Wingstop (NASDAQ:WING) Price Target Raised to $405.00 at Robert W. Baird

Wingstop (NASDAQ:WING) had its target price upped by Robert W. Baird from $390.00 to $405.00 in a report issued on Thursday, Benzinga reports. Robert W. Baird currently has an outperform rating on the restaurant operator’s stock.

Several other analysts have also recently commented on WING. Sanford C. Bernstein started coverage on Wingstop in a research report on Wednesday, February 14th. They set an outperform rating and a $340.00 price target for the company. Truist Financial reaffirmed a hold rating and set a $292.00 target price on shares of Wingstop in a report on Monday, April 1st. Wedbush raised their price target on shares of Wingstop from $340.00 to $400.00 and gave the stock an outperform rating in a research note on Friday, April 26th. BMO Capital Markets upped their price objective on shares of Wingstop from $235.00 to $275.00 and gave the company a market perform rating in a research note on Thursday, February 22nd. Finally, Stephens reissued an overweight rating and issued a $425.00 target price on shares of Wingstop in a research note on Wednesday, May 1st. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $330.39.

Wingstop Stock Up 1.8 %

WING opened at $388.55 on Thursday. The firm’s fifty day simple moving average is $360.49 and its two-hundred day simple moving average is $289.47. Wingstop has a 52-week low of $150.08 and a 52-week high of $396.00. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 138.27, a PEG ratio of 6.42 and a beta of 1.67.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The firm 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 firm earned $0.59 EPS. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. On average, research analysts forecast that Wingstop will post 3.4 EPS for the current year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given 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 dividend payout ratio is presently 31.32%.

Insider Buying and Selling

In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Marisa Carona sold 2,586 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. In the last quarter, insiders sold 14,901 shares of company stock valued at $5,120,605. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WING. Rise Advisors LLC acquired a new stake in Wingstop in the 1st quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wingstop during the fourth quarter worth approximately $28,000. GAMMA Investing LLC raised its holdings in Wingstop by 53.3% in the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 40 shares in the last quarter. FSC Wealth Advisors LLC purchased a new position in Wingstop in the fourth quarter worth approximately $39,000. Finally, Riverview Trust Co acquired a new position in Wingstop during 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.