Wingstop (NASDAQ:WING) Given Overweight Rating at Stephens

Stephens reiterated their overweight rating on shares of Wingstop (NASDAQ:WING) in a report issued on Thursday, Benzinga reports. They currently have a $490.00 price objective on the restaurant operator’s stock.

Other equities analysts have also recently issued research reports about the company. Barclays boosted their price target on Wingstop from $418.00 to $425.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. BMO Capital Markets raised their price target on shares of Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Morgan Stanley upped their price objective on shares of Wingstop from $390.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 16th. TD Cowen reaffirmed a “buy” rating and set a $450.00 target price on shares of Wingstop in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group increased their price target on Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Wingstop currently has a consensus rating of “Hold” and an average price target of $382.88.

Wingstop Stock Up 0.3 %

Shares of Wingstop stock opened at $360.38 on Thursday. Wingstop has a 12-month low of $173.74 and a 12-month high of $433.86. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 128.25, a PEG ratio of 3.64 and a beta of 1.71. The firm’s 50-day moving average price is $394.46 and its two-hundred day moving average price is $388.72.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business had revenue of $155.70 million for the quarter, compared to analyst estimates of $146.04 million. During the same quarter last year, the business posted $0.57 EPS. The firm’s revenue for the quarter was up 45.3% on a year-over-year basis. On average, sell-side analysts expect that Wingstop will post 3.8 earnings per share for the current year.

Wingstop Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a $0.27 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.30%. This is an increase from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s payout ratio is 38.43%.

Insider Activity

In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the completion of the sale, the senior vice president now directly owns 97 shares in the company, valued at approximately $36,152.87. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.36% of the company’s stock.

Institutional Trading of Wingstop

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Wingstop by 3.7% during the first quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock valued at $1,071,473,000 after purchasing an additional 104,780 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Wingstop by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock worth $833,026,000 after buying an additional 101,917 shares during the period. Renaissance Technologies LLC boosted its holdings in Wingstop by 36.6% in the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock worth $254,860,000 after acquiring an additional 161,600 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Wingstop by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 600,905 shares of the restaurant operator’s stock valued at $253,979,000 after acquiring an additional 16,526 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Wingstop by 284.1% during the second quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator’s stock valued at $161,957,000 after acquiring an additional 283,412 shares in the last quarter.

Wingstop Company Profile

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.