Wingstop Inc. (NASDAQ:WING) Receives $352.39 Average Target Price from Analysts

Wingstop Inc. (NASDAQ:WING) has received a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $352.39.

Several analysts have weighed in on WING shares. Wedbush boosted their price target on Wingstop from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. The Goldman Sachs Group started coverage on Wingstop in a research note on Thursday, June 13th. They set a “neutral” rating and a $407.00 price target on the stock. Bank of America boosted their price target on Wingstop from $421.00 to $461.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Stephens reiterated an “overweight” rating and set a $425.00 price target on shares of Wingstop in a research note on Wednesday, May 1st. Finally, BMO Capital Markets boosted their price target on Wingstop from $275.00 to $325.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd.

Insider Buying and Selling

In related news, Director Kilandigalu Madati sold 645 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total value of $255,252.30. Following the completion of the transaction, the director now owns 5,147 shares of the company’s stock, valued at approximately $2,036,873.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Wingstop news, Director Kilandigalu Madati sold 645 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total transaction of $255,252.30. Following the completion of the transaction, the director now owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $1,676,772.00. Following the transaction, the senior vice president now directly owns 8,170 shares of the company’s stock, valued at approximately $3,238,588. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,191 shares of company stock valued at $2,443,547. 0.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wingstop

Hedge funds have recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Wingstop during the fourth quarter valued at approximately $28,000. Rise Advisors LLC acquired a new stake in shares of Wingstop in the first quarter valued at approximately $29,000. FSC Wealth Advisors LLC purchased a new position in Wingstop during the fourth quarter worth approximately $39,000. Massmutual Trust Co. FSB ADV lifted its position in Wingstop by 60.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after buying an additional 35 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after buying an additional 40 shares in the last quarter.

Wingstop Price Performance

Shares of WING stock opened at $418.72 on Wednesday. Wingstop has a 1-year low of $150.08 and a 1-year high of $431.03. The stock’s fifty day moving average price is $397.76 and its 200 day moving average price is $344.58. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 149.01, a price-to-earnings-growth ratio of 5.35 and a beta of 1.69.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The firm had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. As a group, equities research analysts anticipate that Wingstop will post 3.4 earnings per share for the current year.

Wingstop Announces Dividend

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

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.