In Thursday’s session, Wingstop Inc. (NASDAQ:WING) marked $132.31 per share, down from $136.50 in the previous session. While Wingstop Inc. has underperformed by -3.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WING fell by -18.69%, with highs and lows ranging from $170.87 to $67.67, whereas the simple moving average jumped by 11.93% in the last 200 days.
On October 20, 2022, Truist Downgraded Wingstop Inc. (NASDAQ: WING) to Hold. A report published by Stephens on September 23, 2022, Initiated its previous ‘Overweight’ rating for WING. Stifel also Downgraded WING shares as ‘Hold’, setting a target price of $120 on the company’s shares in a report dated July 29, 2022. Piper Sandler Reiterated the rating as Underweight on June 21, 2022, but set its price target from $85 to $70. Citigroup initiated its ‘Buy’ rating for WING, as published in its report on April 12, 2022. Piper Sandler’s report from March 18, 2022 suggests a price prediction of $102 for WING shares, giving the stock a ‘Underweight’ rating. Northcoast also rated the stock as ‘Buy’.
Analysis of Wingstop Inc. (WING)
With WING’s current dividend of $0.76 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 40.90%, showing a positive trend in the upcoming months.
Wingstop Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -10.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.70, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and WING has an average volume of 677.27K. On a monthly basis, the volatility of the stock is set at 4.88%, whereas on a weekly basis, it is put at 5.12%, with a loss of -6.72% over the past seven days. Furthermore, long-term investors anticipate a median target price of $160.26, showing growth from the present price of $132.31, which can serve as yet another indication of whether WING is worth investing in or should be passed over.
How Do You Analyze Wingstop Inc. Shares?
Restaurants giant Wingstop Inc. (WING) is based in the USA and is one of the largest companies in the market. When comparing Wingstop Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 93.84, there is a growth in quarterly earnings of 18.40%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.10%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in WING shares?
The recent increase in stakes in WING appears to be a result of several institutional investors and hedge funds increasing their positions. Wellington Management Co. LLP’s position in WING has increased by 6.02% in the first quarter. The company now owns 3,071,141 shares of the stock, with a value of $508.3 million, following the purchase of 174,264 additional shares during the last quarter. BlackRock Fund Advisors made another decreased to its shares in WING during the first quarter, downing its stake by -2.95%. During the last quarter, the company dropped down -92,608 additional shares for a total stake of worth $503.87 million, bringing number of shares owned by the company to 3,044,376.
During the first quarter, T. Rowe Price Associates, Inc. subtracted a -486,303 position in WING. The Vanguard Group, Inc. purchased an additional 4484.0 shares in the last quarter, increasing its holdings by 0.16%, now holding 2.75 million shares worth $455.76 million. At the end of the first quarter, American Century Investment Manag decreased its WING holdings by -5.10% and now holds 2.17 million WING shares valued at $359.93 million with the lessened -0.12 million shares during the period.