Wingstop Inc. (NASDAQ:WING) Given Average Recommendation of “Hold” by Brokerages

Wingstop Inc. (NASDAQ:WINGGet Free Report) has received an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $353.17.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on Wingstop from $275.00 to $325.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Truist Financial upped their price objective on Wingstop from $393.00 to $407.00 and gave the company a “hold” rating in a research note on Tuesday. Morgan Stanley upped their price objective on Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Stephens reiterated an “overweight” rating and issued a $425.00 price objective on shares of Wingstop in a research note on Wednesday, May 1st. Finally, Barclays upped their price objective on Wingstop from $350.00 to $418.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd.

Get Our Latest Analysis on WING

Insider Activity

In other news, Director Kilandigalu Madati sold 645 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total value of $255,252.30. Following the transaction, the director now owns 5,147 shares of the company’s stock, valued at approximately $2,036,873.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Kilandigalu Madati sold 645 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total value of $255,252.30. Following the completion of the sale, the director now owns 5,147 shares in the company, valued at approximately $2,036,873.78. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Albert G. Mcgrath sold 4,230 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the completion of the sale, the senior vice president now owns 8,170 shares of the company’s stock, valued at approximately $3,238,588. The disclosure for this sale can be found here. Insiders have sold a total of 6,191 shares of company stock valued at $2,443,547 in the last 90 days. 0.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wingstop

A number of large investors have recently added to or reduced their stakes in the company. Congress Asset Management Co. MA increased its holdings in Wingstop by 0.3% during the 4th quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator’s stock worth $2,920,000 after purchasing an additional 34 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Wingstop by 60.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 35 shares during the period. Quadrant Capital Group LLC grew its holdings in Wingstop by 16.9% during the fourth quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 38 shares during the period. Kovack Advisors Inc. grew its holdings in Wingstop by 1.7% during the fourth quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator’s stock worth $595,000 after purchasing an additional 39 shares during the period. Finally, GAMMA Investing LLC grew its holdings in 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 during the period.

Wingstop Price Performance

Shares of NASDAQ:WING opened at $395.05 on Wednesday. Wingstop has a fifty-two week low of $150.08 and a fifty-two week high of $431.03. The stock has a market capitalization of $11.57 billion, a P/E ratio of 140.59, a P/E/G ratio of 5.19 and a beta of 1.69. The business has a 50-day moving average of $398.40 and a two-hundred day moving average of $347.88.

Wingstop (NASDAQ:WINGGet Free Report) last posted its quarterly earnings data 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 negative return on equity of 19.64% and a net margin of 16.75%. The business had revenue of $145.70 million during the quarter, compared to analysts’ expectations of $136.34 million. During the same quarter in the previous year, the firm earned $0.59 EPS. The firm’s revenue was up 34.0% compared to the same quarter last year. As a group, research analysts expect that Wingstop will post 3.4 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Thursday, May 16th. Wingstop’s dividend payout ratio (DPR) is currently 31.32%.

Wingstop Company Profile

(Get Free Report

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.

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Analyst Recommendations for Wingstop (NASDAQ:WING)

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