Wingstop (NASDAQ:WING - Free Report) had its price target increased by Robert W. Baird from $350.00 to $400.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an outperform rating on the restaurant operator's stock.
Several other research firms have also recently weighed in on WING. BTIG Research reaffirmed a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th. Truist Financial lifted their price target on Wingstop from $242.00 to $274.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Raymond James reissued an "outperform" rating and set a $330.00 price objective (down previously from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Sanford C. Bernstein reissued an "overweight" rating and set a $360.00 price objective on shares of Wingstop in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group raised Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price target on the stock in a research report on Monday, March 31st. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Wingstop presently has a consensus rating of "Moderate Buy" and an average target price of $339.43.
Read Our Latest Analysis on Wingstop
Wingstop Price Performance
Wingstop stock traded up $0.64 during trading hours on Friday, reaching $339.34. The stock had a trading volume of 463,178 shares, compared to its average volume of 623,874. The company has a fifty day simple moving average of $254.60 and a 200-day simple moving average of $275.58. Wingstop has a 52 week low of $204.00 and a 52 week high of $433.86. The stock has a market cap of $9.47 billion, a PE ratio of 91.47, a PEG ratio of 2.27 and a beta of 1.80.
Wingstop (NASDAQ:WING - Get Free Report) last posted its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. The company had revenue of $171.09 million for the quarter, compared to analysts' expectations of $172.25 million. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. Wingstop's quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. Research analysts predict that Wingstop will post 4.18 earnings per share for the current fiscal year.
Wingstop Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $0.27 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.32%. Wingstop's dividend payout ratio (DPR) is presently 18.09%.
Insider Activity at Wingstop
In other Wingstop news, 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 transaction of $173,945.59. Following the sale, the senior vice president now owns 517 shares of the company's stock, valued at approximately $141,177.19. This trade represents a 55.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Wingstop
Several institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Wingstop by 93.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 62 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Wingstop in the fourth quarter valued at $30,000. Finally, Signaturefd LLC grew its stake in shares of Wingstop by 106.9% in the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock worth $34,000 after acquiring an additional 77 shares in the last quarter.
About Wingstop
(
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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.
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