Wingstop (NASDAQ:WING) Reaches New 52-Week Low – Time to Sell?

Wingstop Inc. (NASDAQ:WING) shares hit a new 52-week low on Monday . The stock traded as low as $204.00 and last traded at $205.40, with a volume of 262439 shares. The stock had previously closed at $218.84.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WING shares. Wedbush reduced their price target on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus decreased their target price on Wingstop from $375.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Northcoast Research cut Wingstop from a “buy” rating to a “neutral” rating in a research report on Friday, February 21st. Wells Fargo & Company assumed coverage on shares of Wingstop in a research report on Wednesday, March 26th. They issued an “overweight” rating and a $270.00 price objective on the stock. Finally, TD Securities cut their target price on shares of Wingstop from $365.00 to $305.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Wingstop presently has an average rating of “Moderate Buy” and an average target price of $348.23.

Wingstop Trading Down 4.8 %

The firm has a 50-day moving average of $235.09 and a two-hundred day moving average of $290.65. The firm has a market capitalization of $5.81 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Friday, March 7th. Wingstop’s dividend payout ratio (DPR) is presently 29.11%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC boosted its position in Wingstop by 17.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,490 shares of the restaurant operator’s stock worth $620,000 after purchasing an additional 224 shares during the period. Tidal Investments LLC boosted its position in shares of Wingstop by 7.8% in the third quarter. Tidal Investments LLC now owns 758 shares of the restaurant operator’s stock worth $315,000 after buying an additional 55 shares during the period. Franklin Resources Inc. grew its stake in shares of Wingstop by 0.9% in the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator’s stock valued at $326,020,000 after buying an additional 7,204 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Wingstop during the 4th quarter valued at about $259,000. Finally, Diversified Trust Co acquired a new position in Wingstop during the 4th quarter worth approximately $427,000.

About Wingstop

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.