Analysts Set Wingstop Inc. (NASDAQ:WING) Price Target at $358.83

Shares of Wingstop Inc. (NASDAQ:WING) have been given an average rating of “Moderate Buy” by the twenty-nine analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $353.40.

Several research firms recently commented on WING. Guggenheim raised their target price on Wingstop from $280.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Robert W. Baird raised their target price on Wingstop from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, May 23rd. Sanford C. Bernstein restated an “overweight” rating and issued a $360.00 target price on shares of Wingstop in a research report on Wednesday, May 14th. Jefferies Financial Group upgraded Wingstop from a “hold” rating to a “buy” rating and set a $270.00 target price on the stock in a research report on Monday, March 31st. Finally, Westpark Capital raised Wingstop to a “strong-buy” rating in a research note on Wednesday, July 9th.

Insider Buying and Selling at Wingstop

In related news, CEO Michael Skipworth sold 10,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the completion of the sale, the chief executive officer directly owned 47,190 shares in the company, valued at approximately $15,919,074.60. This trade represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Raj Kapoor sold 637 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $273.07, for a total value of $173,945.59. Following the sale, the senior vice president owned 517 shares of the company’s stock, valued at approximately $141,177.19. This represents a 55.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Institutional Trading of Wingstop

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in Wingstop by 521.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 35 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Wingstop by 93.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 62 shares in the last quarter. Signaturefd LLC raised its holdings in Wingstop by 106.9% during the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 77 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in Wingstop by 62.1% during the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator’s stock valued at $40,000 after buying an additional 54 shares in the last quarter.

Wingstop Trading Down 0.2%

Shares of Wingstop stock opened at $317.66 on Friday. The business’s 50 day simple moving average is $334.76 and its 200-day simple moving average is $282.07. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 53.21, a PEG ratio of 4.45 and a beta of 1.84. Wingstop has a twelve month low of $204.00 and a twelve month high of $433.86.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. The business had revenue of $171.09 million for the quarter, compared to analysts’ expectations of $172.25 million. During the same period in the prior year, the firm earned $0.98 EPS. The business’s quarterly revenue was up 17.4% on a year-over-year basis. Sell-side analysts predict that Wingstop will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a $0.27 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.34%. Wingstop’s dividend payout ratio (DPR) is presently 18.09%.

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.