Wingstop Inc. (NASDAQ:WING) Receives Average Recommendation of “Hold” from Analysts

Shares of Wingstop Inc. (NASDAQ:WING – Get Rating) have earned a consensus rating of “Hold” from the twenty-one ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $173.00.

Several research firms have recently weighed in on WING. Stephens lifted their price objective on Wingstop from $173.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, February 23rd. UBS Group lifted their price objective on Wingstop from $145.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, February 23rd. Robert W. Baird lifted their price objective on Wingstop from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday, February 21st. Truist Financial boosted their target price on Wingstop from $132.00 to $162.00 in a research note on Thursday, February 23rd. Finally, Citigroup boosted their target price on Wingstop from $193.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd.

Insider Buying and Selling

In related news, Director Krishnan Anand sold 862 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $173.21, for a total transaction of $149,307.02. Following the transaction, the director now directly owns 3,639 shares of the company’s stock, valued at approximately $630,311.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Krishnan Anand sold 862 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $173.21, for a total value of $149,307.02. Following the completion of the sale, the director now directly owns 3,639 shares in the company, valued at approximately $630,311.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donnie Upshaw sold 1,088 shares of the business’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $172.50, for a total value of $187,680.00. Following the completion of the sale, the senior vice president now owns 6,007 shares of the company’s stock, valued at $1,036,207.50. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.

Institutional Trading of Wingstop

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of Wingstop by 1.5% during the 1st quarter. BlackRock Inc. now owns 3,586,391 shares of the restaurant operator’s stock valued at $420,864,000 after acquiring an additional 51,296 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Wingstop by 0.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,362,008 shares of the restaurant operator’s stock worth $251,377,000 after buying an additional 29,899 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Wingstop by 3.5% during the 1st quarter. Wellington Management Group LLP now owns 1,751,221 shares of the restaurant operator’s stock worth $205,506,000 after buying an additional 59,529 shares during the last quarter. State Street Corp lifted its position in shares of Wingstop by 1.3% during the 3rd quarter. State Street Corp now owns 930,355 shares of the restaurant operator’s stock worth $116,685,000 after buying an additional 11,514 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Wingstop by 1,176.9% during the 4th quarter. Alliancebernstein L.P. now owns 899,336 shares of the restaurant operator’s stock worth $123,767,000 after buying an additional 828,904 shares during the last quarter.

Wingstop Trading Up 2.7 %

Shares of WING opened at $174.76 on Thursday. Wingstop has a 1 year low of $67.67 and a 1 year high of $193.74. The stock has a market cap of $5.23 billion, a P/E ratio of 98.74, a price-to-earnings-growth ratio of 4.34 and a beta of 1.59. The stock’s 50-day moving average price is $159.97 and its two-hundred day moving average price is $148.71.

Wingstop (NASDAQ:WING – Get Rating) last issued its earnings results on Wednesday, February 22nd. The restaurant operator reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.18. Wingstop had a negative return on equity of 13.52% and a net margin of 14.81%. The firm had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $100.96 million. During the same quarter last year, the business earned $0.24 earnings per share. The company’s revenue was up 45.7% compared to the same quarter last year. As a group, equities analysts forecast that Wingstop will post 1.9 EPS for the current year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Thursday, March 9th. Wingstop’s payout ratio is presently 42.94%.

About Wingstop

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Wingstop, Inc is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. The company was founded in 1994 and is headquartered in Addison, TX.