TD Securities Increases Wingstop (NASDAQ:WING) Price Target to $330.00

Wingstop (NASDAQ:WING - Free Report) had its price objective raised by TD Securities from $310.00 to $330.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the restaurant operator's stock.

A number of other research firms have also recently weighed in on WING. Gordon Haskett raised shares of Wingstop to a "strong-buy" rating in a research note on Wednesday, April 30th. BTIG Research reaffirmed a "buy" rating on shares of Wingstop in a research note on Tuesday, March 25th. The Goldman Sachs Group upped their price target on shares of Wingstop from $280.00 to $310.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Stifel Nicolaus lowered their price target on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, Jefferies Financial Group raised shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price target on the stock in a research note on Monday, March 31st. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $331.78.

Wingstop Trading Up 4.1%

Shares of Wingstop stock traded up $12.60 during trading on Wednesday, reaching $321.08. The company's stock had a trading volume of 891,100 shares, compared to its average volume of 614,597. The company has a 50-day moving average price of $238.85 and a two-hundred day moving average price of $274.92. The firm has a market cap of $8.96 billion, a PE ratio of 86.54, a P/E/G ratio of 2.27 and a beta of 1.80. Wingstop has a fifty-two week low of $204.00 and a fifty-two 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 (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.15. The company had revenue of $171.09 million for the quarter, compared to analysts' expectations of $172.25 million. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. Wingstop's revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. On average, analysts predict that Wingstop will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.34%. Wingstop's payout ratio is currently 18.09%.

Insider Transactions at Wingstop

In other news, SVP Raj Kapoor sold 637 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $273.07, for a total transaction of $173,945.59. Following the transaction, the senior vice president now directly owns 517 shares in the company, valued at $141,177.19. This represents a 55.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WING. Price T Rowe Associates Inc. MD increased its position 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 purchasing an additional 496,717 shares in the last quarter. American Century Companies Inc. increased its position in Wingstop by 4.7% during the 1st quarter. American Century Companies Inc. now owns 1,262,597 shares of the restaurant operator's stock worth $284,817,000 after purchasing an additional 56,535 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in Wingstop during the 1st quarter worth approximately $212,672,000. Massachusetts Financial Services Co. MA increased its position in Wingstop by 23.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator's stock worth $227,852,000 after purchasing an additional 154,055 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its position in Wingstop by 29.8% during the 1st quarter. Alyeska Investment Group L.P. now owns 693,115 shares of the restaurant operator's stock worth $156,353,000 after purchasing an additional 158,977 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.