Wingstop (NASDAQ:WING) Price Target Increased to $325.00 by Analysts at BMO Capital Markets

Wingstop (NASDAQ:WING) had its price target upped by BMO Capital Markets from $275.00 to $325.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a market perform rating on the restaurant operator’s stock.

Other equities analysts also recently issued reports about the company. Stephens restated an overweight rating and issued a $425.00 target price on shares of Wingstop in a research note on Wednesday. Citigroup upped their price objective on Wingstop from $320.00 to $375.00 and gave the stock a neutral rating in a research note on Wednesday, April 17th. Morgan Stanley raised their target price on Wingstop from $280.00 to $315.00 and gave the company an equal weight rating in a research note on Friday, April 12th. Robert W. Baird upped their price target on shares of Wingstop from $390.00 to $405.00 and gave the stock an outperform rating in a research report on Thursday. Finally, Jefferies Financial Group lifted their price objective on shares of Wingstop from $310.00 to $335.00 and gave the company a hold rating in a research report on Tuesday, April 16th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wingstop presently has an average rating of Hold and an average price target of $330.39.

Wingstop Stock Performance

Shares of Wingstop stock opened at $388.55 on Thursday. The firm has a market cap of $11.41 billion, a PE ratio of 138.27, a price-to-earnings-growth ratio of 6.42 and a beta of 1.67. Wingstop has a 1 year low of $150.08 and a 1 year high of $396.00. The firm’s 50-day simple moving average is $360.49 and its 200-day simple moving average is $288.72.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The business had revenue of $145.70 million during 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 business’s quarterly revenue was up 34.0% on a year-over-year basis. On average, equities analysts predict that Wingstop will post 3.4 earnings per share for the current year.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.23%. Wingstop’s dividend payout ratio (DPR) is 31.32%.

Insider Transactions at Wingstop

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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction 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 directly owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of Wingstop stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the completion of the transaction, the director now directly owns 5,450 shares in the company, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. Insiders have sold 14,901 shares of company stock valued at $5,120,605 in the last quarter. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

Several hedge funds have recently made changes to their positions in the company. Congress Asset Management Co. MA raised its stake in Wingstop by 0.3% during 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 during the period. Quadrant Capital Group LLC grew its holdings in shares of Wingstop by 16.9% during the fourth quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 38 shares in the last quarter. Kovack Advisors Inc. raised its position in Wingstop by 1.7% during the fourth quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator’s stock valued at $595,000 after buying an additional 39 shares during the period. GAMMA Investing LLC lifted its stake in Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 40 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Wingstop by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 13,150 shares of the restaurant operator’s stock worth $2,365,000 after acquiring an additional 60 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.