Wingstop (NASDAQ:WING) Rating Reiterated by TD Cowen

TD Cowen reissued their buy rating on shares of Wingstop (NASDAQ:WINGFree Report) in a report issued on Wednesday, Benzinga reports. The firm currently has a $410.00 price objective on the restaurant operator’s stock.

Several other equities analysts also recently commented on the stock. Morgan Stanley raised their price target on shares of Wingstop from $280.00 to $315.00 and gave the stock an equal weight rating in a research report on Friday, April 12th. Stifel Nicolaus raised their target price on shares of Wingstop from $270.00 to $330.00 and gave the stock a buy rating in a report on Friday, February 16th. Sanford C. Bernstein assumed coverage on Wingstop in a research note on Wednesday, February 14th. They issued an outperform rating and a $340.00 price target for the company. Stephens initiated coverage on Wingstop in a research note on Friday, April 12th. They set an overweight rating and a $425.00 price objective on the stock. Finally, Wedbush lifted their price objective on Wingstop from $340.00 to $400.00 and gave the company an outperform rating in a report on Friday, April 26th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $330.39.

Check Out Our Latest Report on Wingstop

Wingstop Stock Up 1.8 %

Shares of NASDAQ:WING opened at $388.55 on Wednesday. Wingstop has a 12-month low of $150.08 and a 12-month high of $396.00. The business has a 50 day moving average of $360.49 and a 200-day moving average of $288.72. The stock has a market cap of $11.41 billion, a PE ratio of 138.27, a P/E/G ratio of 6.42 and a beta of 1.67.

Wingstop (NASDAQ:WINGGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The business had revenue of $145.70 million during the quarter, compared to analysts’ expectations of $136.34 million. During the same period last year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. Equities research analysts expect that Wingstop will post 3.4 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $0.22 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.23%. Wingstop’s dividend payout ratio is currently 31.32%.

Insider Transactions at Wingstop

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

Hedge Funds Weigh In On Wingstop

A number of hedge funds have recently modified their holdings of WING. Nisa Investment Advisors LLC increased its holdings in Wingstop by 542.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator’s stock valued at $2,764,000 after purchasing an additional 9,097 shares during the period. Comerica Bank acquired a new stake in shares of Wingstop in the third quarter valued at about $4,021,000. Strs Ohio increased its stake in shares of Wingstop by 12.4% in the fourth quarter. Strs Ohio now owns 79,100 shares of the restaurant operator’s stock valued at $20,295,000 after buying an additional 8,700 shares during the period. Teza Capital Management LLC bought a new position in shares of Wingstop during the third quarter worth about $1,961,000. Finally, Legato Capital Management LLC lifted its stake in shares of Wingstop by 5.6% in the fourth quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator’s stock worth $412,000 after acquiring an additional 85 shares during the period.

About Wingstop

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Wingstop (NASDAQ:WING)

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