Wingstop (NASDAQ:WING) Price Target Increased to $335.00 by Analysts at Jefferies Financial Group

Wingstop (NASDAQ:WING) had its price objective raised by Jefferies Financial Group from $310.00 to $335.00 in a report published on Tuesday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the restaurant operator’s stock.

WING has been the subject of a number of other reports. Stephens assumed coverage on Wingstop in a research report on Friday, April 12th. They issued an overweight rating and a $425.00 price objective for the company. TD Cowen restated a buy rating and issued a $410.00 price objective on shares of Wingstop in a research report on Wednesday, April 10th. Sanford C. Bernstein began coverage on Wingstop in a research report on Wednesday, February 14th. They issued an outperform rating and a $340.00 price objective for the company. Morgan Stanley boosted their price target on Wingstop from $280.00 to $315.00 and gave the stock an equal weight rating in a research report on Friday, April 12th. Finally, Robert W. Baird boosted their price target on Wingstop from $320.00 to $340.00 and gave the stock an outperform rating in a research report on Thursday, February 22nd. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Wingstop presently has an average rating of Hold and an average target price of $281.00.

Wingstop Stock Up 3.3 %

Wingstop stock opened at $370.67 on Tuesday. Wingstop has a 52 week low of $150.08 and a 52 week high of $379.00. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 157.73, a price-to-earnings-growth ratio of 6.48 and a beta of 1.68. The stock has a 50-day moving average price of $344.96 and a 200 day moving average price of $271.99.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The firm had revenue of $127.06 million during the quarter, compared to the consensus estimate of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Research analysts anticipate that Wingstop will post 3 EPS for the current fiscal year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.24%. The ex-dividend date was Thursday, March 7th. Wingstop’s payout ratio is currently 37.45%.

Insider Buying and Selling

In related news, CEO Michael Skipworth sold 10,843 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the sale, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Kilandigalu Madati sold 1,472 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the sale, the director now directly owns 5,450 shares in the company, valued at $1,852,291.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the transaction, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,901 shares of company stock worth $5,120,605. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WING. McGlone Suttner Wealth Management Inc. purchased a new position in Wingstop during the fourth quarter worth about $28,000. Rise Advisors LLC purchased a new position in Wingstop during the first quarter worth about $29,000. Public Employees Retirement System of Ohio boosted its stake in Wingstop by 39.9% during the third quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock worth $35,000 after buying an additional 79 shares during the period. Headlands Technologies LLC purchased a new position in Wingstop during the third quarter worth about $38,000. Finally, FSC Wealth Advisors LLC purchased a new position in Wingstop during the fourth quarter worth about $39,000.

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.