Wingstop Inc. (NASDAQ: WING) Is Getting Increasingly Hard To Ignore


    The Vanguard Group, Inc. recently announced the acquisition of new stake in Wingstop Inc. (NASDAQ:WING). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.41% to 3.6 million shares with purchase of 14720.0 shares. This fresh investment now brings its stake to 12.18% valued currently at $439.53 million. In addition, Eagle Asset Management, Inc. raised its holdings by 0.64 million to 1.31 million shares. And Federated Global Investment Manag… has lifted its position by 5.42% or 60000.0 shares – to 1.17 million shares.

    With over 0.5 million Wingstop Inc. (WING) shares trading Thursday and a closing price of $141.54 on the day, the dollar volume was approximately $70.81 million. The shares have shown a positive weekly performance of 2.04% and its price on 07/02/20 lost nearly -1.22%. Currently, there are 29.49M common shares owned by the public and among those 29.44M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 20 analysts who have offered their price forecasts for WING have a consensus price objective of $133.13. The analysts have set the share’s price value over the next 12 months at a high of $150.00 and a low of $105.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Wingstop Inc. stock is 2.00 for the next 12 months. The average price target is -6.32% below its last price level and a downside to the estimated low will see the stock lose -34.8% over that period. But an upside of 5.64% will see the stock hit the forecast high price target while mean target price for the stock is $136.00.

    Insiders at the company have transacted a total of 72 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 80,131 shares. Insider sales of the common stock occurred on 39 occasions, with total insider shares sold totaling 94,487 shares.

    The top 3 mutual fund holders in Wingstop Inc. are iShares Core S&P Small Cap ETF, Alger Funds – Small Cap Focus Fun, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 1.76 million shares of the company’s stock, all valued at over $214.24 million. The company bought an additional 780.0 shares recently to bring their total holdings to about 5.94% of the shares outstanding. Alger Funds – Small Cap Focus Fun sold -0.24 million shares to see its total holdings shrink to 1.29 million shares valued at over $157.28 million and representing 4.36% of the shares outstanding. Vanguard Total Stock Market Index sold 8630.0 shares to bring its total holdings to over 0.84 million shares at a value of $102.96 million. Vanguard Total Stock Market Index now owns shares totaling to 2.85% of the shares outstanding.

    Shares of Wingstop Inc. (NASDAQ: WING) opened at $144.98, up $1.69 from a prior closing price of $143.29. However, the script later closed the day at $141.54, down -1.22%. The company’s stock has a 5-day price change of 2.04% and 77.93% over the past three months. WING shares are trading 64.14% year to date (YTD), with the 12-month market performance up to 48.44% higher. It has a 12-month low price of $44.27 and touched a high of $144.41 over the same period. Currently, 0.5 million shares have been traded, compared to an average intraday trading volume of 701.39K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.46%, 15.15%, and 49.18% respectively.

    Institutional ownership of Wingstop Inc. (NASDAQ: WING) shares accounts for 110.68% of the company’s 29.49M shares outstanding. Mutual fund holders own 42.62%, while other institutional holders and individual stakeholders account for 72.97% and 24.26% respectively.

    It has a market capitalization of $4.24B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 191.27, while the earnings-per-share (ttm) stands at $0.74. The company has a PEG of 9.78 and a Quick Ratio of 1.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.80% over the week and 4.60% over the month.

    Analysts forecast that Wingstop Inc. (WING) will achieve an EPS of $0.28 for the current quarter, $0.26 for the next quarter and $1.23 for 2021. The lowest estimate earnings-per-share for the quarter is $0.22 while analysts give the company a high EPS estimate of $0.38. Comparatively, EPS for the current quarter was $0.17 a year ago. Earnings per share for the fiscal year are expected to decrease by -6.00%, and 18.34% over the next financial year. EPS should grow at an annualized rate of 19.55% over the next five years, compared to 17.00% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 20 brokerage firm advisors rate Wingstop Inc. (WING) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 7 of the 20 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the WING, a number of firms have released research notes about the stock. Northcoast stated their Buy rating for the stock in a research note on January 28, 2020, with the firm’s price target at $122. Jefferies coverage for the Wingstop Inc. (WING) stock in a research note released on January 07, 2020 offered a Hold rating with a price target of $83. Wedbush was of a view on January 03, 2020 that the stock is Outperform, while BTIG Research gave the stock Buy rating on December 03, 2019 . Robert W. Baird on their part issued Outperform rating on November 25, 2019.


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