Wingstop (NASDAQ:WING) Stock Rating Upgraded by Wolfe Research

Wolfe Research upgraded shares of Wingstop (NASDAQ:WING - Free Report) to a strong-buy rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

A number of other brokerages have also recently commented on WING. Westpark Capital raised shares of Wingstop to a "strong-buy" rating in a research note on Wednesday. The Goldman Sachs Group increased their price objective on shares of Wingstop from $310.00 to $390.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. BTIG Research increased their price target on shares of Wingstop from $350.00 to $430.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Sanford C. Bernstein reiterated an "overweight" rating and issued a $360.00 price target on shares of Wingstop in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company increased their price target on shares of Wingstop from $320.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $358.83.

Wingstop Stock Performance

WING traded down $1.95 on Wednesday, hitting $328.21. 581,852 shares of the company were exchanged, compared to its average volume of 656,269. The business's fifty day moving average is $331.61 and its 200 day moving average is $281.48. Wingstop has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The firm has a market capitalization of $9.16 billion, a P/E ratio of 89.72, a price-to-earnings-growth ratio of 4.61 and a beta of 1.84.

Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $171.09 million for the quarter, compared to analysts' expectations of $172.25 million. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. The company's revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. Analysts forecast that Wingstop will post 4.18 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. Wingstop's dividend payout ratio (DPR) is presently 18.09%.

Insiders Place Their Bets

In other Wingstop news, CEO Michael Skipworth sold 10,000 shares of Wingstop stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $337.34, for a total value of $3,373,400.00. Following the transaction, the chief executive officer owned 47,190 shares in the company, valued at $15,919,074.60. This trade represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value of $173,945.59. Following the completion of the transaction, the senior vice president owned 517 shares in the company, valued at $141,177.19. The trade was a 55.20% decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wingstop

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in Wingstop by 521.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after buying an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings 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 acquiring an additional 35 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Wingstop by 93.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 62 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Wingstop by 62.1% during the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock valued at $40,000 after acquiring an additional 54 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Wingstop during the 4th quarter valued at $41,000.

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.