Wingstop Inc. (NASDAQ:WING) Given Consensus Recommendation of “Hold” by Analysts

Wingstop Inc. (NASDAQ:WING) has been given an average rating of “Hold” by the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $378.65.

WING has been the topic of a number of recent research reports. Piper Sandler upped their price objective on Wingstop from $353.00 to $375.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Robert W. Baird upped their price objective on Wingstop from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Stifel Nicolaus upped their price objective on Wingstop from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Stephens reaffirmed an “overweight” rating and set a $475.00 price objective on shares of Wingstop in a research report on Wednesday, August 14th. Finally, Wedbush reaffirmed an “outperform” rating and set a $425.00 price objective on shares of Wingstop in a research report on Thursday, August 1st.

Insider Activity

In related news, Director Kilandigalu Madati sold 645 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total transaction of $255,252.30. Following the completion of the transaction, the director now directly owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the completion of the transaction, the senior vice president now directly owns 97 shares of the company’s stock, valued at $36,152.87. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kilandigalu Madati sold 645 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total transaction of $255,252.30. Following the completion of the sale, the director now owns 5,147 shares in the company, valued at $2,036,873.78. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Wingstop

Several large investors have recently modified their holdings of WING. Hollencrest Capital Management acquired a new stake in shares of Wingstop in the second quarter valued at approximately $27,000. Rise Advisors LLC acquired a new stake in Wingstop during the first quarter worth approximately $29,000. Ashton Thomas Private Wealth LLC acquired a new stake in Wingstop during the second quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV boosted its position in Wingstop by 60.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 35 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 40 shares during the last quarter.

Wingstop Stock Up 2.8 %

Shares of NASDAQ WING opened at $383.98 on Thursday. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 136.65, a PEG ratio of 3.91 and a beta of 1.70. Wingstop has a 52-week low of $150.08 and a 52-week high of $431.03. The business’s 50 day moving average is $390.66 and its two-hundred day moving average is $370.57.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating 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 previous year, the company earned $0.57 earnings per share. The firm’s quarterly revenue was up 45.3% compared to the same quarter last year. Analysts anticipate that Wingstop will post 3.75 EPS for the current fiscal year.

Wingstop Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.28%. This is a boost from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, August 16th. Wingstop’s dividend payout ratio is presently 38.43%.

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.