Shares of Wingstop Inc. (NASDAQ:WING – Get Free Report) have received a consensus rating of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $377.53.
Several brokerages recently weighed in on WING. Jefferies Financial Group increased their target price on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Stifel Nicolaus increased their price target on Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Morgan Stanley raised their target price on Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 16th. Barclays raised their target price on Wingstop from $418.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Stephens restated an “overweight” rating and set a $456.00 target price on shares of Wingstop in a research note on Wednesday.
Get Our Latest Stock Analysis on Wingstop
Insiders Place Their Bets
Institutional Investors Weigh In On Wingstop
Institutional investors and hedge funds have recently modified their holdings of the business. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Wingstop in the 4th quarter valued at $28,000. Rise Advisors LLC acquired a new stake in shares of Wingstop in the 1st quarter valued at $29,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Wingstop by 60.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 35 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Wingstop in the 4th quarter valued at $47,000.
Wingstop Price Performance
WING opened at $362.70 on Friday. The stock has a market cap of $10.63 billion, a P/E ratio of 129.08, a P/E/G ratio of 3.96 and a beta of 1.70. The stock’s 50 day simple moving average is $393.76 and its 200 day simple moving average is $362.10. Wingstop has a 1-year low of $150.08 and a 1-year high of $431.03.
Wingstop (NASDAQ:WING – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The company had revenue of $155.70 million for the quarter, compared to analyst estimates of $146.04 million. During the same quarter in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 45.3% compared to the same quarter last year. Research analysts expect that Wingstop will post 3.71 EPS for the current fiscal year.
Wingstop Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a $0.27 dividend. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.08 annualized dividend and a yield of 0.30%. Wingstop’s payout ratio is 31.32%.
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.
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