Wingstop (NASDAQ:WING) Reaches New 12-Month High at $400.74

Wingstop Inc. (NASDAQ:WING - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $400.74 and last traded at $398.58, with a volume of 114222 shares changing hands. The stock had previously closed at $388.55.

Analyst Upgrades and Downgrades

WING has been the topic of several research reports. Stephens reaffirmed an "overweight" rating and issued a $425.00 target price on shares of Wingstop in a report on Wednesday, May 1st. Stifel Nicolaus boosted their price target on Wingstop from $270.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. Bank of America increased their target price on shares of Wingstop from $421.00 to $461.00 and gave the company a "buy" rating in a research report on Thursday. Truist Financial lifted their target price on shares of Wingstop from $320.00 to $345.00 and gave the stock a "hold" rating in a research note on Thursday. Finally, Morgan Stanley boosted their target price on shares of Wingstop from $280.00 to $315.00 and gave the company an "equal weight" rating in a research report on Friday, April 12th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $330.39.

Wingstop Stock Performance

The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 138.27, a price-to-earnings-growth ratio of 5.32 and a beta of 1.67. The company has a 50 day moving average of $360.49 and a 200-day moving average of $289.47.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.22. The business had revenue of $145.70 million for the quarter, compared to analyst estimates of $136.34 million. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The company's revenue was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 earnings per share. On average, research analysts anticipate that Wingstop Inc. will post 3.4 EPS for the current year.

Wingstop Dividend Announcement

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

Insider Activity

In related news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the sale, the chief executive officer now owns 17,107 shares in the company, valued at approximately $5,771,901.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the sale, the chief executive officer now owns 17,107 shares of the company's stock, valued at approximately $5,771,901.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares of the company's stock, valued at $612,246.16. The disclosure for this sale can be found here. Insiders have sold 14,901 shares of company stock valued at $5,120,605 in the last ninety days. 0.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wingstop

A number of large investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its position in shares of Wingstop by 64.6% in the third quarter. Commonwealth Equity Services LLC now owns 2,859 shares of the restaurant operator's stock valued at $514,000 after purchasing an additional 1,122 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Wingstop by 22.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,985 shares of the restaurant operator's stock valued at $1,076,000 after acquiring an additional 1,093 shares during the last quarter. Strs Ohio increased its position in Wingstop by 101.1% during the 3rd quarter. Strs Ohio now owns 70,400 shares of the restaurant operator's stock worth $12,660,000 after purchasing an additional 35,400 shares in the last quarter. Park Avenue Securities LLC acquired a new position in Wingstop in the 3rd quarter valued at about $502,000. Finally, Whittier Trust Co. boosted its stake in Wingstop by 4.2% in the third quarter. Whittier Trust Co. now owns 22,813 shares of the restaurant operator's stock valued at $4,103,000 after acquiring an additional 916 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.