Wingstop (NASDAQ:WING) Stock Rating Upgraded by Truist Financial

Truist Financial upgraded shares of Wingstop (NASDAQ:WING - Free Report) from a hold rating to a buy rating in a report released on Tuesday, Marketbeat Ratings reports. They currently have $400.00 price target on the restaurant operator's stock, up from their prior price target of $274.00.

Other equities research analysts have also issued reports about the stock. Stephens restated an "overweight" rating and set a $385.00 target price on shares of Wingstop in a research report on Wednesday, May 14th. Wedbush decreased their target price on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group upgraded shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 target price on the stock in a research report on Monday, March 31st. Northcoast Research lowered shares of Wingstop from a "buy" rating to a "neutral" rating in a research report on Friday, February 21st. Finally, Cowen restated a "buy" rating on shares of Wingstop in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Wingstop presently has an average rating of "Moderate Buy" and a consensus target price of $339.43.

Wingstop Stock Performance

WING traded up $1.22 during trading on Tuesday, hitting $340.56. The stock had a trading volume of 747,944 shares, compared to its average volume of 625,846. The firm has a market capitalization of $9.50 billion, a P/E ratio of 91.80, a PEG ratio of 2.27 and a beta of 1.80. The company's 50-day moving average price is $257.08 and its 200 day moving average price is $276.02. Wingstop has a twelve month low of $204.00 and a twelve month 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. As a group, equities analysts expect that Wingstop will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently announced 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. This represents a $1.08 annualized dividend and a yield of 0.32%. The ex-dividend date is Friday, May 16th. Wingstop's payout ratio is 18.09%.

Insider Activity at Wingstop

In other news, SVP Raj Kapoor sold 637 shares of the company's 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 completion of the transaction, the senior vice president now owns 517 shares of the company's stock, valued at $141,177.19. This represents a 55.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Skipworth sold 10,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were 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 represents a 17.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,728 shares of company stock valued at $3,568,711. 0.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Verdence Capital Advisors LLC increased its position in Wingstop by 3.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock worth $256,000 after purchasing an additional 34 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its position in Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 35 shares in the last quarter. V Square Quantitative Management LLC increased its position in Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 37 shares in the last quarter. Tidal Investments LLC increased its position in Wingstop by 4.9% during the 4th quarter. Tidal Investments LLC now owns 795 shares of the restaurant operator's stock worth $226,000 after purchasing an additional 37 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Wingstop by 0.5% during the 4th quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock worth $2,415,000 after purchasing an additional 42 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.