Wingstop (NASDAQ:WING) Receives Overweight Rating from Stephens

Stephens reissued their overweight rating on shares of Wingstop (NASDAQ:WING) in a research report report published on Wednesday, Benzinga reports. They currently have a $475.00 target price on the restaurant operator’s stock.

A number of other analysts also recently commented on WING. Stifel Nicolaus boosted their price target on shares of Wingstop from $420.00 to $460.00 and gave the stock a buy rating in a research report on Tuesday, June 18th. Raymond James upgraded Wingstop from a market perform rating to an outperform rating and set a $42.00 target price for the company in a research report on Thursday, August 1st. Bank of America boosted their price objective on Wingstop from $421.00 to $461.00 and gave the stock a buy rating in a research note on Thursday, May 2nd. Piper Sandler raised their target price on Wingstop from $353.00 to $375.00 and gave the company a neutral rating in a research note on Friday, August 2nd. Finally, Citigroup boosted their price target on shares of Wingstop from $375.00 to $398.00 and gave the stock a neutral rating in a research report on Thursday, May 2nd. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $378.65.

Wingstop Trading Down 0.0 %

WING opened at $388.46 on Wednesday. The business’s 50 day moving average is $391.34 and its 200-day moving average is $368.04. The stock has a market cap of $11.38 billion, a PE ratio of 138.24, a price-to-earnings-growth ratio of 3.79 and a beta of 1.70. Wingstop has a twelve month low of $150.08 and a twelve month high of $431.03.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $155.70 million during the quarter, compared to analyst estimates of $146.04 million. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The firm’s quarterly revenue was up 45.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. As a group, analysts forecast that Wingstop will post 3.75 EPS for the current year.

Wingstop Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, August 16th. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. This represents a $1.08 dividend on an annualized basis and a yield of 0.28%. Wingstop’s dividend payout ratio (DPR) is presently 38.43%.

Insider Activity

In related news, SVP Donnie Upshaw sold 3,199 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the completion of the sale, the senior vice president now directly owns 97 shares in the company, valued at $36,152.87. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the completion of the sale, the senior vice president now directly owns 97 shares in the company, valued at $36,152.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kilandigalu Madati sold 645 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 5,147 shares in the company, valued at approximately $2,036,873.78. The disclosure for this sale can be found here. Insiders have sold 4,410 shares of company stock worth $1,663,147 in the last 90 days. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Wingstop

A number of institutional investors have recently added to or reduced their stakes in WING. Capstone Investment Advisors LLC raised its holdings in shares of Wingstop by 235.2% during the 4th quarter. Capstone Investment Advisors LLC now owns 10,825 shares of the restaurant operator’s stock valued at $2,777,000 after purchasing an additional 7,596 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new stake in shares of Wingstop in the first quarter worth about $1,355,000. Goldman Sachs Group Inc. boosted its stake in shares of Wingstop by 14.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 279,938 shares of the restaurant operator’s stock worth $71,827,000 after acquiring an additional 36,017 shares in the last quarter. Axiom Investors LLC DE acquired a new position in shares of Wingstop during the 4th quarter valued at about $11,006,000. Finally, Virtu Financial LLC acquired a new position in shares of Wingstop during the 4th quarter valued at about $807,000.

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.