Brokerages Set Wingstop Inc. (NASDAQ:WING) Price Target at $332.17

Shares of Wingstop Inc. (NASDAQ:WING) have been assigned a consensus rating of “Moderate Buy” from the twenty-two analysts that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $320.05.

WING has been the topic of several research analyst reports. Raymond James reiterated an “outperform” rating and issued a $330.00 target price (down previously from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. UBS Group lowered their price objective on Wingstop from $300.00 to $255.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Stephens reissued an “overweight” rating and set a $385.00 target price on shares of Wingstop in a report on Wednesday, April 30th. Stifel Nicolaus lowered their price target on Wingstop from $375.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, BTIG Research reissued a “buy” rating on shares of Wingstop in a research note on Tuesday, March 25th.

Wingstop Stock Down 0.3 %

Shares of WING stock opened at $269.22 on Tuesday. Wingstop has a 52-week low of $204.00 and a 52-week high of $433.86. The business has a 50-day simple moving average of $227.48 and a 200-day simple moving average of $278.55. The stock has a market cap of $7.51 billion, a PE ratio of 72.57, a price-to-earnings-growth ratio of 2.27 and a beta of 1.80.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The business had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. During the same period in the prior year, the company posted $0.98 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. Sell-side analysts anticipate that Wingstop will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, May 16th. Wingstop’s payout ratio is 18.09%.

Institutional Inflows and Outflows

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

About Wingstop

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.