Wingstop Inc (NASDAQ: WING)’s stock price has gone rise by 0.02 in comparison to its previous close of 386.03, however, the company has experienced a -4.40% decrease in its stock price over the last five trading days. zacks.com reported 2024-08-27 that Restaurant stocks like LOCO, MHGU, PBPB, TXRH and WING are poised to benefit from the jump in sales.
Is It Worth Investing in Wingstop Inc (NASDAQ: WING) Right Now?
Wingstop Inc (NASDAQ: WING) has a higher price-to-earnings ratio of 120.65x compared to its average ratio. WING has 36-month beta value of 1.71. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 6 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for WING is 29.22M, and currently, short sellers hold a 4.66% ratio of that float. The average trading volume of WING on September 02, 2024 was 434.24K shares.
WING’s Market Performance
The stock of Wingstop Inc (WING) has seen a -4.40% decrease in the past week, with a 3.89% rise in the past month, and a 4.74% gain in the past quarter. The volatility ratio for the week is 3.67%, and the volatility levels for the past 30 days are at 3.67% for WING. The simple moving average for the past 20 days is 1.61% for WING’s stock, with a 14.12% simple moving average for the past 200 days.
Analysts’ Opinion of WING
Many brokerage firms have already submitted their reports for WING stocks, with Raymond James repeating the rating for WING by listing it as a “Outperform.” The predicted price for WING in the upcoming period, according to Raymond James is $42 based on the research report published on August 01, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see WING reach a price target of $393, previously predicting the price at $345. The rating they have provided for WING stocks is “Hold” according to the report published on July 01st, 2024.
Goldman gave a rating of “Neutral” to WING, setting the target price at $407 in the report published on June 13th of the current year.
WING Trading at -0.39% from the 50-Day Moving Average
After a stumble in the market that brought WING to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.42% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 3.67%, as shares surge +6.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.52% lower at present.
During the last 5 trading sessions, WING fell by -4.40%, which changed the moving average for the period of 200-days by +79.92% in comparison to the 20-day moving average, which settled at $381.17. In addition, Wingstop Inc saw 50.48% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WING starting from Upshaw Donnie, who sale 3,199 shares at the price of $372.71 back on Aug 08 ’24. After this action, Upshaw Donnie now owns 97 shares of Wingstop Inc, valued at $1,192,302 using the latest closing price.
Upshaw Donnie, the Officer of Wingstop Inc, proposed sale 3,199 shares at $372.71 during a trade that took place back on Aug 08 ’24, which means that Upshaw Donnie is holding shares at $1,192,302 based on the most recent closing price.
Stock Fundamentals for WING
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.58 for the gross margin
The net margin for Wingstop Inc stands at 0.17. The total capital return value is set at 0.39.
Based on Wingstop Inc (WING), the company’s capital structure generated 2.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at -1.64. The interest coverage ratio of the stock is 7.54.
Currently, EBITDA for the company is 125.87 million with net debt to EBITDA at 3.93. When we switch over and look at the enterprise to sales, we see a ratio of 21.89. The receivables turnover for the company is 33.98for trailing twelve months and the total asset turnover is 1.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
To put it simply, Wingstop Inc (WING) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
