Wingstop Inc., together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide. Wingstop Inc. was founded in 1994 and is headquartered in Addison, Texas.
Wingstop Stock Up 2.5 %
Shares of WING Stock traded up $3.37 on Monday, reaching $137.50. The company's stock had a trading volume of 1,505 shares, compared to its average volume of 661,939. Wingstop has a 12-month low of $67.67 and a 12-month high of $187.35. The company has a market capitalization of $4.11 billion, a P/E ratio of 100.10, a PEG ratio of 7.78 and a beta of 1.69. The stock's 50 day simple moving average is $90.46 and its 200-day simple moving average is $107.88.
Wingstop (NASDAQ:WING - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. Wingstop had a negative return on equity of 10.82% and a net margin of 13.49%. The company had revenue of $83.78 million for the quarter, compared to the consensus estimate of $86.11 million. During the same quarter last year, the business posted $0.38 earnings per share. The firm's revenue was up 13.2% compared to the same quarter last year. Research analysts expect that Wingstop will post 1.57 EPS for the current year.
Wingstop Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Thursday, August 11th. This is a boost from Wingstop's previous quarterly dividend of $0.17. Wingstop's dividend payout ratio is currently 50.75%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on WING shares. Deutsche Bank Aktiengesellschaft upped their price objective on Wingstop from $83.00 to $117.00 in a research note on Friday, July 29th. Stifel Nicolaus downgraded Wingstop from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Friday, July 29th. Barclays upped their price objective on Wingstop from $101.00 to $144.00 in a research note on Friday, July 29th. Truist Financial dropped their target price on Wingstop from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Friday, July 1st. Finally, Cowen increased their target price on Wingstop from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $135.41.