Wingstop Inc. (NASDAQ:WING) Receives $340.78 Consensus Price Target from Analysts

Wingstop Inc. (NASDAQ:WING) has been given a consensus rating of “Moderate Buy” by the thirty-three analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, twenty-two have given a buy recommendation and five have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $341.8889.

Several brokerages have commented on WING. UBS Group reaffirmed a “neutral” rating and issued a $295.00 price objective on shares of Wingstop in a research report on Tuesday, October 28th. Stephens restated an “overweight” rating and issued a $375.00 price target on shares of Wingstop in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wingstop in a report on Monday, December 29th. Stifel Nicolaus lowered their price objective on shares of Wingstop from $300.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Zacks Research lowered shares of Wingstop from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th.

Wingstop Trading Up 4.1%

Shares of NASDAQ:WING opened at $268.69 on Friday. Wingstop has a 12 month low of $204.00 and a 12 month high of $388.14. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 43.76, a PEG ratio of 2.93 and a beta of 1.77. The firm’s 50-day moving average is $247.55 and its 200 day moving average is $281.65.

Wingstop (NASDAQ:WING) last announced its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.18. The business had revenue of $175.74 million during the quarter, compared to analyst estimates of $189.10 million. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 earnings per share. As a group, equities analysts forecast that Wingstop will post 4.18 EPS for the current fiscal year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 21st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. Wingstop’s payout ratio is 19.54%.

Insider Buying and Selling at Wingstop

In other news, Director Kilandigalu Madati sold 269 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total transaction of $69,931.93. Following the transaction, the director owned 5,283 shares of the company’s stock, valued at approximately $1,373,421.51. This represents a 4.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of Wingstop

Hedge funds have recently added to or reduced their stakes in the business. Wedmont Private Capital increased its position in Wingstop by 15.1% during the 4th quarter. Wedmont Private Capital now owns 1,348 shares of the restaurant operator’s stock valued at $348,000 after purchasing an additional 177 shares during the period. Lake Street Private Wealth LLC boosted its stake in shares of Wingstop by 81.4% during the fourth quarter. Lake Street Private Wealth LLC now owns 1,995 shares of the restaurant operator’s stock valued at $476,000 after purchasing an additional 895 shares in the last quarter. GAMMA Investing LLC increased its holdings in Wingstop by 30.4% during the fourth quarter. GAMMA Investing LLC now owns 871 shares of the restaurant operator’s stock valued at $208,000 after buying an additional 203 shares during the period. Allworth Financial LP increased its holdings in Wingstop by 17.3% during the third quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 39 shares during the period. Finally, Swiss Life Asset Management Ltd raised its stake in Wingstop by 81.1% in the third quarter. Swiss Life Asset Management Ltd now owns 1,306 shares of the restaurant operator’s stock worth $329,000 after buying an additional 585 shares in the last quarter.

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.