Wingstop (NASDAQ:WING) Hits New 1-Year Low – Time to Sell?

Wingstop Inc. (NASDAQ:WING) shares hit a new 52-week low on Tuesday . The stock 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.

Wall Street Analyst Weigh In

WING has been the topic of several research analyst reports. Stephens reissued an “overweight” rating and issued a $450.00 price objective on shares of Wingstop in a research report on Wednesday, February 19th. UBS Group dropped their price objective on shares of Wingstop from $330.00 to $300.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Guggenheim upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 price target on the stock in a research note on Monday, February 24th. TD Securities decreased their price target on shares of Wingstop from $365.00 to $305.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. 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 note on Thursday, February 20th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $357.67.

Wingstop Trading Down 3.1 %

The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 55.92, a P/E/G ratio of 2.27 and a beta of 1.88. The firm’s 50-day moving average is $267.64 and its 200-day moving average is $322.00.

Wingstop Dividend Announcement

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

Wingstop announced that its board has approved a share buyback program on Thursday, December 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the restaurant operator to purchase up to 5.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Wingstop

A number of hedge funds have recently made changes to their positions in WING. Centaurus Financial Inc. raised its stake in Wingstop by 11.9% in the 4th quarter. Centaurus Financial Inc. now owns 4,148 shares of the restaurant operator’s stock valued at $1,179,000 after acquiring an additional 442 shares during the period. Vise Technologies Inc. grew its holdings in shares of Wingstop by 57.1% during the fourth quarter. Vise Technologies Inc. now owns 949 shares of the restaurant operator’s stock worth $270,000 after purchasing an additional 345 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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 in the last quarter. Twinbeech Capital LP boosted its stake in 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 in the last quarter. Finally, Tidal Investments LLC boosted its stake in 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 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.