Wingstop Inc. (NASDAQ:WING) closed Thursday at $201.10 per share, down from $205.92 a day earlier. While Wingstop Inc. has underperformed by -2.34%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WING rose by 191.24%, with highs and lows ranging from $223.77 to $68.89, whereas the simple moving average jumped by 27.05% in the last 200 days.
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Analysis of Wingstop Inc. (WING)
The current dividend for WING investors is set at $0.76 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 42.70%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Wingstop Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -15.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.10, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and WING is recording an average volume of 585.99K. On a monthly basis, the volatility of the stock is set at 3.51%, whereas on a weekly basis, it is put at 2.89%, with a loss of -1.47% over the past seven days. Furthermore, long-term investors anticipate a median target price of $212.56, showing growth from the present price of $201.10, 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?
Wingstop Inc. (WING) is based in the USA and is one of the most prominent companies operating in the Restaurants 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 100.60, there is a growth in quarterly earnings of 80.30%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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. As opposed to executive stock, institutional ownership accounts for 117.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
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. BlackRock Fund Advisors’s position in WING has increased by 0.34% in the first quarter. The company now owns 3,119,659 shares of the stock, with a value of $624.27 million, following the purchase of 10,528 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in WING during the first quarter, upping its stake by 1.34%. During the last quarter, the company dropped down 38,335 additional shares for a total stake of worth $578.32 million, bringing number of shares owned by the company to 2,889,994.
During the first quarter, Wellington Management Co. LLP subtracted a -457,126 position in WING. American Century Investment Manag sold an additional -0.87 million shares in the last quarter, decreasing its holdings by -42.94%, now holding 1.16 million shares worth $232.31 million. At the end of the first quarter, AllianceBernstein LP increased its WING holdings by 26.98% and now holds 1.14 million WING shares valued at $228.52 million with the added 0.24 million shares during the period. WING shares are owned by institutional investors to the tune of 117.50% at present.
