Wingstop (NASDAQ:WING) Sets New 52-Week Low – Here’s Why

Wingstop Inc. (NASDAQ:WING)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $123.40 and last traded at $123.73, with a volume of 908558 shares traded. The stock had previously closed at $127.33.

Analyst Ratings Changes

Several equities research analysts recently commented on WING shares. BNP Paribas Exane started coverage on shares of Wingstop in a research report on Monday, March 30th. They issued an “outperform” rating and a $275.00 price objective on the stock. Wolfe Research started coverage on shares of Wingstop in a research report on Monday, March 9th. They issued an “outperform” rating and a $320.00 price objective on the stock. DA Davidson reiterated a “buy” rating and issued a $250.00 price objective on shares of Wingstop in a research report on Monday, April 20th. Royal Bank Of Canada reduced their target price on shares of Wingstop from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Finally, Melius Research set a $350.00 target price on shares of Wingstop in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $282.41.

Wingstop Stock Performance

The company has a market capitalization of $3.37 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 1.42 and a beta of 1.86. The stock’s fifty day simple moving average is $181.17 and its 200-day simple moving average is $228.31.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $183.73 million for the quarter, compared to analyst estimates of $187.82 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. On average, equities analysts anticipate that Wingstop Inc. will post 4.58 EPS for the current year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.0%. Wingstop’s dividend payout ratio is currently 29.85%.

Insider Transactions at Wingstop

In other news, Director Wesley S. Mcdonald sold 566 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $250.00, for a total transaction of $141,500.00. Following the completion of the transaction, the director owned 4,375 shares of the company’s stock, valued at $1,093,750. This represents a 11.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kilandigalu Madati sold 2,700 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total transaction of $703,971.00. Following the transaction, the director directly owned 2,583 shares of the company’s stock, valued at approximately $673,465.59. This represents a 51.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its stake in shares of Wingstop by 1,650.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. SBI Securities Co. Ltd. increased its stake 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 valued at $33,000 after acquiring an additional 60 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in shares of Wingstop by 54.3% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 50 shares during the last quarter. Rakuten Securities Inc. increased its stake in shares of Wingstop by 197.9% during the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 95 shares during the last quarter. Finally, Pinnacle Holdings LLC acquired a new position in shares of Wingstop during the 3rd quarter valued at about $47,000.

Wingstop Company Profile

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.