Wingstop Inc. (NASDAQ:WING) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Wingstop Inc. (NASDAQ:WING) have been assigned an average recommendation of “Hold” from the nineteen research firms that are presently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $382.00.

A number of equities analysts have commented on the stock. Stephens reiterated an “overweight” rating and issued a $475.00 target price on shares of Wingstop in a report on Wednesday, August 14th. TD Cowen reiterated a “buy” rating and set a $450.00 price objective on shares of Wingstop in a research note on Wednesday, July 31st. Stifel Nicolaus raised their target price on shares of Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Thursday, August 1st. Finally, Truist Financial increased their price objective on Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a report on Thursday, August 1st.

Insider Buying and Selling

In other news, SVP Donnie Upshaw sold 3,199 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $372.71, for a total value of $1,192,299.29. Following the sale, the senior vice president now owns 97 shares in the company, valued at $36,152.87. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wingstop

Institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management purchased a new position in shares of Wingstop during the 2nd quarter valued at approximately $27,000. Rise Advisors LLC acquired a new position in shares of Wingstop in the 1st quarter worth approximately $29,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Wingstop in the second quarter valued at $34,000. Massmutual Trust Co. FSB ADV boosted its holdings in Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after acquiring an additional 35 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Wingstop by 53.3% in the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 shares in the last quarter.

Wingstop Price Performance

WING stock opened at $395.00 on Friday. Wingstop has a 1-year low of $173.03 and a 1-year high of $433.86. The business has a 50-day moving average price of $393.36 and a 200 day moving average price of $387.45. The company has a market capitalization of $11.57 billion, a P/E ratio of 140.57, a PEG ratio of 4.15 and a beta of 1.71.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. The business had revenue of $155.70 million during the quarter, compared to analyst estimates of $146.04 million. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The company’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. On average, analysts anticipate that Wingstop will post 3.78 earnings per share for the current fiscal year.

Wingstop Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a $0.27 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.27%. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s dividend payout ratio is presently 38.43%.

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.