Wingstop Inc. (NASDAQ:WING) Receives $335.96 Consensus Price Target from Analysts

Wingstop Inc. (NASDAQ:WING) has been given a consensus recommendation of “Moderate Buy” by the thirty-three analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, twenty-two have assigned a buy recommendation and five have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $335.9630.

A number of research firms recently issued reports on WING. Wall Street Zen lowered Wingstop from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. BTIG Research lowered their target price on Wingstop from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Raymond James Financial restated a “strong-buy” rating and set a $350.00 price target (down previously from $420.00) on shares of Wingstop in a research note on Thursday, October 16th. Wells Fargo & Company decreased their price target on Wingstop from $365.00 to $330.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Finally, Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Wednesday, November 5th.

Wingstop Price Performance

Shares of Wingstop stock opened at $227.29 on Friday. The firm’s fifty day simple moving average is $250.40 and its 200-day simple moving average is $301.70. Wingstop has a 12 month low of $204.00 and a 12 month high of $388.14. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 3.20 and a beta of 1.73.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. The firm had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. Wingstop’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. Analysts anticipate that Wingstop will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, November 21st. Wingstop’s payout ratio is 19.54%.

Institutional Investors Weigh In On Wingstop

A number of institutional investors have recently added to or reduced their stakes in WING. Freedom Investment Management Inc. raised its stake in shares of Wingstop by 2.2% during the 2nd quarter. Freedom Investment Management Inc. now owns 1,371 shares of the restaurant operator’s stock worth $462,000 after buying an additional 30 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Wingstop by 16.8% during the second quarter. Farther Finance Advisors LLC now owns 223 shares of the restaurant operator’s stock worth $75,000 after acquiring an additional 32 shares during the period. Wedmont Private Capital grew its holdings in Wingstop by 2.9% during the second quarter. Wedmont Private Capital now owns 1,165 shares of the restaurant operator’s stock worth $389,000 after acquiring an additional 33 shares during the period. Parallel Advisors LLC raised its position in Wingstop by 22.3% in the second quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $61,000 after acquiring an additional 33 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Wingstop by 0.5% in the second quarter. Harbor Capital Advisors Inc. now owns 6,569 shares of the restaurant operator’s stock valued at $2,212,000 after acquiring an additional 34 shares during the period.

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.