Wingstop Inc. (NASDAQ:WING - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $218.50 and last traded at $219.70, with a volume of 20479 shares. The stock had previously closed at $224.29.
Analyst Upgrades and Downgrades
WING has been the subject of several recent analyst reports. UBS Group decreased their price target on Wingstop from $330.00 to $300.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. BMO Capital Markets decreased their price target on Wingstop from $335.00 to $300.00 and set a "market perform" rating for the company in a research note on Thursday, February 20th. Guggenheim upgraded Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 price target for the company in a research note on Monday, February 24th. The Goldman Sachs Group upgraded Wingstop from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $458.00 to $377.00 in a research note on Friday, November 8th. Finally, Stephens restated an "overweight" rating and issued a $450.00 price target on shares of Wingstop in a research note on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $357.67.
Get Our Latest Stock Report on WING
Wingstop Stock Up 4.0 %
The firm has a 50 day moving average price of $277.81 and a 200 day moving average price of $331.44. The stock has a market cap of $6.51 billion, a P/E ratio of 61.22, a P/E/G ratio of 2.27 and a beta of 1.81.
Wingstop Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, March 7th. Wingstop's dividend payout ratio (DPR) is currently 29.11%.
Wingstop declared that its board has approved a stock repurchase program on Thursday, December 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to buy up to 5.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.
Insider Transactions at Wingstop
In related news, SVP Raj Kapoor sold 266 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $324.38, for a total transaction of $86,285.08. Following the completion of the sale, the senior vice president now owns 266 shares in the company, valued at approximately $86,285.08. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company's stock.
Institutional Investors Weigh In On Wingstop
A number of institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of Wingstop by 942.3% during the 3rd 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 last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Wingstop by 64.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,741 shares of the restaurant operator's stock worth $1,557,000 after acquiring an additional 1,462 shares during the last quarter. Summit Global Investments bought a new stake in shares of Wingstop during the 3rd quarter worth approximately $3,334,000. Capital Performance Advisors LLP bought a new stake in shares of Wingstop during the 3rd quarter worth approximately $179,000. Finally, Hollencrest Capital Management lifted its stake in shares of Wingstop by 53.8% during the 3rd quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator's stock worth $42,000 after acquiring an additional 35 shares during the last quarter.
About Wingstop
(
Get Free Report)
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.
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