As of Friday close, Wingstop Inc.’s (NASDAQ:WING) stock was up $1.47, moving up 0.89 percent to $166.05. The average number of shares traded per day over the past five days has been 594,380 shares. 3 times new highs have been achieved over the past 5 days, with a $3.46 gain in that time frame. In the last twenty days, the average volume was 656,780, while in the previous 50 days, it was 617,588.
Since last month, WING stock retreated -10.47%. Shares of the company fell to $160.05 on 08/02/23, the lowest level in the past month. A 52-week high of $223.77 was reached on 05/04/23 after having rallying from a 52-week low of $108.34. Since the beginning of this year, WING’s stock price has risen by 20.66% or $28.43, and marked a new high 19 times. However, the stock has declined by -25.79% since its 52-week high.
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WING stock investors should be aware that Wingstop Inc. (WING) stock had its last reported insider trading activity 106 days ago on May 05. Skipworth Michael, the President and CEO of the company, disposed of 4,910 shares for $208.21 on May 05. It resulted in a $1,022,311 divestment by the insider. MCDONALD WESLEY S sold 1,500 shares at an average price of $206.65 on May 05. The insider now owns 5,310 shares following the transaction. On Mar 03, Director Anand Krishnan sold 862 shares at $173.21 apiece. The transaction was valued at $149,311.
Valuation Metrics
Right now, Wingstop Inc. (WING) has a P/E ratio of about 79.34. The stock’s beta is 1.51.
The latest dividend of $0.22 per share was paid out, which is 15.79% more than last year’s $0.19. On Tuesday August 1 2023, a $0.03 dividend increase was announced.
Financial Health
In the three months ended June 29, Wingstop Inc.’s quick ratio stood at 4.10, while its current ratio was 4.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 84.00% percent. In the year ended June 29, EBITDA margin amounted to 29.17%, whereas operating margins totaled 25.40%. Based on annual data, WING earned $294.13 million in gross profit and brought in $357.52 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.10%. Return on equity (ROE) for the past 12 months was -16.30%.
In Wingstop Inc.’s quarter-end financial report for June 29, it reported total debt of $711.41 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WING’s revenue rose 21.83% to $108.72 million during the quarter, while net income inched up to $107.17 million. While analysts expected Wingstop Inc. to report $0.51 quarterly earnings, the actual figure was $0.57 per share, beating the consensus estimate by 11.80%. During the quarter, the company generated $30.18 million in EBITDA. The liabilities of Wingstop Inc. were 816.57 million at the end of its most recent quarter ended June 29, and its total debt was $726.33 million. The value of shareholders’ equity is $29.98 million.
Technical Picture
This quick technical analysis looks at Wingstop Inc.’s (WING) price momentum. With a historical volatility rate of 21.40%, the RSI 9-day stood at 43.37% on 18 August.
With respect to its five-day moving average, the current Wingstop Inc. price is up by +2.13% percent or $3.46. At present, WING shares trade -10.62% below its 20-day simple moving average and -8.82% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.32% below its SMA50 and +4.84% above its SMA200.
Stochastic coefficient K was 33.84% and Stochastic coefficient D was 24.96%, while ATR was 4.80. Given the Stochastic reading of 47.06% for the 14-day period, the RSI (14) reading has been calculated as 38.95%. As of today, the MACD Oscillator reading stands at 1.07, while the 14-day reading stands at -0.15.
Analyst Ratings
The Benchmark Company upgraded its rating on Wingstop Inc. (NASDAQ: WING) to a Buy in a note to investors on August 03, 2023. The analysts firm previously had a Hold rating on the stock.Wingstop Inc. (WING) has been rated Hold by analysts. According to 1 brokerage firm, WING is a sell, and 14 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Wingstop Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $190.00, the current consensus forecast for the stock is $150.00 – $240.00. Based on these forecasts, analysts predict Wingstop Inc. (WING) will achieve an average price target of $197.56.
