Wingstop Inc. (NASDAQ:WING) Receives $382.00 Consensus Target Price from Analysts

Shares of Wingstop Inc. (NASDAQ:WING) have earned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $382.00.

Several research firms recently weighed in on WING. The Goldman Sachs Group raised their target price on shares of Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Barclays boosted their price objective on shares of Wingstop from $418.00 to $425.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Raymond James upgraded shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Thursday, August 1st. Piper Sandler boosted their price target on Wingstop from $353.00 to $375.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Stephens reaffirmed an “overweight” rating and issued a $475.00 price objective on shares of Wingstop in a research report on Wednesday, August 14th.

Wingstop Stock Performance

Shares of NASDAQ WING opened at $403.82 on Friday. Wingstop has a 52-week low of $173.03 and a 52-week high of $433.86. The stock has a market cap of $11.83 billion, a P/E ratio of 143.71, a P/E/G ratio of 3.94 and a beta of 1.71. The firm has a 50 day moving average price of $394.19 and a 200 day moving average price of $388.04.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $146.04 million. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. Wingstop’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. Analysts predict that Wingstop will post 3.79 earnings per share for the current fiscal year.

Wingstop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s payout ratio is currently 38.43%.

Insider Buying and Selling

In other news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the transaction, the senior vice president now directly owns 97 shares of the company’s stock, valued at $36,152.87. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WING. Hollencrest Capital Management purchased a new position in Wingstop during the second quarter valued at $27,000. Rise Advisors LLC purchased a new stake in Wingstop during the first quarter worth $29,000. Ashton Thomas Private Wealth LLC bought a new stake in Wingstop during the second quarter valued at about $34,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Wingstop by 60.3% during the 2nd 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 in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 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.