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

Wingstop Inc. (NASDAQ:WING - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-eight ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $358.83.

WING has been the subject of several research reports. Cowen reiterated a "buy" rating on shares of Wingstop in a research note on Thursday, May 1st. Piper Sandler initiated coverage on shares of Wingstop in a research note on Wednesday. They set an "overweight" rating for the company. TD Securities reiterated a "buy" rating and set a $440.00 price objective on shares of Wingstop in a research note on Tuesday, June 17th. Sanford C. Bernstein reiterated an "overweight" rating and set a $360.00 price objective on shares of Wingstop in a research note on Wednesday, May 14th. Finally, Truist Financial upgraded shares of Wingstop from a "hold" rating to a "buy" rating and upped their target price for the company from $274.00 to $400.00 in a research note on Tuesday, May 27th.

Insiders Place Their Bets

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

Institutional Trading of Wingstop

A number of large investors have recently modified their holdings of the company. Enhancing Capital LLC acquired a new stake in shares of Wingstop in the 2nd quarter worth about $521,000. Kaufman Rossin Wealth LLC acquired a new stake in shares of Wingstop in the 2nd quarter worth about $208,000. Farther Finance Advisors LLC increased its holdings in shares of Wingstop by 16.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 223 shares of the restaurant operator's stock worth $75,000 after acquiring an additional 32 shares during the period. UMB Bank n.a. increased its holdings in shares of Wingstop by 46.3% in the 2nd quarter. UMB Bank n.a. now owns 395 shares of the restaurant operator's stock worth $133,000 after acquiring an additional 125 shares during the period. Finally, Diversified Trust Co increased its holdings in shares of Wingstop by 27.8% in the 2nd quarter. Diversified Trust Co now owns 5,720 shares of the restaurant operator's stock worth $1,926,000 after acquiring an additional 1,246 shares during the period.

Wingstop Trading Down 0.6%

WING traded down $1.95 during trading on Friday, hitting $328.21. 581,852 shares of the company's stock were exchanged, compared to its average volume of 657,378. Wingstop has a 1 year low of $204.00 and a 1 year high of $433.86. The stock has a 50 day moving average price of $332.77 and a 200 day moving average price of $281.66. The firm has a market cap of $9.16 billion, a P/E ratio of 54.98, a price-to-earnings-growth ratio of 4.59 and a beta of 1.84.

Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings data 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. Wingstop had a net margin of 26.45% and a negative return on equity of 18.85%. The company had revenue of $171.09 million during the quarter, compared to the consensus estimate of $172.25 million. During the same period in the previous year, the firm earned $0.98 earnings per share. Wingstop's revenue for the quarter was up 17.4% on a year-over-year basis. Analysts forecast that Wingstop will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. Wingstop's dividend payout ratio (DPR) is 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.