Wingstop (NASDAQ:WING) Stock Price Up 3.7% – What’s Next?

Wingstop Inc. (NASDAQ:WING)’s stock price shot up 3.7% during trading on Thursday . The company traded as high as $243.30 and last traded at $244.70. 1,105,900 shares traded hands during trading, an increase of 99% from the average session volume of 555,104 shares. The stock had previously closed at $235.96.

Analyst Ratings Changes

WING has been the topic of several research analyst reports. BMO Capital Markets decreased their price target on shares of Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a research note on Thursday, February 20th. BTIG Research restated a “buy” rating on shares of Wingstop in a research report on Tuesday, March 25th. Wedbush decreased their price objective on Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. TD Securities lowered their price objective on Wingstop from $365.00 to $305.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Jefferies Financial Group raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $270.00 target price on the stock in a research report on Monday, March 31st. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $350.73.

Wingstop Stock Down 4.3 %

The company has a market cap of $6.48 billion, a P/E ratio of 62.63, a price-to-earnings-growth ratio of 2.27 and a beta of 2.01. The company has a fifty day moving average of $252.80 and a 200 day moving average of $307.46.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Friday, March 7th. Wingstop’s payout ratio is 29.11%.

Hedge Funds Weigh In On Wingstop

A number of hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Wingstop by 984.7% in the third quarter. FMR LLC now owns 217,946 shares of the restaurant operator’s stock worth $90,683,000 after acquiring an additional 197,853 shares during the period. Captrust Financial Advisors lifted its holdings in Wingstop by 22.3% in the 3rd quarter. Captrust Financial Advisors now owns 2,859 shares of the restaurant operator’s stock worth $1,190,000 after purchasing an additional 521 shares in the last quarter. Benjamin Edwards Inc. bought a new position in Wingstop in the 3rd quarter worth approximately $518,000. Integrated Wealth Concepts LLC boosted its stake in Wingstop by 3.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,574 shares of the restaurant operator’s stock worth $1,071,000 after purchasing an additional 88 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in Wingstop during the 3rd quarter valued at approximately $552,000.

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.