Wingstop (NASDAQ:WING) Trading Down 5.8% – What’s Next?

Wingstop Inc. (NASDAQ:WINGGet Free Report) shares traded down 5.8% during mid-day trading on Tuesday . The company traded as low as $144.51 and last traded at $145.1410. Approximately 140,125 shares changed hands during trading, a decline of 88% from the average daily volume of 1,143,777 shares. The stock had previously closed at $154.06.

Wall Street Analysts Forecast Growth

WING has been the topic of several research analyst reports. Guggenheim lowered their target price on shares of Wingstop from $255.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Stifel Nicolaus cut their target price on shares of Wingstop from $325.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. UBS Group reduced their price target on shares of Wingstop from $210.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, June 9th. Mizuho set a $280.00 price objective on shares of Wingstop in a report on Friday, June 5th. Finally, Barclays cut their price objective on Wingstop from $330.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Wingstop has an average rating of “Moderate Buy” and a consensus target price of $261.19.

View Our Latest Analysis on Wingstop

Wingstop Price Performance

The company has a market cap of $4.06 billion, a P/E ratio of 37.14, a PEG ratio of 1.84 and a beta of 1.79. The firm’s 50-day moving average is $150.04 and its two-hundred day moving average is $199.25.

Wingstop (NASDAQ:WINGGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The business had revenue of $183.72 million during the quarter, compared to analyst estimates of $187.82 million. During the same quarter last year, the business earned $0.99 earnings per share. Wingstop’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that Wingstop Inc. will post 4.57 EPS for the current year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. Wingstop’s dividend payout ratio (DPR) is presently 29.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WING. Lone Pine Capital LLC purchased a new stake in Wingstop during the third quarter valued at approximately $375,317,000. Carnegie Investment Counsel boosted its holdings in shares of Wingstop by 32.4% in the 1st quarter. Carnegie Investment Counsel now owns 68,489 shares of the restaurant operator’s stock worth $10,614,000 after purchasing an additional 16,764 shares during the period. SG Americas Securities LLC increased its position in shares of Wingstop by 553.3% during the 4th quarter. SG Americas Securities LLC now owns 41,349 shares of the restaurant operator’s stock valued at $9,861,000 after purchasing an additional 35,020 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of Wingstop by 113.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 11,800 shares of the restaurant operator’s stock valued at $2,814,000 after purchasing an additional 6,280 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Wingstop during the 3rd quarter valued at approximately $10,757,000.

About Wingstop

(Get Free Report)

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.

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