Wingstop (NASDAQ:WING) Shares Gap Down – What’s Next?

Wingstop Inc. (NASDAQ:WING) shares gapped down before the market opened on Tuesday . The stock had previously closed at $281.75, but opened at $265.22. Wingstop shares last traded at $265.78, with a volume of 192,554 shares.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WING shares. 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 report on Friday, January 9th. BTIG Research reduced their target price on Wingstop from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. The Goldman Sachs Group lowered their target price on Wingstop from $370.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a report on Wednesday, November 5th. Finally, Wall Street Zen lowered Wingstop from a “hold” rating to a “sell” rating in a research note on Saturday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $338.93.

Wingstop Stock Performance

The company’s fifty day moving average price is $261.33 and its two-hundred day moving average price is $271.92. The firm has a market capitalization of $7.47 billion, a PE ratio of 43.69, a price-to-earnings-growth ratio of 3.31 and a beta of 1.80.

Insider Buying and Selling

In other news, Director Kilandigalu Madati sold 269 shares of the firm’s stock in a transaction dated 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 directly owned 5,283 shares in the company, valued at $1,373,421.51. This trade represents a 4.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC raised its stake in shares of Wingstop by 1,650.0% in 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 period. SBI Securities Co. Ltd. raised its position in Wingstop by 76.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 60 shares during the period. Rakuten Securities Inc. raised its position in Wingstop by 197.9% in the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 95 shares during the period. Quaker Wealth Management LLC lifted its stake 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 in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its position 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 buying an additional 50 shares during the period.

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.