Wingstop (NASDAQ:WING) Stock Price Down 4.8% - Here's Why

Wingstop Inc. (NASDAQ:WING - Get Free Report)'s stock price fell 4.8% during trading on Thursday . The stock traded as low as $359.85 and last traded at $362.56. 327,518 shares traded hands during trading, a decline of 48% from the average session volume of 631,360 shares. The stock had previously closed at $381.00.

Analyst Ratings Changes

Several brokerages recently issued reports on WING. UBS Group reduced their price target on shares of Wingstop from $300.00 to $255.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Cowen reiterated a "buy" rating on shares of Wingstop in a research report on Thursday, May 1st. Barclays reduced their price target on shares of Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Gordon Haskett upgraded shares of Wingstop to a "strong-buy" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley reduced their price target on shares of Wingstop from $389.00 to $375.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $350.96.

Wingstop Stock Performance

The company has a market capitalization of $9.88 billion, a P/E ratio of 95.43, a P/E/G ratio of 2.27 and a beta of 1.88. The business's fifty day simple moving average is $289.26 and its 200-day simple moving average is $277.90.

Wingstop (NASDAQ:WING - Get Free Report) last issued 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. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The business had revenue of $171.09 million during the quarter, compared to analysts' expectations of $172.25 million. During the same period last year, the company posted $0.98 EPS. The business's revenue was up 17.4% on a year-over-year basis. As a group, analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.31%. Wingstop's dividend payout ratio is presently 18.09%.

Insider Buying and Selling at Wingstop

In related news, SVP Raj Kapoor sold 637 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were 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 now owns 517 shares in the company, valued at $141,177.19. The trade was a 55.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Skipworth sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the transaction, the chief executive officer now owns 47,190 shares of the company's stock, valued at approximately $15,919,074.60. This trade represents a 17.49% decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WING. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Wingstop by 14.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,170 shares of the restaurant operator's stock worth $901,000 after acquiring an additional 400 shares during the period. V Square Quantitative Management LLC lifted its holdings in Wingstop by 34.9% during the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 37 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Wingstop by 5.6% during the fourth quarter. New York State Teachers Retirement System now owns 35,752 shares of the restaurant operator's stock valued at $10,161,000 after purchasing an additional 1,893 shares in the last quarter. Blue Trust Inc. raised its position in shares of Wingstop by 103.2% in the fourth quarter. Blue Trust Inc. now owns 256 shares of the restaurant operator's stock valued at $73,000 after buying an additional 130 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Wingstop by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 897 shares of the restaurant operator's stock valued at $255,000 after buying an additional 47 shares during 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.