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

Wingstop Inc. (NASDAQ:WING)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $183.00 and last traded at $183.24, with a volume of 1148676 shares. The stock had previously closed at $187.79.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stifel Nicolaus upped their target price on Wingstop from $290.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. BTIG Research reissued a “buy” rating and set a $400.00 price objective on shares of Wingstop in a report on Thursday, February 19th. Loop Capital assumed coverage on shares of Wingstop in a research report on Friday, January 9th. They issued a “buy” rating and a $317.00 price objective on the stock. DA Davidson started coverage on shares of Wingstop in a research note on Friday, March 6th. They issued a “buy” rating and a $330.00 target price on the stock. Finally, Mizuho dropped their target price on shares of Wingstop from $320.00 to $310.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Wingstop has an average rating of “Moderate Buy” and an average target price of $337.29.

Wingstop Trading Down 2.4%

The stock has a market capitalization of $5.04 billion, a PE ratio of 29.65, a PEG ratio of 2.05 and a beta of 1.82. The business has a fifty day moving average price of $246.64 and a 200-day moving average price of $250.60.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, beating 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 for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. On average, equities analysts anticipate that Wingstop Inc. will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, March 6th. Wingstop’s payout ratio is presently 19.42%.

Insiders Place Their Bets

In other Wingstop news, Director Wesley S. Mcdonald sold 566 shares of the business’s stock in a transaction 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 sale, the director directly owned 4,375 shares of the company’s stock, valued at $1,093,750. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 sale, 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 disclosure for this sale is available in the SEC filing. 0.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WING. Baird Financial Group Inc. purchased a new stake in Wingstop during the 1st quarter valued at about $256,000. Jones Financial Companies Lllp increased its stake in Wingstop by 2,770.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock worth $440,000 after purchasing an additional 1,884 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Wingstop by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock valued at $20,852,000 after purchasing an additional 4,937 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Wingstop by 121.4% in the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 119 shares during the last quarter. Finally, Sivia Capital Partners LLC boosted its stake in shares of Wingstop by 45.5% during the second quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock valued at $467,000 after purchasing an additional 434 shares during the period.

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.