153.8190, with a volume of 562736 shares traded. The stock had previously closed at $154.46.

Wall Street Analyst Weigh In

Several research firms have recently commented on WING. BTIG Research reaffirmed a “buy” rating and issued a $400.00 target price on shares of Wingstop in a research report on Thursday, February 19th. BNP Paribas Exane began coverage on Wingstop in a report on Monday. They set an “outperform” rating and a $275.00 price target for the company. Wall Street Zen upgraded Wingstop from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Loop Capital started coverage on Wingstop in a report on Friday, January 9th. They issued a “buy” rating and a $317.00 price objective on the stock. Finally, Royal Bank Of Canada lowered their price objective on Wingstop from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $332.55.

Wingstop Trading Up 0.1%

The stock has a market capitalization of $4.22 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.69 and a beta of 1.82. The business has a 50-day moving average price of $237.67 and a two-hundred day moving average price of $246.84.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.16. The company had revenue of $175.69 million for the quarter, compared to analysts’ expectations of $177.74 million. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.Wingstop’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.92 earnings per share. On average, sell-side analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, March 6th. Wingstop’s dividend payout ratio (DPR) is currently 19.42%.

Insider Activity at Wingstop

In other news, Director Wesley S. Mcdonald sold 566 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $250.00, for a total value of $141,500.00. Following the completion of the transaction, the director directly owned 4,375 shares in the company, valued at approximately $1,093,750. The trade was a 11.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kilandigalu Madati sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total transaction of $703,971.00. Following the sale, the director directly owned 2,583 shares of the company’s stock, valued at approximately $673,465.59. This trade represents a 51.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wingstop

A number of large investors have recently modified their holdings of the business. Cornerstone Planning Group LLC increased its stake in shares of Wingstop by 1,650.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Wingstop by 76.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after buying an additional 60 shares during the last quarter. Rakuten Securities Inc. boosted its stake in Wingstop by 197.9% in the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 95 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Wingstop by 54.3% in the third quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 50 shares in the last quarter. Finally, GW&K Investment Management LLC grew its position in Wingstop by 75.7% in the fourth quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock valued at $45,000 after acquiring an additional 81 shares during the last quarter.

About Wingstop

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.