Wingstop (NASDAQ:WING) Price Target Raised to $345.00 at Truist Financial

Wingstop (NASDAQ:WING) had its price target upped by Truist Financial from $320.00 to $345.00 in a research report report published on Thursday, Benzinga reports. Truist Financial currently has a hold rating on the restaurant operator’s stock.

Several other analysts have also commented on the stock. Stifel Nicolaus lifted their price objective on Wingstop from $270.00 to $330.00 and gave the company a buy rating in a research report on Friday, February 16th. Robert W. Baird lifted their price target on Wingstop from $390.00 to $405.00 and gave the company an outperform rating in a research report on Thursday. Citigroup increased their price objective on Wingstop from $320.00 to $375.00 and gave the stock a neutral rating in a report on Wednesday, April 17th. Stephens restated an overweight rating and set a $425.00 target price on shares of Wingstop in a report on Wednesday, May 1st. Finally, Jefferies Financial Group upped their target price on shares of Wingstop from $310.00 to $335.00 and gave the stock a hold rating in a research report on Tuesday, April 16th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $330.39.

Wingstop Stock Performance

NASDAQ WING opened at $388.55 on Thursday. The stock has a market cap of $11.41 billion, a P/E ratio of 138.27, a price-to-earnings-growth ratio of 6.42 and a beta of 1.67. Wingstop has a fifty-two week low of $150.08 and a fifty-two week high of $396.00. The stock has a 50 day simple moving average of $360.49 and a two-hundred day simple moving average of $289.47.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The company had revenue of $145.70 million during the quarter, compared to the consensus estimate of $136.34 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. Sell-side analysts predict that Wingstop will post 3.4 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Thursday, May 16th. Wingstop’s payout ratio is currently 31.32%.

Insider Activity at Wingstop

In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the transaction, the chief executive officer now owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the sale, the chief executive officer now owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the sale, the director now owns 5,450 shares of the company’s stock, valued at $1,852,291.50. The disclosure for this sale can be found here. Insiders have sold 14,901 shares of company stock valued at $5,120,605 over the last ninety days. Insiders own 0.36% of the company’s stock.

Institutional Trading of Wingstop

Hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new stake in Wingstop in the 1st quarter worth $29,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wingstop during the fourth quarter worth about $28,000. GAMMA Investing LLC grew its position in shares of Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 40 shares in the last quarter. FSC Wealth Advisors LLC bought a new stake in Wingstop during the 4th quarter valued at approximately $39,000. Finally, Riverview Trust Co purchased a new position in Wingstop in the 1st quarter worth approximately $66,000.

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.