Wingstop Inc. (NASDAQ:WING) Receives $331.50 Consensus Target Price from Brokerages

Shares of Wingstop Inc. (NASDAQ:WING) have been given a consensus recommendation of “Hold” by the eighteen research firms that are currently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $331.50.

Several research analysts have issued reports on WING shares. Wedbush increased their price objective on Wingstop from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Benchmark reiterated a “hold” rating on shares of Wingstop in a research note on Thursday, May 2nd. Truist Financial increased their target price on Wingstop from $320.00 to $345.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Barclays increased their target price on Wingstop from $350.00 to $418.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, Morgan Stanley increased their target price on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total value of $1,676,772.00. Following the transaction, the senior vice president now owns 8,170 shares of the company’s stock, valued at $3,238,588. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Albert G. Mcgrath sold 4,230 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now owns 8,170 shares of the company’s stock, valued at $3,238,588. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ania Smith sold 566 shares of Wingstop stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total value of $215,595.06. Following the completion of the sale, the director now directly owns 1,164 shares in the company, valued at approximately $443,379.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,191 shares of company stock valued at $2,443,547. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Cetera Advisors LLC bought a new position in Wingstop in the first quarter valued at approximately $307,000. Comerica Bank boosted its stake in shares of Wingstop by 19.9% during the 1st quarter. Comerica Bank now owns 52,204 shares of the restaurant operator’s stock worth $19,128,000 after acquiring an additional 8,674 shares during the period. Hancock Whitney Corp bought a new position in shares of Wingstop during the 1st quarter worth approximately $1,696,000. Tidal Investments LLC bought a new position in shares of Wingstop during the 1st quarter worth approximately $1,248,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Wingstop by 1,272.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 20,648 shares of the restaurant operator’s stock worth $7,565,000 after acquiring an additional 19,143 shares during the period.

Wingstop Price Performance

Wingstop stock opened at $410.99 on Friday. The stock has a fifty day moving average price of $377.58 and a two-hundred day moving average price of $324.07. Wingstop has a 52-week low of $150.08 and a 52-week high of $412.26. The firm has a market capitalization of $12.04 billion, a P/E ratio of 143.67, a P/E/G ratio of 5.08 and a beta of 1.70.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) 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 firm had revenue of $145.70 million during the quarter, compared to analyst estimates of $136.34 million. During the same period in the prior year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. On average, equities research analysts predict that Wingstop will post 3.39 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.21%. The ex-dividend date was Thursday, May 16th. Wingstop’s payout ratio is 31.32%.

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.