Wingstop (NASDAQ:WING) Price Target Raised to $325.00 at BMO Capital Markets

Wingstop (NASDAQ:WING) had its price objective increased by BMO Capital Markets from $275.00 to $325.00 in a research note released on Thursday, Benzinga reports. They currently have a market perform rating on the restaurant operator’s stock.

A number of other equities research analysts have also commented on WING. Wedbush increased their price target on Wingstop from $400.00 to $425.00 and gave the company an outperform rating in a research report on Thursday. Stephens reissued an overweight rating and set a $425.00 price target on shares of Wingstop in a research report on Wednesday, May 1st. Sanford C. Bernstein assumed coverage on shares of Wingstop in a report on Wednesday, February 14th. They set an outperform rating and a $340.00 price target on the stock. Jefferies Financial Group upped their target price on Wingstop from $310.00 to $335.00 and gave the company a hold rating in a report on Tuesday, April 16th. Finally, Robert W. Baird lifted their price target on Wingstop from $390.00 to $405.00 and gave the stock an outperform rating in a report on Thursday. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Wingstop has a consensus rating of Hold and a consensus target price of $330.39.

Wingstop Price Performance

Shares of NASDAQ WING opened at $388.55 on Thursday. The company has a 50-day moving average price of $360.49 and a 200-day moving average price of $289.47. The stock has a market capitalization of $11.41 billion, a P/E ratio of 138.27, a P/E/G ratio of 6.42 and a beta of 1.67. Wingstop has a 1 year low of $150.08 and a 1 year high of $396.00.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. The business had revenue of $145.70 million during the quarter, compared to the consensus estimate of $136.34 million. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The company’s quarterly revenue was up 34.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. As a group, equities research analysts anticipate that Wingstop will post 3.4 earnings per share for the current fiscal year.

Wingstop Announces Dividend

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

Insider Buying and Selling

In other Wingstop news, Director Kilandigalu Madati sold 1,472 shares of Wingstop stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the transaction, the director now owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the transaction, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the transaction, the director now directly owns 5,450 shares in the company, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,901 shares of company stock valued at $5,120,605. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

Large investors have recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wingstop in the 4th quarter valued at about $28,000. Rise Advisors LLC bought a new stake in Wingstop during the first quarter valued at approximately $29,000. Headlands Technologies LLC purchased a new position in Wingstop in the 3rd quarter worth approximately $38,000. FSC Wealth Advisors LLC purchased a new position in Wingstop in the 4th quarter worth approximately $39,000. Finally, GAMMA Investing LLC increased its holdings in shares of Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after buying an additional 40 shares during 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.