Wingstop (NASDAQ:WING) Reaches New 12-Month Low – Here’s Why

Wingstop Inc. (NASDAQ:WING)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $207.13 and last traded at $209.69, with a volume of 27903 shares trading hands. The stock had previously closed at $214.16.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stephens restated an “overweight” rating and set a $450.00 target price on shares of Wingstop in a report on Wednesday, February 19th. BMO Capital Markets decreased their target price on Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a report on Thursday, February 20th. Northcoast Research downgraded Wingstop from a “buy” rating to a “neutral” rating in a report on Friday, February 21st. Stifel Nicolaus decreased their price objective on Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, TD Securities decreased their price objective on Wingstop from $365.00 to $305.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $357.67.

Wingstop Price Performance

The company has a market capitalization of $5.95 billion, a PE ratio of 55.92, a PEG ratio of 2.27 and a beta of 1.88. The firm has a 50-day moving average of $267.64 and a 200 day moving average of $322.00.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.52%. Wingstop’s payout ratio is 29.11%.

Wingstop declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Centaurus Financial Inc. boosted its position in Wingstop by 11.9% in the fourth quarter. Centaurus Financial Inc. now owns 4,148 shares of the restaurant operator’s stock worth $1,179,000 after purchasing an additional 442 shares during the last quarter. Vise Technologies Inc. raised its stake in shares of Wingstop by 57.1% in the fourth quarter. Vise Technologies Inc. now owns 949 shares of the restaurant operator’s stock worth $270,000 after buying an additional 345 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Wingstop by 15.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,502 shares of the restaurant operator’s stock worth $24,868,000 after buying an additional 11,577 shares during the period. Twinbeech Capital LP raised its stake in shares of Wingstop by 130.5% in the fourth quarter. Twinbeech Capital LP now owns 36,202 shares of the restaurant operator’s stock worth $10,289,000 after buying an additional 20,493 shares during the period. Finally, Tidal Investments LLC raised its stake in shares of Wingstop by 4.9% in the fourth quarter. Tidal Investments LLC now owns 795 shares of the restaurant operator’s stock worth $226,000 after buying 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.