Wingstop (NASDAQ:WING) Stock Price Up 2.9%

Wingstop Inc. (NASDAQ:WING - Get Free Report)'s share price rose 2.9% on Wednesday . The company traded as high as $364.83 and last traded at $364.61. Approximately 294,446 shares traded hands during trading, a decline of 37% from the average daily volume of 470,489 shares. The stock had previously closed at $354.32.

Analyst Upgrades and Downgrades

WING has been the subject of a number of recent analyst reports. Stephens reiterated an "overweight" rating and set a $330.00 price target on shares of Wingstop in a report on Wednesday, February 21st. Wedbush increased their price objective on shares of Wingstop from $330.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, February 22nd. Stifel Nicolaus increased their price objective on shares of Wingstop from $270.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. Robert W. Baird increased their price objective on shares of Wingstop from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, February 22nd. Finally, TD Cowen reissued a "buy" rating and set a $410.00 price objective on shares of Wingstop in a research report on Wednesday. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $260.11.

Wingstop Stock Performance

The stock has a market cap of $10.57 billion, a PE ratio of 153.21, a price-to-earnings-growth ratio of 6.48 and a beta of 1.68. The company's 50 day simple moving average is $338.68 and its 200 day simple moving average is $266.10.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The firm had revenue of $127.06 million during the quarter, compared to analyst estimates of $120.47 million. During the same quarter last year, the business posted $0.60 EPS. The company's revenue for the quarter was up 21.2% on a year-over-year basis. Equities research analysts expect that Wingstop Inc. will post 2.98 earnings per share for the current year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.24%. Wingstop's payout ratio is currently 37.45%.

Insider Transactions at Wingstop

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 shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the sale, the director now owns 5,450 shares in the company, valued at approximately $1,852,291.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the business's stock in a transaction 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 approximately $612,246.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kilandigalu Madati sold 1,472 shares of the business's stock in a transaction 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 sale, the director now directly owns 5,450 shares in the company, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. Insiders sold a total of 14,901 shares of company stock worth $5,120,605 in the last quarter. Insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Wingstop

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rise Advisors LLC purchased a new position in shares of Wingstop during the 1st quarter valued at $29,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Wingstop during the 4th quarter valued at $28,000. GAMMA Investing LLC grew its position in shares of Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator's stock valued at $42,000 after purchasing an additional 40 shares in the last quarter. FSC Wealth Advisors LLC purchased a new position in shares of Wingstop during the 4th quarter valued at $39,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Wingstop during the 4th quarter valued at $47,000.

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.