Wingstop (NASDAQ:WING) Trading Down 2.2%

Shares of Wingstop Inc. (NASDAQ:WING) traded down 2.2% during mid-day trading on Friday . The stock traded as low as $415.00 and last traded at $417.20. 53,916 shares traded hands during trading, a decline of 88% from the average session volume of 440,556 shares. The stock had previously closed at $426.46.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BMO Capital Markets raised their price objective on shares of Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. The Goldman Sachs Group raised their price objective on shares of Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Morgan Stanley raised their target price on shares of Wingstop from $390.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th. Raymond James raised shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Thursday, August 1st. Finally, Wedbush raised their target price on shares of Wingstop from $425.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $379.53.

Wingstop Stock Down 3.5 %

The business’s 50 day moving average is $386.73 and its 200-day moving average is $383.79. The firm has a market capitalization of $12.06 billion, a P/E ratio of 146.42, a PEG ratio of 4.26 and a beta of 1.71.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $146.04 million. During the same period last year, the firm posted $0.57 earnings per share. The firm’s quarterly revenue was up 45.3% compared to the same quarter last year. Research analysts forecast that Wingstop Inc. will post 3.78 EPS for the current fiscal year.

Wingstop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $0.27 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a yield of 0.26%. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s dividend payout ratio (DPR) is currently 38.43%.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the sale, the senior vice president now owns 97 shares in the company, valued at $36,152.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Wingstop

A number of hedge funds have recently added to or reduced their stakes in WING. Vanguard Group Inc. lifted its holdings in shares of Wingstop by 3.7% during the first quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock worth $1,071,473,000 after purchasing an additional 104,780 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Wingstop by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock worth $833,026,000 after purchasing an additional 101,917 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Wingstop by 36.6% during the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock worth $254,860,000 after purchasing an additional 161,600 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Wingstop by 2.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 600,905 shares of the restaurant operator’s stock worth $253,979,000 after purchasing an additional 16,526 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Wingstop by 284.1% during the second quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator’s stock worth $161,957,000 after purchasing an additional 283,412 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.