Wingstop Inc (NASDAQ:WING) was down 8.6% on Thursday . The company traded as low as $43.83 and last traded at $43.97. Approximately 598,272 shares were traded during trading, an increase of 11% from the average daily volume of 540,517 shares. The stock had previously closed at $48.13.

A number of equities research analysts recently weighed in on WING shares. Longbow Research started coverage on Wingstop in a research note on Friday, October 13th. They set a “neutral” rating for the company. SunTrust Banks restated a “buy” rating and set a $50.00 price objective on shares of Wingstop in a research note on Wednesday, January 3rd. Zacks Investment Research cut Wingstop from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. BidaskClub upgraded Wingstop from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Finally, Robert W. Baird restated a “buy” rating and set a $44.00 price objective (up from $30.00) on shares of Wingstop in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.50.

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37. The stock has a market capitalization of $1,279.31, a P/E ratio of 62.71, a P/E/G ratio of 2.76 and a beta of 1.01.

The firm also recently declared a None dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Friday, February 9th will be paid a $3.17 dividend. The ex-dividend date is Thursday, February 8th. This is a boost from Wingstop’s previous None dividend of $0.07. This represents a yield of 0.065849605317823%. Wingstop’s dividend payout ratio (DPR) is 19.44%.

In other Wingstop news, Director Michael J. Hislop sold 5,000 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $41.03, for a total value of $205,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Morrison sold 1,476 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $48.13, for a total value of $71,039.88. The disclosure for this sale can be found here. Company insiders own 1.76% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Turner Investments LLC acquired a new position in shares of Wingstop in the third quarter valued at about $150,000. Piedmont Investment Advisors LLC acquired a new position in shares of Wingstop in the third quarter valued at about $210,000. First Mercantile Trust Co. acquired a new position in shares of Wingstop in the fourth quarter valued at about $223,000. Fortaleza Asset Management Inc. increased its holdings in shares of Wingstop by 71.0% in the fourth quarter. Fortaleza Asset Management Inc. now owns 5,960 shares of the restaurant operator’s stock valued at $232,000 after purchasing an additional 2,475 shares during the period. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Wingstop in the second quarter valued at about $263,000.

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About Wingstop

Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.

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