Wingstop Inc. (NASDAQ:WING) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Wingstop Inc. (NASDAQ:WING - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-five ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $352.70.

WING has been the subject of a number of research reports. Piper Sandler upped their target price on shares of Wingstop from $271.00 to $272.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Jefferies Financial Group raised shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price objective for the company in a report on Monday, March 31st. Northcoast Research cut Wingstop from a "buy" rating to a "neutral" rating in a report on Friday, February 21st. Bank of America increased their price target on Wingstop from $319.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, BTIG Research lifted their price objective on Wingstop from $350.00 to $430.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th.

Insider Buying and Selling at Wingstop

In other news, SVP Raj Kapoor sold 637 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $273.07, for a total transaction of $173,945.59. Following the transaction, the senior vice president now directly owns 517 shares of the company's stock, valued at approximately $141,177.19. The trade was a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Skipworth sold 10,000 shares of Wingstop stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total value of $3,373,400.00. Following the completion of the transaction, the chief executive officer now owns 47,190 shares of the company's stock, valued at $15,919,074.60. This trade represents a 17.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Institutional Trading of Wingstop

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted 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 worth $25,000 after purchasing an additional 73 shares during the period. CBIZ Investment Advisory Services LLC increased its position 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 buying an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Wingstop by 93.9% during the first 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 period. SBI Securities Co. Ltd. bought a new stake in shares of Wingstop during the 4th quarter worth $30,000. Finally, Signaturefd LLC grew its position in shares of Wingstop by 106.9% in the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 77 shares during the last quarter.

Wingstop Stock Performance

Shares of NASDAQ:WING opened at $346.14 on Wednesday. The firm has a market capitalization of $9.66 billion, a P/E ratio of 57.98, a P/E/G ratio of 4.89 and a beta of 1.88. The stock has a 50 day moving average price of $293.82 and a 200-day moving average price of $278.15. Wingstop has a 52-week low of $204.00 and a 52-week high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. The business had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. Wingstop had a net margin of 26.45% and a negative return on equity of 18.85%. Wingstop's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. On average, equities analysts forecast that Wingstop will post 4.18 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.31%. Wingstop's dividend payout ratio is presently 18.09%.

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.

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