Wingstop Inc. (NASDAQ:WING) Receives $333.96 Consensus Price Target from Analysts

Shares of Wingstop Inc. (NASDAQ:WING - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-five brokerages that are covering the stock, Marketbeat.com reports. 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. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $339.43.

Several brokerages have recently issued reports on WING. Gordon Haskett upgraded shares of Wingstop to a "strong-buy" rating in a report on Wednesday, April 30th. Jefferies Financial Group upgraded shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 target price for the company in a research note on Monday, March 31st. UBS Group reduced their target price on shares of Wingstop from $300.00 to $255.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Raymond James reiterated an "outperform" rating and issued a $330.00 price target (down previously from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Finally, Bank of America increased their price target on shares of Wingstop from $319.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, May 14th.

Wingstop Trading Up 0.2%

WING traded up $0.73 during trading hours on Friday, hitting $339.43. 276,033 shares of the company's stock were exchanged, compared to its average volume of 623,185. Wingstop has a 12-month low of $204.00 and a 12-month high of $433.86. The firm has a 50 day moving average of $254.60 and a 200 day moving average of $275.58. The firm has a market cap of $9.47 billion, a P/E ratio of 91.37, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80.

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

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $0.27 dividend. The ex-dividend date of this dividend 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 Buying and Selling

In related news, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction on Monday, May 5th. The shares were sold at an average price of $273.07, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company's stock.

Institutional Trading of Wingstop

Several institutional investors have recently added to or reduced their stakes in WING. Geneos Wealth Management Inc. grew its position in shares of Wingstop by 121.4% during the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator's stock worth $49,000 after acquiring an additional 119 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Wingstop by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator's stock valued at $20,852,000 after buying an additional 4,937 shares in the last quarter. United Services Automobile Association bought a new position in Wingstop in the 1st quarter valued at about $429,000. Jones Financial Companies Lllp grew its position in Wingstop by 2,770.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator's stock valued at $440,000 after buying an additional 1,884 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in Wingstop by 90.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,836 shares of the restaurant operator's stock valued at $640,000 after buying an additional 1,349 shares in the last quarter.

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.