Wingstop (NASDAQ:WING) Sets New 1-Year Low – What’s Next?

Wingstop Inc. (NASDAQ:WING)’s stock price hit a new 52-week low on Monday . The stock traded as low as $207.53 and last traded at $213.97, with a volume of 581849 shares traded. The stock had previously closed at $227.12.

Analyst Ratings Changes

Several brokerages have recently issued reports on WING. Northcoast Research lowered shares of Wingstop from a “buy” rating to a “neutral” rating in a research note on Friday, February 21st. Benchmark lowered their target price on shares of Wingstop from $340.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Morgan Stanley cut their price target on Wingstop from $389.00 to $375.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. UBS Group decreased their price objective on Wingstop from $330.00 to $300.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Finally, Barclays cut their target price on Wingstop from $359.00 to $315.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Wingstop has an average rating of “Moderate Buy” and an average target price of $357.67.

Wingstop Trading Up 2.8 %

The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 59.12, a P/E/G ratio of 2.27 and a beta of 1.88. The company has a 50 day simple moving average of $272.47 and a 200-day simple moving average of $326.37.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, March 7th. Wingstop’s dividend payout ratio is presently 29.11%.

Wingstop announced that its board has approved a stock buyback plan on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, SVP Raj Kapoor sold 266 shares of Wingstop stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $324.38, for a total value of $86,285.08. Following the sale, the senior vice president now owns 266 shares of the company’s stock, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC acquired a new stake in shares of Wingstop in the 3rd quarter valued at approximately $36,000. EverSource Wealth Advisors LLC lifted its stake in Wingstop by 521.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 35 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Wingstop during the 4th quarter worth about $30,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 37 shares during the period.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.