Wingstop (NASDAQ:WING) Reaches New 12-Month Low – Should You Sell?

Wingstop Inc. (NASDAQ:WING) reached a new 52-week low during trading on Thursday . The company traded as low as $139.00 and last traded at $139.1710, with a volume of 80749 shares trading hands. The stock had previously closed at $145.43.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WING shares. Loop Capital started coverage on Wingstop in a research report on Friday, January 9th. They issued a “buy” rating and a $317.00 price target for the company. Wells Fargo & Company lowered their price target on Wingstop from $225.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Morgan Stanley reissued an “overweight” rating and issued a $255.00 price target on shares of Wingstop in a research report on Thursday, April 30th. Stephens lowered their price target on Wingstop from $300.00 to $225.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, BNP Paribas Exane assumed coverage on Wingstop in a research report on Monday, March 30th. They issued an “outperform” rating and a $275.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $282.41.

Wingstop Stock Down 3.9%

The company has a 50-day simple moving average of $189.27 and a two-hundred day simple moving average of $231.16. The firm has a market cap of $3.53 billion, a PE ratio of 32.26, a PEG ratio of 1.51 and a beta of 1.86.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The business had revenue of $183.73 million for the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts predict that Wingstop Inc. will post 4.58 earnings per share for the current year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.20 annualized dividend and a yield of 0.9%. Wingstop’s payout ratio is currently 29.85%.

Insider Buying and Selling at Wingstop

In other Wingstop news, Director Kilandigalu Madati sold 2,700 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total value of $703,971.00. Following the transaction, the director owned 2,583 shares of the company’s stock, valued at approximately $673,465.59. The trade was a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wesley S. Mcdonald sold 566 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was 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. This represents a 11.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Wingstop by 2.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,111,089 shares of the restaurant operator’s stock valued at $503,475,000 after buying an additional 58,386 shares during the last quarter. Lone Pine Capital LLC purchased a new position in shares of Wingstop during the 3rd quarter valued at $375,317,000. Massachusetts Financial Services Co. MA lifted its position in shares of Wingstop by 48.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,405,894 shares of the restaurant operator’s stock valued at $335,292,000 after buying an additional 456,861 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Wingstop by 6.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,173,613 shares of the restaurant operator’s stock valued at $279,895,000 after buying an additional 70,224 shares during the last quarter. Finally, Steadfast Capital Management LP lifted its position in shares of Wingstop by 296.2% during the 3rd quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock valued at $239,227,000 after buying an additional 710,621 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.