Wingstop (NASDAQ:WING) Stock Price Down 3.8% - Should You Sell?

Wingstop Inc. (NASDAQ:WING - Get Free Report)'s share price traded down 3.8% on Monday . The stock traded as low as $319.20 and last traded at $315.75. 46,381 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 655,194 shares. The stock had previously closed at $328.21.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WING. Stephens restated an "overweight" rating and issued a $385.00 price objective on shares of Wingstop in a research report on Wednesday, May 14th. Guggenheim upped their price objective on Wingstop from $280.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, May 9th. William Blair started coverage on Wingstop in a research report on Wednesday, July 9th. They set an "outperform" rating on the stock. Gordon Haskett upgraded Wingstop to a "strong-buy" rating in a research report on Wednesday, April 30th. Finally, Truist Financial upgraded Wingstop from a "hold" rating to a "buy" rating and increased their target price for the stock from $274.00 to $400.00 in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $358.16.

Wingstop Stock Performance

The firm has a 50 day simple moving average of $332.77 and a two-hundred day simple moving average of $281.59. The stock has a market cap of $8.74 billion, a P/E ratio of 51.95, a P/E/G ratio of 4.59 and a beta of 1.84.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. The company had revenue of $171.09 million for the quarter, compared to the consensus estimate of $172.25 million. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. The company's quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. As a group, equities research analysts predict that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.34%. Wingstop's dividend payout ratio is 18.09%.

Insiders Place Their Bets

In related news, SVP Raj Kapoor sold 637 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the transaction, the senior vice president owned 517 shares of the company's stock, valued at approximately $141,177.19. The trade was a 55.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Skipworth sold 10,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total value of $3,373,400.00. Following the transaction, the chief executive officer directly owned 47,190 shares of the company's stock, valued at $15,919,074.60. This represents a 17.49% decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Wingstop

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 73 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Wingstop by 93.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 62 shares during the last quarter. Signaturefd LLC grew its position in Wingstop by 106.9% during the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock worth $34,000 after acquiring an additional 77 shares during the last quarter. Finally, True Wealth Design LLC lifted its holdings in Wingstop by 62.1% during the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock worth $40,000 after buying an additional 54 shares in 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.

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