Analysts Set Wingstop Inc. (NASDAQ:WING) Price Target at $350.73

Shares of Wingstop Inc. (NASDAQ:WING) have received a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $350.73.

A number of analysts recently commented on WING shares. Wedbush decreased their price target on Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. UBS Group cut their price target on shares of Wingstop from $330.00 to $300.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Barclays decreased their price objective on shares of Wingstop from $359.00 to $315.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Jefferies Financial Group upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $270.00 target price on the stock in a research note on Monday, March 31st. Finally, Guggenheim upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 price target for the company in a research note on Monday, February 24th.

Institutional Trading of Wingstop

Several institutional investors and hedge funds have recently made changes to their positions in WING. Alyeska Investment Group L.P. bought a new stake in Wingstop in the 4th quarter worth approximately $151,802,000. Raymond James Financial Inc. purchased a new position in shares of Wingstop during the fourth quarter worth approximately $115,301,000. Norges Bank purchased a new position in shares of Wingstop during the fourth quarter worth approximately $106,123,000. Ameriprise Financial Inc. lifted its holdings in shares of Wingstop by 760.9% in the 4th quarter. Ameriprise Financial Inc. now owns 381,745 shares of the restaurant operator’s stock worth $108,497,000 after acquiring an additional 337,401 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new stake in shares of Wingstop in the 4th quarter valued at $77,855,000.

Wingstop Stock Performance

Shares of WING stock opened at $232.36 on Friday. Wingstop has a 52-week low of $205.60 and a 52-week high of $433.86. The company has a 50-day simple moving average of $252.80 and a two-hundred day simple moving average of $305.95. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 62.63, a PEG ratio of 2.27 and a beta of 2.01.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 0.46%. Wingstop’s dividend payout ratio is presently 29.11%.

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.