Weekly Investment Analysts’ Ratings Changes for Wingstop (WING)

Wingstop (NASDAQ: WING) recently received a number of ratings updates from brokerages and research firms:

• 6/18/2024 – Wingstop had its price target raised by analysts at Stifel Nicolaus from $420.00 to $460.00. They now have a “buy” rating on the stock.
• 6/13/2024 – Wingstop is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “neutral” rating and a $407.00 price target on the stock.
• 6/13/2024 – Wingstop had its price target raised by analysts at TD Cowen from $430.00 to $450.00. They now have a “buy” rating on the stock.
• 6/6/2024 – Wingstop had its “buy” rating reaffirmed by analysts at TD Cowen. They now have a $430.00 price target on the stock.
• 5/2/2024 – Wingstop had its price target raised by analysts at Barclays PLC from $350.00 to $418.00. They now have an “overweight” rating on the stock.
• 5/2/2024 – Wingstop had its price target raised by analysts at Wedbush from $400.00 to $425.00. They now have an “outperform” rating on the stock.
• 5/2/2024 – Wingstop had its price target raised by analysts at Robert W. Baird from $390.00 to $405.00. They now have an “outperform” rating on the stock.
• 5/2/2024 – Wingstop had its price target raised by analysts at Citigroup Inc. from $375.00 to $398.00. They now have a “neutral” rating on the stock.
• 5/2/2024 – Wingstop had its price target raised by analysts at BMO Capital Markets from $275.00 to $325.00. They now have a “market perform” rating on the stock.
• 5/2/2024 – Wingstop had its price target raised by analysts at Truist Financial Co. from $320.00 to $345.00. They now have a “hold” rating on the stock.
• 5/2/2024 – Wingstop had its “hold” rating reaffirmed by analysts at Benchmark Co..
• 5/2/2024 – Wingstop had its price target raised by analysts at Bank of America Co. from $421.00 to $461.00. They now have a “buy” rating on the stock.
• 5/1/2024 – Wingstop had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $425.00 price target on the stock.
• 5/1/2024 – Wingstop had its “buy” rating reaffirmed by analysts at TD Cowen. They now have a $410.00 price target on the stock.
• 4/26/2024 – Wingstop had its price target raised by analysts at Wedbush from $340.00 to $400.00. They now have an “outperform” rating on the stock.

Wingstop Price Performance

Wingstop stock opened at $414.76 on Monday. The firm has a 50 day simple moving average of $386.25 and a 200-day simple moving average of $333.79. Wingstop Inc. has a 1-year low of $150.08 and a 1-year high of $430.20. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of 147.60, a price-to-earnings-growth ratio of 5.23 and a beta of 1.70.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The business had revenue of $145.70 million during the quarter, compared to analysts’ expectations of $136.34 million. During the same quarter in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 34.0% on a year-over-year basis. Equities analysts expect that Wingstop Inc. will post 3.4 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.21%. Wingstop’s payout ratio is currently 31.32%.

Insider Buying and Selling

In related news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the completion of the transaction, the senior vice president now owns 8,170 shares of the company’s stock, valued at approximately $3,238,588. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now directly owns 8,170 shares in the company, valued at approximately $3,238,588. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kate S. Lavelle sold 750 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $394.57, for a total transaction of $295,927.50. Following the sale, the director now owns 3,567 shares in the company, valued at $1,407,431.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,191 shares of company stock valued at $2,443,547. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

Hedge funds have recently added to or reduced their stakes in the business. Congress Asset Management Co. MA raised its holdings in shares of Wingstop by 0.3% in the 4th quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator’s stock valued at $2,920,000 after purchasing an additional 34 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Wingstop by 16.9% in the 4th quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 38 shares in the last quarter. Kovack Advisors Inc. raised its holdings in shares of Wingstop by 1.7% in the 4th quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator’s stock valued at $595,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Wingstop by 53.3% in the 1st 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. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Wingstop by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 13,150 shares of the restaurant operator’s stock valued at $2,365,000 after purchasing an additional 60 shares in the last quarter.

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.