Wingstop (NASDAQ:WING) Rating Reiterated by Benchmark

Benchmark restated their hold rating on shares of Wingstop (NASDAQ:WING) in a research note released on Thursday morning, Benzinga reports.

Several other brokerages have also recently issued reports on WING. Truist Financial restated a hold rating and issued a $292.00 price target on shares of Wingstop in a research report on Monday, April 1st. Jefferies Financial Group increased their price objective on Wingstop from $310.00 to $335.00 and gave the company a hold rating in a report on Tuesday, April 16th. Sanford C. Bernstein initiated coverage on Wingstop in a report on Wednesday, February 14th. They set an outperform rating and a $340.00 target price on the stock. Stephens reissued an overweight rating and issued a $425.00 price target on shares of Wingstop in a research note on Wednesday, May 1st. Finally, Robert W. Baird raised their price objective on Wingstop from $390.00 to $405.00 and gave the stock an outperform rating in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Wingstop presently has a consensus rating of Hold and a consensus price target of $330.39.

Wingstop Stock Up 1.8 %

Shares of WING stock opened at $388.55 on Thursday. Wingstop has a twelve month low of $150.08 and a twelve month high of $396.00. The stock’s fifty day simple moving average is $360.49 and its 200 day simple moving average is $289.47. The firm has a market capitalization of $11.41 billion, a P/E ratio of 138.27, a P/E/G ratio of 6.42 and a beta of 1.67.

Wingstop (NASDAQ:WING) 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 company had revenue of $145.70 million for the quarter, compared to analysts’ expectations of $136.34 million. During the same period in the previous year, the business posted $0.59 earnings per share. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. As a group, equities research analysts expect that Wingstop will post 3.4 EPS for the current fiscal year.

Wingstop Dividend Announcement

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

Insider Buying and Selling

In other Wingstop news, 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 transaction, the senior vice president now owns 1,646 shares in the company, valued at $612,246.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Kilandigalu Madati sold 1,472 shares of the firm’s stock in a transaction that occurred 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 owns 5,450 shares in the company, valued at $1,852,291.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,901 shares of company stock valued at $5,120,605. 0.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wingstop

Several large investors have recently bought and sold shares of WING. RIA Advisory Group LLC purchased a new stake in shares of Wingstop in the first quarter valued at about $436,000. Whittier Trust Co. of Nevada Inc. increased its stake in Wingstop by 3.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 12,444 shares of the restaurant operator’s stock valued at $4,559,000 after buying an additional 430 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Wingstop by 4.0% during the 1st quarter. Whittier Trust Co. now owns 24,346 shares of the restaurant operator’s stock worth $8,920,000 after buying an additional 936 shares in the last quarter. FORA Capital LLC bought a new position in shares of Wingstop during the 1st quarter worth approximately $4,188,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Wingstop by 276.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 980 shares of the restaurant operator’s stock worth $359,000 after buying an additional 720 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.