Wingstop (NASDAQ:WING) Sets New 52-Week Low - What's Next?

Shares of Wingstop Inc. (NASDAQ:WING - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $204.00 and last traded at $205.40, with a volume of 262439 shares trading hands. The stock had previously closed at $218.84.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WING. Stephens reiterated an "overweight" rating and issued a $450.00 price target on shares of Wingstop in a research report on Wednesday, February 19th. Barclays lowered their target price on shares of Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a report on Tuesday. Robert W. Baird cut their price target on shares of Wingstop from $375.00 to $350.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Benchmark decreased their price objective on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Stifel Nicolaus dropped their price objective on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $334.13.

Wingstop Stock Performance

The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 61.27, a P/E/G ratio of 2.27 and a beta of 2.02. The business's 50-day simple moving average is $226.11 and its 200-day simple moving average is $284.91.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, March 7th. Wingstop's dividend payout ratio (DPR) is currently 29.11%.

Institutional Trading of Wingstop

Large investors have recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in shares of Wingstop during the fourth quarter worth $10,177,000. SG Americas Securities LLC boosted its position in shares of Wingstop by 277.5% during the fourth quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator's stock worth $1,356,000 after buying an additional 3,507 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in shares of Wingstop by 779.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator's stock worth $5,247,000 after buying an additional 16,361 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Wingstop by 475.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator's stock worth $19,676,000 after buying an additional 57,193 shares in the last quarter. Finally, Versor Investments LP raised its position in Wingstop by 149.0% in the 4th quarter. Versor Investments LP now owns 5,309 shares of the restaurant operator's stock valued at $1,509,000 after buying an additional 3,177 shares during the last quarter.

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.