Wingstop (NASDAQ:WING) Stock Price Expected to Rise, TD Securities Analyst Says

Wingstop (NASDAQ:WING - Free Report) had its price objective boosted by TD Securities from $330.00 to $400.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the restaurant operator's stock.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company increased their target price on Wingstop from $320.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, May 30th. The Goldman Sachs Group increased their target price on Wingstop from $310.00 to $390.00 and gave the company a "buy" rating in a report on Wednesday. Benchmark dropped their target price on Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. UBS Group dropped their target price on Wingstop from $300.00 to $255.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Jefferies Financial Group raised Wingstop from a "hold" rating to a "buy" rating and set a $270.00 target price on the stock in a report on Monday, March 31st. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Wingstop currently has a consensus rating of "Moderate Buy" and a consensus price target of $348.35.

Wingstop Stock Performance

Shares of Wingstop stock traded up $3.17 during trading hours on Thursday, reaching $374.82. 453,100 shares of the company were exchanged, compared to its average volume of 629,050. Wingstop has a 1 year low of $204.00 and a 1 year high of $433.86. The stock's fifty day moving average is $275.32 and its 200 day moving average is $276.30. The firm has a market cap of $10.46 billion, a PE ratio of 101.03, a PEG ratio of 2.27 and a beta of 1.88.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, topping 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 business had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. During the same quarter in the prior year, the company earned $0.98 earnings per share. The company's revenue was up 17.4% on a year-over-year basis. Research analysts expect that Wingstop will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.29%. Wingstop's dividend payout ratio (DPR) is 18.09%.

Insider Transactions at Wingstop

In related news, SVP Raj Kapoor sold 637 shares of the firm's stock in a transaction dated 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 $141,177.19. This trade represents a 55.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Skipworth sold 10,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 47,190 shares of the company's stock, valued at approximately $15,919,074.60. This trade represents a 17.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Institutional Trading of Wingstop

Institutional investors have recently made changes to their positions in the stock. Verdence Capital Advisors LLC grew its position in shares of Wingstop by 3.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock valued at $256,000 after buying an additional 34 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after buying an additional 35 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after buying an additional 37 shares during the last quarter. Tidal Investments LLC grew its position in shares of Wingstop by 4.9% during the 4th quarter. Tidal Investments LLC now owns 795 shares of the restaurant operator's stock valued at $226,000 after buying an additional 37 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of Wingstop by 0.5% during the 4th quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock valued at $2,415,000 after buying an additional 42 shares during the last quarter.

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.