Wingstop Inc. (NASDAQ: WING) stock jumped 2.11% on Monday to $173.96 against a previous-day closing price of $170.36. With 0.95 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.63 million shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $175.26 whereas the lowest price it dropped to was $169.39. The 52-week range on WING shows that it touched its highest point at $223.77 and its lowest point at $113.20 during that stretch. It currently has a 1-year price target of $199.18. With its current market cap of 5.27 billion, WING has annualized dividend of $0.88 while the current yield stands at 0.51%. Beta for the stock currently stands at 1.52.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WING was up-trending over the past week, with a rise of 5.00%, but this was up by 5.70% over a month. Three-month performance dropped to -7.55% while six-month performance fell -4.52%. The stock gained 25.76% in the past year, while it has gained 26.41% so far this year. A look at the trailing 12-month EPS for WING yields 2.09 with Next year EPS estimates of 2.53. For the next quarter, that number is 0.51. This implies an EPS growth rate of 24.00% for this year and 15.92% for next year. EPS is expected to grow by 17.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.00%.
Float and Shares Shorts:
At present, 29.97 million WING shares are outstanding with a float of 29.88 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.16 million, which was 7.21% higher than short shares on Jul 30, 2023. In addition to Mr. Michael J. Skipworth as the firm’s Pres, CEO & Director, Mr. Alex R. Kaleida serves as its CFO & Sr. VP.
Institutional Ownership:
Through their ownership of 106.08% of WING’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.98% of WING, in contrast to 41.15% held by mutual funds. Shares owned by individuals account for 24.05%. As the largest shareholder in WING with 9.48% of the stake, The Vanguard Group, Inc. holds 2,841,900 shares worth 2,841,900. A second-largest stockholder of WING, BlackRock Fund Advisors, holds 2,612,250 shares, controlling over 8.71% of the firm’s shares. American Century Investment Manag is the third largest shareholder in WING, holding 1,256,526 shares or 4.19% stake. With a 3.23% stake in WING, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 967,458 shares are owned by the mutual fund manager. The American Century Ultra Fund, which owns about 3.18% of WING stock, is the second-largest Mutual Fund holder. It holds 954,000 shares valued at 153.25 million. Vanguard Total Stock Market ETF holds 3.11% of the stake in WING, owning 932,907 shares worth 149.86 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 30, 2023, WING reported revenue of $83.78M and operating income of $22.70M. The EBITDA in the recently reported quarter was $25.22M and diluted EPS was $0.44.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WING since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WING analysts setting a high price target of $240.00 and a low target of $150.00, the average target price over the next 12 months is $199.18. Based on these targets, WING could surge 37.96% to reach the target high and fall by -13.77% to reach the target low. Reaching the average price target will result in a growth of 14.5% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, WING has a current ratio of $0.79, which is $0.79 over the trailing 12-months, while a dividend of $0.53 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and WING currently yields $0.45. In the past year, WING’s dividend yield has been $0.45, but when looking at the stock over the past five years, its yield has been $0.44.
Summary of Insider Activity:
Insiders traded WING stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 37 while that of sell transactions has risen to 36 over the past year. The total number of shares bought during that period was 46,333 while 32,833 shares were sold.
