Wingstop’s (WING) Hold Rating Reaffirmed at Benchmark

Benchmark reissued their hold rating on shares of Wingstop (NASDAQ:WING) in a research report released on Tuesday morning, Benzinga reports.

Several other analysts have also issued reports on the company. Truist Financial reissued a hold rating and set a $292.00 target price on shares of Wingstop in a report on Monday, April 1st. Wedbush increased their target price on Wingstop from $330.00 to $340.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. Citigroup increased their target price on Wingstop from $320.00 to $375.00 and gave the stock a neutral rating in a report on Wednesday, April 17th. Stifel Nicolaus upped their price objective on Wingstop from $270.00 to $330.00 and gave the stock a buy rating in a research report on Friday, February 16th. Finally, Sanford C. Bernstein started coverage on Wingstop in a research report on Wednesday, February 14th. They set an outperform rating and a $340.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Wingstop currently has a consensus rating of Hold and an average price target of $290.83.

Wingstop Price Performance

Shares of NASDAQ WING opened at $364.73 on Tuesday. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 155.20, a P/E/G ratio of 6.16 and a beta of 1.68. Wingstop has a one year low of $150.08 and a one year high of $379.00. The stock’s fifty day moving average price is $351.10 and its two-hundred day moving average price is $278.19.

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

Wingstop Dividend Announcement

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

Insider Transactions at Wingstop

In other news, CEO Michael Skipworth sold 10,843 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Michael Skipworth sold 10,843 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marisa Carona sold 2,586 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the sale, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The disclosure for this sale can be found here. Insiders sold 14,901 shares of company stock worth $5,120,605 over the last ninety days. 0.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Wingstop

Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its stake in Wingstop by 542.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator’s stock worth $2,764,000 after purchasing an additional 9,097 shares during the period. Comerica Bank acquired a new stake in Wingstop in the third quarter valued at approximately $4,021,000. Strs Ohio grew its stake in Wingstop by 12.4% in the fourth quarter. Strs Ohio now owns 79,100 shares of the restaurant operator’s stock valued at $20,295,000 after acquiring an additional 8,700 shares during the period. Teza Capital Management LLC acquired a new stake in Wingstop in the third quarter valued at approximately $1,961,000. Finally, Legato Capital Management LLC grew its stake in Wingstop by 5.6% in the fourth quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator’s stock valued at $412,000 after acquiring an additional 85 shares during the period.

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.