Wingstop (NASDAQ:WING) Price Target Raised to $335.00

Wingstop (NASDAQ:WING) had its price target lifted by Jefferies Financial Group from $310.00 to $335.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

A number of other brokerages also recently commented on WING. Robert W. Baird lifted their price target on shares of Wingstop from $320.00 to $340.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. Stephens assumed coverage on shares of Wingstop in a report on Friday, April 12th. They set an overweight rating and a $425.00 price target for the company. Morgan Stanley lifted their price target on shares of Wingstop from $280.00 to $315.00 and gave the stock an equal weight rating in a report on Friday, April 12th. TD Cowen reiterated a buy rating and set a $410.00 price target on shares of Wingstop in a report on Wednesday, April 10th. Finally, BMO Capital Markets lifted their price target on shares of Wingstop from $235.00 to $275.00 and gave the stock a market perform rating in a report on Thursday, February 22nd. Eleven investment analysts have rated the stock with a hold rating and eight have issued 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 $290.83.

Wingstop Trading Down 0.9 %

Shares of WING opened at $356.40 on Tuesday. The stock has a market cap of $10.47 billion, a P/E ratio of 151.66, a PEG ratio of 6.57 and a beta of 1.68. The company has a 50-day moving average of $347.54 and a two-hundred day moving average of $273.19. Wingstop has a 12-month low of $150.08 and a 12-month high of $379.00.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The company had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $120.47 million. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. As a group, analysts forecast that Wingstop will post 3 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.88 annualized dividend and a yield of 0.25%. Wingstop’s dividend payout ratio is currently 37.45%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Wingstop during the fourth quarter worth $28,000. Rise Advisors LLC acquired a new position in shares of Wingstop during the first quarter worth $29,000. Public Employees Retirement System of Ohio lifted its position in shares of Wingstop by 39.9% during the third quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Wingstop during the third quarter worth $38,000. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Wingstop during the fourth quarter worth $39,000.

Wingstop Company Profile

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.