Wingstop Inc. (NASDAQ:WING) Given Average Recommendation of “Moderate Buy” by Analysts

Wingstop Inc. (NASDAQ:WING) has been given a consensus rating of “Moderate Buy” by the nineteen ratings firms that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $368.74.

A number of brokerages have recently weighed in on WING. Stephens lowered their target price on Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Benchmark upgraded Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price on the stock in a research note on Thursday, October 31st. BTIG Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price on the stock in a research note on Thursday, October 31st. Piper Sandler lowered their target price on Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, 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 note on Friday, November 1st.

Institutional Investors Weigh In On Wingstop

A number of large investors have recently modified their holdings of the business. Franklin Resources Inc. boosted its holdings in shares of Wingstop by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator’s stock valued at $326,020,000 after purchasing an additional 7,204 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Wingstop by 7.8% during the 3rd quarter. Tidal Investments LLC now owns 758 shares of the restaurant operator’s stock valued at $315,000 after acquiring an additional 55 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Wingstop by 17.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,490 shares of the restaurant operator’s stock valued at $620,000 after acquiring an additional 224 shares in the last quarter. Vestcor Inc boosted its holdings in shares of Wingstop by 44.0% during the 3rd quarter. Vestcor Inc now owns 18,239 shares of the restaurant operator’s stock valued at $7,589,000 after acquiring an additional 5,572 shares in the last quarter. Finally, Conway Capital Management Inc. acquired a new stake in shares of Wingstop during the 3rd quarter valued at $3,544,000.

Wingstop Stock Down 0.8 %

NASDAQ:WING opened at $328.77 on Friday. The stock’s 50 day moving average price is $364.87 and its two-hundred day moving average price is $380.91. The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of 95.85, a P/E/G ratio of 3.09 and a beta of 1.76. Wingstop has a 12-month low of $238.06 and a 12-month high of $433.86.

Wingstop (NASDAQ:WING) last released 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 during the quarter, compared to the consensus estimate of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. Wingstop’s quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Equities research analysts expect that Wingstop will post 3.68 EPS for the current 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 issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Friday, November 15th. Wingstop’s dividend payout ratio is presently 31.49%.

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.