Wingstop (NASDAQ:WING) Stock Price Down 2.9%

Wingstop Inc. (NASDAQ:WING - Get Free Report) was down 2.9% on Tuesday . The company traded as low as $352.61 and last traded at $352.61. Approximately 63,684 shares changed hands during trading, a decline of 86% from the average daily volume of 465,216 shares. The stock had previously closed at $363.32.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WING shares. BMO Capital Markets boosted their price target on Wingstop from $235.00 to $275.00 and gave the stock a "market perform" rating in a research report on Thursday, February 22nd. Truist Financial reiterated a "hold" rating and set a $292.00 price target on shares of Wingstop in a research note on Monday, April 1st. Robert W. Baird boosted their price target on Wingstop from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Stifel Nicolaus boosted their price target on Wingstop from $270.00 to $330.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Finally, Sanford C. Bernstein assumed coverage on Wingstop in a research note on Wednesday, February 14th. They set an "outperform" rating and a $340.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $260.11.

Wingstop Stock Down 2.5 %

The company has a market cap of $10.41 billion, a PE ratio of 150.78, a P/E/G ratio of 6.24 and a beta of 1.68. The business has a 50-day simple moving average of $337.10 and a 200-day simple moving average of $265.43.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The company had revenue of $127.06 million for the quarter, compared to the consensus estimate of $120.47 million. During the same quarter in the prior year, the business posted $0.60 earnings per share. Wingstop's revenue for the quarter was up 21.2% on a year-over-year basis. On average, research analysts forecast that Wingstop Inc. will post 2.98 EPS for the current fiscal year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.25%. Wingstop's payout ratio is currently 37.45%.

Insider Buying and Selling at Wingstop

In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the transaction, the chief executive officer now owns 17,107 shares of the company's stock, valued at $5,771,901.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Marisa Carona sold 2,586 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the sale, the senior vice president now owns 1,646 shares of the company's stock, valued at $612,246.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the sale, the chief executive officer now directly owns 17,107 shares of the company's stock, valued at approximately $5,771,901.80. The disclosure for this sale can be found here. Insiders sold 14,901 shares of company stock valued at $5,120,605 over the last quarter. 0.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wingstop

Several hedge funds and other institutional investors have recently made changes to their positions in WING. McGlone Suttner Wealth Management Inc. purchased a new position in Wingstop in the fourth quarter worth approximately $28,000. Rise Advisors LLC purchased a new position in Wingstop in the first quarter worth approximately $29,000. Public Employees Retirement System of Ohio grew its position in Wingstop by 39.9% in the third quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator's stock worth $35,000 after acquiring an additional 79 shares during the period. Headlands Technologies LLC purchased a new position in Wingstop in the third quarter worth approximately $38,000. Finally, FSC Wealth Advisors LLC purchased a new position in Wingstop in the fourth quarter worth approximately $39,000.

About Wingstop

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.