Analysts Set Wingstop Inc. (NASDAQ:WING) Price Target at $350.73

Wingstop Inc. (NASDAQ:WING) has earned an average rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $348.23.

A number of research firms have commented on WING. Stephens restated an “overweight” rating and set a $450.00 price target on shares of Wingstop in a research report on Wednesday, February 19th. Barclays cut their target price on Wingstop from $359.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. TD Securities lowered their price target on Wingstop from $365.00 to $305.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company initiated coverage on Wingstop in a research note on Wednesday, March 26th. They issued an “overweight” rating and a $270.00 price objective on the stock. Finally, BTIG Research reaffirmed a “buy” rating on shares of Wingstop in a research note on Tuesday, March 25th.

Institutional Investors Weigh In On Wingstop

Several hedge funds have recently bought and sold shares of WING. EverSource Wealth Advisors LLC grew its stake in Wingstop by 521.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its position in Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 35 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Wingstop by 93.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 62 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Wingstop in the 4th quarter worth approximately $30,000. Finally, True Wealth Design LLC boosted its stake in shares of Wingstop by 62.1% during the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator’s stock valued at $40,000 after buying an additional 54 shares during the period.

Wingstop Stock Performance

NASDAQ:WING opened at $221.71 on Friday. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 59.76, a PEG ratio of 2.27 and a beta of 2.02. Wingstop has a 1 year low of $205.60 and a 1 year high of $433.86. The business has a fifty day moving average of $248.25 and a 200-day moving average of $302.58.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.49%. Wingstop’s dividend payout ratio is 29.11%.

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.