Analysts Set Wingstop Inc. (NASDAQ:WING) Price Target at $375.63

Shares of Wingstop Inc. (NASDAQ:WING) have earned an average rating of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $368.74.

A number of analysts have weighed in on the company. The Goldman Sachs Group raised Wingstop from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $458.00 to $377.00 in a research report on Friday. Citigroup increased their price target on Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. BTIG Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective on the stock in a research note on Thursday, October 31st. Morgan Stanley raised their target price on shares of Wingstop from $390.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th. Finally, Stephens dropped their price target on shares of Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st.

Institutional Inflows and Outflows

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

Wingstop Price Performance

WING stock opened at $339.98 on Tuesday. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 99.12, a price-to-earnings-growth ratio of 2.94 and a beta of 1.76. The company has a fifty day moving average price of $380.53 and a 200 day moving average price of $385.93. Wingstop has a 12 month low of $204.01 and a 12 month high of $433.86.

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

Wingstop Announces Dividend

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

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.