Wingstop (NASDAQ:WING) Given New $440.00 Price Target at Barclays

Key Points

• Barclays has raised its price target for Wingstop (NASDAQ:WING) from $410.00 to $440.00, indicating an expected upside of 18.61% from the current stock price.
• Wingstop's stock has received mixed ratings from various analysts, with five recommending a hold rating, while twenty-one have assigned a buy rating.
• In its last quarterly report, Wingstop reported $1.00 EPS, surpassing expectations, with revenue growth of 12.0% year-over-year.

Wingstop (NASDAQ:WING - Free Report) had its target price increased by Barclays from $410.00 to $440.00 in a research report report published on Thursday morning, MarketBeat.com reports. The firm currently has an overweight rating on the restaurant operator's stock.

Several other equities research analysts have also recently issued reports on the stock. UBS Group dropped their target price on shares of Wingstop from $300.00 to $255.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Citigroup raised their target price on shares of Wingstop from $296.00 to $321.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of Wingstop in a research note on Thursday, May 1st. BMO Capital Markets lifted their price target on shares of Wingstop from $275.00 to $345.00 and gave the stock a "market perform" rating in a research note on Thursday. Finally, Robert W. Baird lifted their price target on shares of Wingstop from $350.00 to $400.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Wingstop currently has an average rating of "Moderate Buy" and an average price target of $379.52.

Wingstop Stock Down 3.9%

Shares of NASDAQ WING traded down $14.89 during midday trading on Thursday, hitting $362.45. The stock had a trading volume of 1,199,950 shares, compared to its average volume of 770,947. The business's 50 day moving average is $340.50 and its 200-day moving average is $285.90. The company has a market cap of $10.11 billion, a P/E ratio of 60.41, a PEG ratio of 5.05 and a beta of 1.84. Wingstop has a 52 week low of $204.00 and a 52 week high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. Wingstop had a net margin of 25.61% and a negative return on equity of 17.07%. The company had revenue of $174.33 million for the quarter, compared to analysts' expectations of $172.60 million. During the same quarter last year, the company posted $0.93 earnings per share. The firm's quarterly revenue was up 12.0% on a year-over-year basis. As a group, analysts expect that Wingstop will post 4.18 EPS for the current fiscal year.

Wingstop Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a $0.30 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.3%. This is an increase from Wingstop's previous quarterly dividend of $0.27. Wingstop's payout ratio is presently 18.09%.

Insider Activity at Wingstop

In other Wingstop news, CFO Alex Kaleida sold 5,400 shares of Wingstop stock in a transaction on Friday, August 1st. The shares were sold at an average price of $376.09, for a total value of $2,030,886.00. Following the sale, the chief financial officer directly owned 8,362 shares in the company, valued at approximately $3,144,864.58. The trade was a 39.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $173,945.59. Following the completion of the sale, the senior vice president owned 517 shares in the company, 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. In the last 90 days, insiders have sold 32,475 shares of company stock valued at $11,665,881. 0.72% of the stock is currently owned by insiders.

Institutional Trading of Wingstop

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ensign Peak Advisors Inc increased its holdings in Wingstop by 36.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 36,780 shares of the restaurant operator's stock valued at $10,453,000 after acquiring an additional 9,735 shares during the last quarter. Wedmont Private Capital bought a new stake in shares of Wingstop in the 1st quarter worth about $269,000. Wesbanco Bank Inc. increased its holdings in shares of Wingstop by 79.2% in the 1st quarter. Wesbanco Bank Inc. now owns 6,111 shares of the restaurant operator's stock worth $1,379,000 after buying an additional 2,700 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Wingstop by 66.3% in the 1st quarter. Stephens Investment Management Group LLC now owns 446,601 shares of the restaurant operator's stock worth $100,744,000 after buying an additional 178,041 shares during the last quarter. Finally, Merit Financial Group LLC increased its holdings in shares of Wingstop by 167.4% in the 1st quarter. Merit Financial Group LLC now owns 2,035 shares of the restaurant operator's stock worth $459,000 after buying an additional 1,274 shares during 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.