Wingstop (NASDAQ:WING) Price Target Raised to $405.00

Wingstop (NASDAQ:WING) had its target price upped by Robert W. Baird from $390.00 to $405.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

A number of other brokerages have also recently issued reports on WING. Benchmark reissued a hold rating on shares of Wingstop in a report on Tuesday, April 23rd. Truist Financial reissued a hold rating and issued a $292.00 price target on shares of Wingstop in a report on Monday, April 1st. BMO Capital Markets boosted their price objective on shares of Wingstop from $235.00 to $275.00 and gave the company a market perform rating in a research note on Thursday, February 22nd. Sanford C. Bernstein assumed coverage on shares of Wingstop in a research note on Wednesday, February 14th. They issued an outperform rating and a $340.00 target price on the stock. Finally, Jefferies Financial Group boosted their price target on shares of Wingstop from $310.00 to $335.00 and gave the company a hold rating in a research report on Tuesday, April 16th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $330.39.

Wingstop Trading Up 1.8 %

Shares of NASDAQ WING opened at $388.55 on Thursday. The stock has a fifty day simple moving average of $360.49 and a two-hundred day simple moving average of $289.47. Wingstop has a 1-year low of $150.08 and a 1-year high of $396.00. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 138.27, a price-to-earnings-growth ratio of 6.42 and a beta of 1.67.

Wingstop (NASDAQ:WING) last posted 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 company had revenue of $145.70 million during the quarter, compared to the consensus estimate of $136.34 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 34.0% compared to the same quarter last year. Analysts forecast that Wingstop will post 3.4 EPS for the current year.

Wingstop Dividend Announcement

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

Insider Transactions at Wingstop

In related news, SVP Marisa Carona sold 2,586 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the sale, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Wingstop news, Director Kilandigalu Madati sold 1,472 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the sale, the director now directly owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Marisa Carona sold 2,586 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the transaction, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,901 shares of company stock worth $5,120,605. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in Wingstop in the fourth quarter worth $28,000. Rise Advisors LLC purchased a new stake in shares of Wingstop during the first quarter valued at approximately $29,000. Headlands Technologies LLC purchased a new position in Wingstop in the 3rd quarter worth approximately $38,000. FSC Wealth Advisors LLC bought a new position in Wingstop in the 4th quarter valued at approximately $39,000. Finally, GAMMA Investing LLC boosted its stake in Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 shares during the last quarter.

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.