Wingstop Inc. (NASDAQ:WING) Receives Consensus Rating of “Hold” from Analysts

Wingstop Inc. (NASDAQ:WING) has received a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $290.83.

A number of equities research analysts recently issued reports on the company. Robert W. Baird lifted their target price on Wingstop from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Morgan Stanley lifted their target price on Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Wedbush lifted their target price on Wingstop from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. BMO Capital Markets raised their price target on Wingstop from $235.00 to $275.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus raised their price target on Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, February 16th.

Insider Activity at Wingstop

In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the transaction, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Kilandigalu Madati sold 1,472 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total value of $500,288.64. Following the transaction, the director now directly owns 5,450 shares of the company’s stock, valued at $1,852,291.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The disclosure for this sale can be found here. Insiders sold 14,901 shares of company stock worth $5,120,605 in the last ninety days. 0.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Wingstop during the fourth quarter worth $28,000. Rise Advisors LLC bought a new stake in Wingstop during the 1st quarter worth approximately $29,000. Public Employees Retirement System of Ohio grew its holdings in Wingstop by 39.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 79 shares during the last quarter. Headlands Technologies LLC bought a new stake in Wingstop during the 3rd quarter worth approximately $38,000. Finally, FSC Wealth Advisors LLC bought a new stake in Wingstop during the 4th quarter worth approximately $39,000.

Wingstop Price Performance

NASDAQ WING opened at $356.40 on Friday. The firm has a market cap of $10.47 billion, a P/E ratio of 151.66, a P/E/G ratio of 6.57 and a beta of 1.68. The stock’s 50-day moving average is $347.54 and its 200-day moving average is $273.19. Wingstop has a one year low of $150.08 and a one year high of $379.00.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The company had revenue of $127.06 million for the quarter, compared to analyst estimates of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. Wingstop’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. Equities analysts anticipate that Wingstop will post 3 EPS for the current year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.25%. Wingstop’s dividend payout ratio is currently 37.45%.

About Wingstop

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.