Wingstop (NASDAQ:WING) Given “Outperform” Rating at Wedbush

Wedbush reissued their outperform rating on shares of Wingstop (NASDAQ:WING) in a report published on Tuesday, MarketBeat Ratings reports. The brokerage currently has a $390.00 price objective on the restaurant operator’s stock. Wedbush also issued estimates for Wingstop’s Q4 2024 earnings at $0.84 EPS, FY2024 earnings at $3.63 EPS, Q1 2025 earnings at $1.13 EPS, Q2 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.13 EPS and FY2025 earnings at $4.59 EPS.

A number of other research analysts have also recently issued reports on WING. Barclays lowered their price target on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. BTIG Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective on the stock in a research report on Thursday, October 31st. Piper Sandler dropped their target price on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Truist Financial boosted their target price on shares of Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Finally, Citigroup raised their price target on Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $368.74.

Wingstop Stock Up 2.4 %

Shares of Wingstop stock opened at $339.98 on Tuesday. The business has a 50 day moving average of $380.53 and a 200 day moving average of $385.78. Wingstop has a 52 week low of $204.01 and a 52 week high of $433.86. The company has a market cap of $9.93 billion, a PE ratio of 99.12, a P/E/G ratio of 2.94 and a beta of 1.76.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The company had revenue of $162.50 million during the quarter, compared to analysts’ expectations of $160.24 million. During the same period in the prior year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 38.8% on a year-over-year basis. On average, research analysts anticipate that Wingstop will post 3.68 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a yield of 0.32%. Wingstop’s dividend payout ratio is presently 31.49%.

Hedge Funds Weigh In On Wingstop

A number of hedge funds have recently made changes to their positions in the business. King Luther Capital Management Corp lifted its holdings in Wingstop by 1.3% in the 3rd quarter. King Luther Capital Management Corp now owns 15,789 shares of the restaurant operator’s stock worth $6,569,000 after purchasing an additional 197 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Wingstop by 6.9% in the third quarter. Advisors Asset Management Inc. now owns 7,954 shares of the restaurant operator’s stock worth $3,310,000 after buying an additional 511 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Wingstop during the third quarter worth $4,983,000. Avior Wealth Management LLC grew its stake in Wingstop by 5.7% during the third quarter. Avior Wealth Management LLC now owns 1,174 shares of the restaurant operator’s stock valued at $488,000 after acquiring an additional 63 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Wingstop by 13.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 1,276 shares of the restaurant operator’s stock valued at $531,000 after acquiring an additional 155 shares during 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.