Wingstop Inc. (NASDAQ:WING) Receives $357.67 Consensus PT from Analysts

Shares of Wingstop Inc. (NASDAQ:WING) have received an average rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $357.67.

Several analysts recently weighed in on the company. Northcoast Research cut Wingstop from a “buy” rating to a “neutral” rating in a report on Friday, February 21st. Stifel Nicolaus dropped their price target on Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Raymond James reissued an “outperform” rating and set a $330.00 price target (down from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Wedbush dropped their price target on Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Benchmark dropped their price target on Wingstop from $340.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 20th.

Institutional Investors Weigh In On Wingstop

A number of hedge funds and other institutional investors have recently bought and sold shares of WING. True Wealth Design LLC bought a new stake in shares of Wingstop in the 3rd quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its position in shares of Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 35 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Wingstop in the 4th quarter valued at about $30,000. Finally, V Square Quantitative Management LLC grew its position in shares of Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 37 shares during the last quarter.

Wingstop Trading Up 0.5 %

Shares of NASDAQ WING opened at $213.20 on Monday. The company has a market capitalization of $6.11 billion, a P/E ratio of 57.47, a P/E/G ratio of 2.27 and a beta of 1.88. The stock has a 50 day moving average of $269.17 and a 200-day moving average of $323.21. Wingstop has a 12 month low of $207.53 and a 12 month high of $433.86.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 0.51%. Wingstop’s dividend payout ratio is currently 29.11%.

Wingstop announced that its Board of Directors has authorized a share repurchase program on Thursday, December 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the restaurant operator to reacquire up to 5.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.