Wingstop Inc. (NASDAQ:WING) Receives $311.76 Average Target Price from Brokerages

Wingstop Inc. (NASDAQ:WING) has received an average recommendation of “Moderate Buy” from the thirty-five ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, twenty-seven have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $311.7586.

WING has been the subject of a number of research reports. Morgan Stanley reduced their price objective on Wingstop from $345.00 to $265.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Melius Research set a $350.00 target price on Wingstop in a research report on Tuesday, January 20th. Wells Fargo & Company dropped their target price on Wingstop from $330.00 to $225.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings restated a “hold (c)” rating on shares of Wingstop in a research report on Friday, March 27th. Finally, Stephens restated an “overweight” rating and set a $375.00 target price on shares of Wingstop in a research report on Thursday, February 19th.

Wingstop Stock Performance

Shares of Wingstop stock opened at $186.05 on Tuesday. The firm has a 50-day moving average of $209.26 and a 200-day moving average of $238.44. The stock has a market cap of $5.08 billion, a PE ratio of 30.11, a PEG ratio of 2.15 and a beta of 2.03. Wingstop has a 52-week low of $142.24 and a 52-week high of $388.14.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. The business had revenue of $175.69 million during the quarter, compared to the consensus estimate of $177.74 million. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.Wingstop’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Equities research analysts predict that Wingstop will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were given a dividend of $0.30 per share. The ex-dividend date was Friday, March 6th. This represents a $1.20 annualized dividend and a dividend yield of 0.6%. Wingstop’s dividend payout ratio is currently 19.42%.

Insider Buying and Selling at Wingstop

In other Wingstop news, Director Kilandigalu Madati sold 2,700 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total transaction of $703,971.00. Following the sale, the director owned 2,583 shares in the company, valued at $673,465.59. This represents a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Wesley S. Mcdonald sold 566 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $250.00, for a total value of $141,500.00. Following the sale, the director owned 4,375 shares in the company, valued at approximately $1,093,750. This represents a 11.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On Wingstop

Several institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC increased its holdings in shares of Wingstop by 1,650.0% in the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 99 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of Wingstop by 76.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 60 shares during the period. Rakuten Securities Inc. increased its holdings in shares of Wingstop by 197.9% in the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 95 shares during the period. CBIZ Investment Advisory Services LLC increased its holdings in shares of Wingstop by 54.3% in the third quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 50 shares during the period. Finally, GW&K Investment Management LLC increased its holdings in shares of Wingstop by 75.7% in the fourth quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 81 shares during the period.

About Wingstop

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.