Brokerages Set Wingstop Inc. (NASDAQ:WING) Target Price at $333.96

Shares of Wingstop Inc. (NASDAQ:WING - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-five analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $339.43.

Several analysts have commented on WING shares. Truist Financial raised Wingstop from a "hold" rating to a "buy" rating and raised their price objective for the company from $274.00 to $400.00 in a report on Tuesday. Barclays reduced their price objective on Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird lifted their target price on Wingstop from $350.00 to $400.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Bank of America lifted their target price on Wingstop from $319.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Cowen restated a "buy" rating on shares of Wingstop in a research report on Thursday, May 1st.

Wingstop Stock Performance

Wingstop stock traded up $1.22 during midday trading on Friday, hitting $340.56. 747,944 shares of the company were exchanged, compared to its average volume of 625,846. Wingstop has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The business has a fifty day simple moving average of $259.44 and a two-hundred day simple moving average of $276.00. The firm has a market capitalization of $9.50 billion, a PE ratio of 91.80, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, beating the consensus estimate 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 period last year, the company earned $0.98 earnings per share. Wingstop's quarterly revenue was up 17.4% compared to the same quarter last year. As a group, equities analysts expect that Wingstop will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.32%. Wingstop's payout ratio is 18.09%.

Insider Buying and Selling

In other news, CEO Michael Skipworth sold 10,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the completion of the transaction, the chief executive officer now directly owns 47,190 shares of the company's stock, valued at approximately $15,919,074.60. This represents a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Raj Kapoor sold 637 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $273.07, for a total value 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. This represents a 55.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,728 shares of company stock valued at $3,568,711 in the last three months. 0.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WING. T. Rowe Price Investment Management Inc. acquired a new position in shares of Wingstop during the 1st quarter worth about $212,672,000. Alyeska Investment Group L.P. acquired a new stake in shares of Wingstop in the 4th quarter valued at about $151,802,000. Price T Rowe Associates Inc. MD grew its stake in Wingstop by 43.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator's stock worth $371,517,000 after buying an additional 496,717 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Wingstop during the 4th quarter worth approximately $115,301,000. Finally, Norges Bank purchased a new position in Wingstop during the 4th quarter worth approximately $106,123,000.

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.