Wingstop (NASDAQ:WING) PT Raised to $461.00

Wingstop (NASDAQ:WING) had its price objective increased by Bank of America from $421.00 to $461.00 in a report issued on Thursday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other research analysts also recently commented on WING. Wedbush increased their price target on shares of Wingstop from $400.00 to $425.00 and gave the company an outperform rating in a report on Thursday. Truist Financial increased their price target on Wingstop from $320.00 to $345.00 and gave the company a hold rating in a report on Thursday. Robert W. Baird boosted their price objective on shares of Wingstop from $390.00 to $405.00 and gave the company an outperform rating in a research report on Thursday. Stifel Nicolaus upped their price target on shares of Wingstop from $270.00 to $330.00 and gave the company a buy rating in a report on Friday, February 16th. Finally, Stephens reissued an overweight rating and issued a $425.00 price objective on shares of Wingstop in a research note on Wednesday, May 1st. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $330.39.

Wingstop Trading Up 1.8 %

Shares of Wingstop stock opened at $388.55 on Thursday. The firm has a market cap of $11.41 billion, a PE ratio of 138.27, a PEG ratio of 6.42 and a beta of 1.67. The stock has a 50 day moving average of $360.49 and a 200 day moving average of $289.47. Wingstop has a 12 month low of $150.08 and a 12 month high of $396.00.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The firm had revenue of $145.70 million during the quarter, compared to the consensus estimate of $136.34 million. During the same period in the prior year, the company earned $0.59 EPS. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. As a group, equities research analysts forecast that Wingstop will post 3.4 earnings per share for the current fiscal year.

Wingstop Announces Dividend

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

Insider Transactions at Wingstop

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its holdings in Wingstop by 29.4% in the third quarter. American Century Companies Inc. now owns 1,626,558 shares of the restaurant operator’s stock worth $292,520,000 after acquiring an additional 370,032 shares in the last quarter. Wellington Management Group LLP grew its position in Wingstop by 11.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,167,230 shares of the restaurant operator’s stock worth $209,915,000 after purchasing an additional 121,134 shares during the last quarter. Federated Hermes Inc. increased its stake in Wingstop by 1.8% during the 4th quarter. Federated Hermes Inc. now owns 1,107,852 shares of the restaurant operator’s stock valued at $284,253,000 after purchasing an additional 19,540 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of Wingstop by 64.3% in the third quarter. Artisan Partners Limited Partnership now owns 1,079,939 shares of the restaurant operator’s stock worth $194,216,000 after buying an additional 422,727 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Wingstop by 155.7% during the fourth quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock worth $224,093,000 after buying an additional 531,880 shares during the period.

Wingstop Company Profile

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.