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

Wingstop Inc. (NASDAQ:WING - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-five brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $339.43.

A number of analysts have recently commented on WING shares. Sanford C. Bernstein restated an "overweight" rating and set a $360.00 price objective on shares of Wingstop in a report on Wednesday, May 14th. Guggenheim raised their target price on shares of Wingstop from $280.00 to $325.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Northcoast Research cut Wingstop from a "buy" rating to a "neutral" rating in a research report on Friday, February 21st. Jefferies Financial Group upgraded 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. Finally, BTIG Research reaffirmed a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th.

Insider Buying and Selling

In other news, SVP Raj Kapoor sold 637 shares of the business's stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 517 shares in the company, valued at approximately $141,177.19. The trade was a 55.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Wingstop by 521.4% during the fourth 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 raised 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 valued at $26,000 after acquiring an additional 35 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Wingstop during the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Wingstop by 93.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 62 shares during the period. Finally, True Wealth Design LLC raised its position in shares of Wingstop by 62.1% in the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock valued at $40,000 after purchasing an additional 54 shares during the period.

Wingstop Stock Performance

Shares of WING traded up $3.16 during midday trading on Friday, hitting $342.50. 134,100 shares of the stock were exchanged, compared to its average volume of 622,264. The firm has a market cap of $9.56 billion, a P/E ratio of 92.07, a P/E/G ratio of 2.27 and a beta of 1.80. The stock has a fifty day simple moving average of $257.08 and a 200 day simple moving average of $276.02. Wingstop has a 52-week low of $204.00 and a 52-week high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The company had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. During the same quarter in the previous year, the company earned $0.98 EPS. The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, equities research analysts forecast that Wingstop will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Friday, May 16th. Wingstop's payout ratio is currently 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.