Wingstop Inc. (NASDAQ:WING) Receives $368.74 Average PT from Brokerages

Shares of Wingstop Inc. (NASDAQ:WING) have received a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $368.74.

WING has been the topic of several recent analyst reports. Barclays cut their price objective on Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. The Goldman Sachs Group raised shares of Wingstop from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $458.00 to $377.00 in a research note on Friday, November 8th. BTIG Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price target on the stock in a research note on Thursday, October 31st. Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a research report on Friday, November 1st. Finally, Piper Sandler dropped their target price on Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in shares of Wingstop by 206.6% during the second quarter. CWM LLC now owns 2,287 shares of the restaurant operator’s stock worth $967,000 after purchasing an additional 1,541 shares during the period. Driehaus Capital Management LLC increased its stake in shares of Wingstop by 4.1% in the second quarter. Driehaus Capital Management LLC now owns 193,307 shares of the restaurant operator’s stock valued at $81,703,000 after buying an additional 7,600 shares during the period. Scientech Research LLC bought a new position in shares of Wingstop during the second quarter worth about $2,249,000. Los Angeles Capital Management LLC acquired a new position in shares of Wingstop in the third quarter worth approximately $5,010,000. Finally, 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 valued at $254,860,000 after acquiring an additional 161,600 shares during the last quarter.

Wingstop Price Performance

Wingstop stock opened at $324.84 on Friday. Wingstop has a fifty-two week low of $240.60 and a fifty-two week high of $433.86. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 94.71, a PEG ratio of 3.06 and a beta of 1.78. The company’s 50 day simple moving average is $363.05 and its 200 day simple moving average is $380.47.

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

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop’s dividend payout ratio (DPR) 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.