Wingstop (NASDAQ:WING) Stock Price Down 5.6% – Time to Sell?

Shares of Wingstop Inc. (NASDAQ:WING) fell 5.6% during trading on Thursday . The stock traded as low as $232.30 and last traded at $233.4060. 393,745 shares were traded during trading, a decline of 54% from the average session volume of 846,898 shares. The stock had previously closed at $247.30.

Analyst Ratings Changes

WING has been the topic of a number of research reports. Wedbush reiterated an “outperform” rating on shares of Wingstop in a research note on Wednesday, September 17th. Barclays decreased their target price on Wingstop from $330.00 to $295.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wingstop in a research note on Monday. Stephens restated an “overweight” rating and issued a $375.00 price target on shares of Wingstop in a research note on Tuesday, November 4th. Finally, Sanford C. Bernstein decreased their price objective on Wingstop from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Wingstop has an average rating of “Moderate Buy” and a consensus target price of $337.81.

Wingstop Trading Up 0.3%

The stock has a market capitalization of $6.56 billion, a P/E ratio of 38.42, a P/E/G ratio of 3.24 and a beta of 1.75. The business has a 50-day moving average price of $246.89 and a two-hundred day moving average price of $295.38.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.18. The business had revenue of $175.74 million during the quarter, compared to the consensus estimate of $189.10 million. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.Wingstop’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 21st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, November 21st. This represents a $1.20 annualized dividend and a yield of 0.5%. Wingstop’s dividend payout ratio is presently 19.54%.

Insider Buying and Selling at Wingstop

In other news, Director Kilandigalu Madati sold 269 shares of Wingstop stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total value of $69,931.93. Following the transaction, the director owned 5,283 shares in the company, valued at approximately $1,373,421.51. This trade represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC grew its holdings in Wingstop by 1,650.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 99 shares during the last quarter. Quaker Wealth Management LLC lifted its holdings in shares of Wingstop by 134.2% during the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 408 shares during the period. CBIZ Investment Advisory Services LLC grew its stake in shares of Wingstop by 54.3% in the third quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 50 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in Wingstop in the second quarter valued at $43,000. Finally, Hantz Financial Services Inc. raised its position in Wingstop by 4,200.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 126 shares during the last quarter.

Wingstop Company Profile

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.