Wingstop (NASDAQ:WING) Receives New Coverage from Analysts at Stephens

Stephens started coverage on shares of Wingstop (NASDAQ:WINGGet Rating) in a research note released on Thursday morning, The Fly reports. The firm issued an overweight rating on the restaurant operator’s stock.

A number of other analysts also recently commented on WING. Royal Bank of Canada increased their price objective on shares of Wingstop from $100.00 to $115.00 in a report on Friday, July 29th. Robert W. Baird increased their price objective on shares of Wingstop from $120.00 to $150.00 in a report on Friday, July 29th. Citigroup increased their price objective on shares of Wingstop from $118.00 to $145.00 and gave the company a buy rating in a report on Thursday, July 28th. Cowen increased their price objective on shares of Wingstop from $140.00 to $150.00 in a report on Monday, August 8th. Finally, Piper Sandler cut their price objective on shares of Wingstop from $85.00 to $70.00 and set an underweight rating for the company in a report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Wingstop has an average rating of Moderate Buy and a consensus price target of $139.65.

Wingstop Stock Down 3.9 %

WING opened at $127.39 on Thursday. Wingstop has a twelve month low of $67.67 and a twelve month high of $186.26. The company has a 50-day moving average price of $124.32 and a 200 day moving average price of $104.25. The company has a market cap of $3.81 billion, a PE ratio of 95.07, a price-to-earnings-growth ratio of 7.78 and a beta of 1.71.

Wingstop (NASDAQ:WINGGet Rating) last released its quarterly earnings results on Thursday, July 28th. The restaurant operator reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.10. Wingstop had a net margin of 13.49% and a negative return on equity of 10.82%. The firm had revenue of $83.78 million during the quarter, compared to the consensus estimate of $86.11 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, sell-side analysts expect that Wingstop will post 1.57 earnings per share for the current year.

Wingstop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were given a dividend of $0.19 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. This is a boost from Wingstop’s previous quarterly dividend of $0.17. Wingstop’s dividend payout ratio (DPR) is presently 56.72%.

Hedge Funds Weigh In On Wingstop

A number of hedge funds have recently made changes to their positions in WING. Castle Wealth Management LLC purchased a new position in shares of Wingstop during the 2nd quarter worth approximately $45,000. Lindbrook Capital LLC boosted its position in Wingstop by 12.9% in the 2nd quarter. Lindbrook Capital LLC now owns 807 shares of the restaurant operator’s stock valued at $60,000 after buying an additional 92 shares during the period. First Horizon Advisors Inc. boosted its position in Wingstop by 3,766.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 812 shares of the restaurant operator’s stock valued at $60,000 after buying an additional 791 shares during the period. Fifth Third Bancorp boosted its position in Wingstop by 11.9% in the 2nd quarter. Fifth Third Bancorp now owns 838 shares of the restaurant operator’s stock valued at $63,000 after buying an additional 89 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in Wingstop in the 2nd quarter valued at approximately $130,000.

About Wingstop

(Get Rating)

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide.

Featured Stories

The Fly logo

Analyst Recommendations for Wingstop (NASDAQ:WING)

Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.