Brokerages Set Wingstop Inc. (NASDAQ:WING) Price Target at $375.63

Wingstop Inc. (NASDAQ:WING) has been given an average recommendation of “Moderate Buy” by the nineteen analysts that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $373.00.

A number of research analysts have weighed in on WING shares. Stephens cut their target price on shares of Wingstop from $490.00 to $468.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. BTIG Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective for the company in a research report on Thursday, October 31st. Truist Financial upped their price objective on shares of Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Wedbush reaffirmed an “outperform” rating and set a $390.00 price objective on shares of Wingstop in a research report on Tuesday. Finally, Citigroup upped their price objective on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research report on Friday, October 4th.

Institutional Investors Weigh In On Wingstop

Hedge funds have recently bought and sold shares of the company. Illinois Municipal Retirement Fund bought a new position in Wingstop in the first quarter valued at $1,355,000. CWM LLC grew its position in shares of Wingstop by 206.6% in the 2nd quarter. CWM LLC now owns 2,287 shares of the restaurant operator’s stock valued at $967,000 after acquiring an additional 1,541 shares during the period. BNP Paribas Financial Markets grew its position in shares of Wingstop by 1,308.1% in the 1st quarter. BNP Paribas Financial Markets now owns 24,951 shares of the restaurant operator’s stock valued at $9,142,000 after acquiring an additional 23,179 shares during the period. Hancock Whitney Corp bought a new position in shares of Wingstop in the 1st quarter valued at about $1,696,000. Finally, Driehaus Capital Management LLC grew its position in shares of Wingstop by 4.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 193,307 shares of the restaurant operator’s stock valued at $81,703,000 after acquiring an additional 7,600 shares during the period.

Wingstop Trading Up 5.2 %

Shares of NASDAQ:WING opened at $331.89 on Tuesday. The stock has a market capitalization of $9.69 billion, a PE ratio of 96.76, a P/E/G ratio of 2.74 and a beta of 1.76. Wingstop has a 1 year low of $204.01 and a 1 year high of $433.86. The firm has a fifty day moving average price of $381.45 and a 200 day moving average price of $385.89.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). The firm had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The firm’s revenue was up 38.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. On average, sell-side analysts forecast that Wingstop will post 3.72 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company 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. The ex-dividend date is Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 0.33%. Wingstop’s dividend payout ratio (DPR) 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.