Wingstop (NASDAQ:WING) Price Target Increased to $405.00 by Analysts at Robert W. Baird

Wingstop (NASDAQ:WING) had its target price hoisted by Robert W. Baird from $390.00 to $405.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

A number of other research firms also recently commented on WING. Sanford C. Bernstein initiated coverage on shares of Wingstop in a research report on Wednesday, February 14th. They issued an outperform rating and a $340.00 target price on the stock. Stephens reissued an overweight rating and issued a $425.00 target price on shares of Wingstop in a research report on Wednesday. Citigroup lifted their price target on Wingstop from $320.00 to $375.00 and gave the stock a neutral rating in a research report on Wednesday, April 17th. Wedbush boosted their price objective on Wingstop from $340.00 to $400.00 and gave the company an outperform rating in a research note on Friday, April 26th. Finally, Stifel Nicolaus raised their target price on shares of Wingstop from $270.00 to $330.00 and gave the stock a buy rating in a research report on Friday, February 16th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $330.39.

Wingstop Stock Performance

NASDAQ:WING opened at $388.55 on Thursday. Wingstop has a 1 year low of $150.08 and a 1 year high of $396.00. The stock has a market cap of $11.41 billion, a P/E ratio of 138.27, a P/E/G ratio of 6.42 and a beta of 1.67. The stock has a 50-day simple moving average of $360.49 and a 200-day simple moving average of $288.72.

Wingstop (NASDAQ:WING) last posted 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. The firm had revenue of $145.70 million during the quarter, compared to analysts’ expectations of $136.34 million. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The firm’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. On average, equities research analysts predict that Wingstop will post 3.4 EPS for the current year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued 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 yield of 0.23%. Wingstop’s dividend payout ratio is currently 31.32%.

Insider Activity at Wingstop

In other news, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the transaction, the director now directly owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the transaction, the director now directly owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Marisa Carona sold 2,586 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the completion of the transaction, the senior vice president now 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 a total of 14,901 shares of company stock worth $5,120,605 over the last 90 days. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

Institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in Wingstop by 542.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator’s stock valued at $2,764,000 after purchasing an additional 9,097 shares during the last quarter. Comerica Bank acquired a new stake in Wingstop in the 3rd quarter valued at about $4,021,000. Strs Ohio increased its holdings in Wingstop by 12.4% during the 4th 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 in the last quarter. Teza Capital Management LLC acquired a new position in Wingstop during the third quarter worth about $1,961,000. Finally, Legato Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 85 shares in the last quarter.

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.