Wingstop (NASDAQ:WING) Reaches New 1-Year Low – Time to Sell?

Shares of Wingstop Inc. (NASDAQ:WING) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $192.48 and last traded at $190.27, with a volume of 40910 shares changing hands. The stock had previously closed at $198.08.

Wall Street Analyst Weigh In

Several equities analysts have commented on WING shares. Wall Street Zen downgraded shares of Wingstop from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Royal Bank Of Canada reduced their target price on Wingstop from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. TD Cowen reaffirmed a “hold” rating and set a $285.00 target price on shares of Wingstop in a research report on Wednesday, February 18th. Benchmark reiterated a “buy” rating on shares of Wingstop in a report on Thursday, February 19th. Finally, Stephens reissued an “overweight” rating and issued a $375.00 price target on shares of Wingstop in a research report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $337.29.

Wingstop Trading Down 3.5%

The firm has a 50-day moving average of $253.36 and a two-hundred day moving average of $254.33. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.17 and a beta of 1.82.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The firm had revenue of $175.69 million for the quarter, compared to analyst estimates of $177.74 million. During the same quarter last year, the firm posted $0.92 EPS. The company’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. Wingstop’s payout ratio is 19.42%.

Insider Buying and Selling at Wingstop

In other news, Director Wesley S. Mcdonald sold 566 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $250.00, for a total transaction of $141,500.00. Following the transaction, the director owned 4,375 shares in the company, valued at approximately $1,093,750. The trade was a 11.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 transaction, the director directly owned 2,583 shares of the company’s stock, valued at $673,465.59. This represents a 51.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wingstop

Institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its stake in Wingstop by 175.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 521 shares of the restaurant operator’s stock valued at $124,000 after acquiring an additional 332 shares during the period. Corient Private Wealth LLC lifted its position in shares of Wingstop by 32.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,220 shares of the restaurant operator’s stock worth $529,000 after acquiring an additional 549 shares during the period. Pacer Advisors Inc. lifted its position in shares of Wingstop by 59.2% in the 4th quarter. Pacer Advisors Inc. now owns 5,940 shares of the restaurant operator’s stock worth $1,417,000 after acquiring an additional 2,210 shares during the period. Virtu Financial LLC acquired a new stake in shares of Wingstop during the 4th quarter worth approximately $603,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Wingstop during the fourth quarter valued at approximately $63,000.

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.