Wingstop (NASDAQ:WING) Trading 4.9% Higher – Should You Buy?

Wingstop Inc. (NASDAQ:WING) shares rose 4.9% on Thursday . The company traded as high as $230.57 and last traded at $231.13. Approximately 104,012 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 535,060 shares. The stock had previously closed at $220.37.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stephens reiterated an “overweight” rating and issued a $450.00 price objective on shares of Wingstop in a report on Wednesday, February 19th. Benchmark decreased their price target 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. Stifel Nicolaus cut their price objective on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Wedbush decreased their target price on Wingstop from $390.00 to $355.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, BMO Capital Markets dropped their price target on Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a report on Thursday, February 20th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $353.68.

Wingstop Trading Down 2.3 %

The company has a market cap of $6.25 billion, a P/E ratio of 60.38, a price-to-earnings-growth ratio of 2.27 and a beta of 1.88. The company has a 50 day moving average price of $257.45 and a 200-day moving average price of $313.00.

Wingstop Announces Dividend

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

Wingstop declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the restaurant operator to purchase up to 5.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Wingstop

Hedge funds and other institutional investors have recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in shares of Wingstop during the third quarter valued at about $36,000. EverSource Wealth Advisors LLC raised its holdings in 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 buying an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted 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 buying an additional 35 shares during the period. SBI Securities Co. Ltd. bought a new stake in Wingstop during the 4th quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC increased its position in Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 37 shares during the period.

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.