Benchmark Reaffirms Hold Rating for Wingstop (NASDAQ:WING)

Benchmark reaffirmed their hold rating on shares of Wingstop (NASDAQ:WING) in a research report released on Thursday, Benzinga reports.

A number of other research analysts also recently commented on the company. Stephens restated an overweight rating and set a $425.00 price objective on shares of Wingstop in a research note on Wednesday, May 1st. Sanford C. Bernstein assumed coverage on shares of Wingstop in a research report on Wednesday, February 14th. They set an outperform rating and a $340.00 price target for the company. Robert W. Baird lifted their price objective on shares of Wingstop from $390.00 to $405.00 and gave the company an outperform rating in a research report on Thursday. Truist Financial reissued a hold rating and set a $292.00 target price on shares of Wingstop in a research note on Monday, April 1st. Finally, Wedbush raised their price target on shares of Wingstop from $400.00 to $425.00 and gave the company an outperform rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Wingstop has a consensus rating of Hold and an average price target of $330.39.

Wingstop Stock Performance

Shares of NASDAQ:WING opened at $388.55 on Thursday. The company’s fifty day moving average is $360.49 and its two-hundred day moving average is $289.47. Wingstop has a 1-year low of $150.08 and a 1-year high of $396.00. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 138.27, a price-to-earnings-growth ratio of 6.42 and a beta of 1.67.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. The firm had revenue of $145.70 million for the quarter, compared to analysts’ expectations of $136.34 million. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. Wingstop’s revenue was up 34.0% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. Sell-side analysts expect that Wingstop will post 3.4 EPS for the current fiscal year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.23%. Wingstop’s dividend payout ratio is currently 31.32%.

Insider Transactions at Wingstop

In other news, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the sale, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Michael Skipworth sold 10,843 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the sale, the chief executive officer now owns 17,107 shares in the company, valued at $5,771,901.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the sale, the director now owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. Insiders sold a total of 14,901 shares of company stock valued at $5,120,605 in the last three months. 0.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its position in shares of Wingstop by 542.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator’s stock worth $2,764,000 after purchasing an additional 9,097 shares in the last quarter. Comerica Bank purchased a new stake in Wingstop in the 3rd quarter worth approximately $4,021,000. Strs Ohio boosted its stake in shares of Wingstop by 12.4% during the 4th quarter. Strs Ohio now owns 79,100 shares of the restaurant operator’s stock valued at $20,295,000 after buying an additional 8,700 shares during the period. Teza Capital Management LLC acquired a new stake in shares of Wingstop during the 3rd quarter valued at $1,961,000. Finally, Legato Capital Management LLC grew its holdings in shares of Wingstop by 5.6% during the 4th quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator’s stock valued at $412,000 after acquiring an additional 85 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.