Wingstop Inc. (NASDAQ:WING) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Wingstop Inc. (NASDAQ:WING) have been given a consensus rating of “Moderate Buy” by the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $375.63.

A number of brokerages have commented on WING. BTIG Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price for the company in a report on Thursday, October 31st. BMO Capital Markets raised their target price on shares of Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. The Goldman Sachs Group upped their price objective on Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 target price on the stock in a research report on Friday. Finally, Truist Financial boosted their price target on shares of Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a report on Thursday, August 1st.

Wingstop Trading Up 0.1 %

Shares of WING stock opened at $297.18 on Tuesday. Wingstop has a twelve month low of $204.01 and a twelve month high of $433.86. The stock has a fifty day simple moving average of $388.10 and a two-hundred day simple moving average of $387.45. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 86.64, a P/E/G ratio of 2.74 and a beta of 1.76.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.09). The business had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The business’s quarterly revenue was up 38.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. Research analysts predict that Wingstop will post 3.79 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.36%. Wingstop’s dividend payout ratio (DPR) is 31.49%.

Insider Activity at Wingstop

In related news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 97 shares of the company’s stock, valued at approximately $36,152.87. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by insiders.

Institutional Trading of Wingstop

Large investors have recently modified their holdings of the stock. Chartwell Investment Partners LLC purchased a new stake in shares of Wingstop during the third quarter worth approximately $3,650,000. Los Angeles Capital Management LLC acquired a new stake in Wingstop during the 3rd quarter worth $5,010,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Wingstop by 17.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,326 shares of the restaurant operator’s stock valued at $968,000 after purchasing an additional 352 shares during the last quarter. Colonial River Investments LLC acquired a new stake in shares of Wingstop in the third quarter valued at approximately $487,000. Finally, Axxcess Wealth Management LLC purchased a new position in Wingstop during the 3rd quarter worth $485,000.

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.