Wingstop (NASDAQ:WING) Shares Down 3.8% – Time to Sell?

Wingstop Inc. (NASDAQ:WING)’s share price was down 3.8% during mid-day trading on Wednesday . The company traded as low as $154.36 and last traded at $156.5060. Approximately 102,610 shares changed hands during trading, a decline of 91% from the average daily volume of 1,138,266 shares. The stock had previously closed at $162.73.

Analyst Ratings Changes

A number of research analysts have weighed in on WING shares. Stifel Nicolaus cut their price objective on shares of Wingstop from $325.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Raymond James Financial upgraded shares of Wingstop from an “outperform” rating to a “strong-buy” rating and cut their price objective for the company from $325.00 to $240.00 in a research report on Thursday, April 2nd. BNP Paribas Exane started coverage on shares of Wingstop in a research report on Monday, March 30th. They set an “outperform” rating and a $275.00 price objective on the stock. BTIG Research reiterated a “buy” rating and set a $305.00 price objective on shares of Wingstop in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group cut shares of Wingstop from a “buy” rating to a “neutral” rating and cut their price objective for the company from $290.00 to $190.00 in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $268.70.

Wingstop Price Performance

The stock’s fifty day moving average price is $157.12 and its 200 day moving average price is $211.36. The stock has a market capitalization of $4.27 billion, a P/E ratio of 39.13, a PEG ratio of 1.85 and a beta of 1.82.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $183.73 million for the quarter, compared to analysts’ expectations of $187.82 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. On average, sell-side analysts expect that Wingstop Inc. will post 4.59 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were issued a $0.30 dividend. The ex-dividend date 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 is presently 29.85%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vident Advisory LLC grew its holdings in shares of Wingstop by 3.9% in the fourth quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock worth $229,000 after purchasing an additional 36 shares during the last quarter. Allworth Financial LP grew its holdings in Wingstop by 17.3% during the 3rd quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock worth $67,000 after acquiring an additional 39 shares in the last quarter. YANKCOM Partnership grew its holdings in Wingstop by 10.1% during the 4th quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock worth $102,000 after acquiring an additional 39 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Wingstop by 1.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock worth $627,000 after acquiring an additional 45 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Wingstop by 1.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,672 shares of the restaurant operator’s stock worth $879,000 after acquiring an additional 59 shares in the last quarter.

About Wingstop

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.