Wingstop (NASDAQ:WING) Shares Gap Down - Should You Sell?

Wingstop Inc. (NASDAQ:WING - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $368.94, but opened at $315.25. Wingstop shares last traded at $299.39, with a volume of 546,176 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WING shares. Citigroup raised their price objective on Wingstop from $417.00 to $440.00 and gave the stock a "neutral" rating in a research note on Friday, October 4th. The Goldman Sachs Group increased their price target on Wingstop from $407.00 to $458.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. Morgan Stanley boosted their price objective on Wingstop from $390.00 to $400.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 16th. Stephens reiterated an "overweight" rating and issued a $490.00 target price on shares of Wingstop in a report on Thursday, October 24th. Finally, Barclays raised their price objective on shares of Wingstop from $418.00 to $425.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Wingstop currently has a consensus rating of "Hold" and a consensus target price of $382.88.

Wingstop Stock Performance

The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 103.20, a price-to-earnings-growth ratio of 3.41 and a beta of 1.71. The firm's 50 day moving average is $392.16 and its 200-day moving average is $388.27.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The company had revenue of $155.70 million during the quarter, compared to analysts' expectations of $146.04 million. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The business's quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share. As a group, research analysts predict that Wingstop Inc. will post 3.81 EPS for the current year.

Insider Buying and Selling

In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares in the company, valued at $36,152.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.36% of the company's stock.

Hedge Funds Weigh In On Wingstop

A number of institutional investors have recently made changes to their positions in the business. Pittenger & Anderson Inc. grew its holdings in Wingstop by 100.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 490 shares of the restaurant operator's stock valued at $204,000 after buying an additional 245 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Wingstop by 64.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,741 shares of the restaurant operator's stock valued at $1,557,000 after acquiring an additional 1,462 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Wingstop by 34.9% in the third quarter. Harbor Capital Advisors Inc. now owns 12,175 shares of the restaurant operator's stock worth $5,066,000 after acquiring an additional 3,147 shares during the last quarter. Farther Finance Advisors LLC increased its position in Wingstop by 942.3% during the third quarter. Farther Finance Advisors LLC now owns 271 shares of the restaurant operator's stock worth $113,000 after acquiring an additional 245 shares during the period. Finally, Stephens Inc. AR raised its stake in Wingstop by 3.9% during the 3rd quarter. Stephens Inc. AR now owns 1,873 shares of the restaurant operator's stock valued at $779,000 after purchasing an additional 71 shares during the last quarter.

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.