Wingstop (NASDAQ:WING) Price Target Raised to $418.00 at Barclays

Wingstop (NASDAQ:WING) had its price objective upped by Barclays from $350.00 to $418.00 in a report issued on Thursday, Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

A number of other equities research analysts have also issued reports on the stock. Truist Financial raised their price target on shares of Wingstop from $320.00 to $345.00 and gave the stock a hold rating in a report on Thursday. TD Cowen restated a buy rating and set a $410.00 price target on shares of Wingstop in a report on Wednesday. Citigroup increased their price objective on Wingstop from $320.00 to $375.00 and gave the stock a neutral rating in a report on Wednesday, April 17th. Stephens reissued an overweight rating and set a $425.00 target price on shares of Wingstop in a research note on Wednesday. Finally, Sanford C. Bernstein started coverage on Wingstop in a research note on Wednesday, February 14th. They issued an outperform rating and a $340.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Wingstop has a consensus rating of Hold and a consensus target price of $330.39.

Wingstop Trading Up 1.8 %

WING opened at $388.55 on Thursday. Wingstop has a 12 month low of $150.08 and a 12 month high of $396.00. The business’s 50-day moving average price is $360.49 and its 200-day moving average price is $288.72. The company 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.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $136.34 million. During the same period in the previous year, the firm earned $0.59 EPS. The business’s quarterly revenue was up 34.0% on a year-over-year basis. Equities research analysts forecast that Wingstop will post 3.4 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.23%. Wingstop’s dividend payout ratio is currently 31.32%.

Insider Buying and Selling

In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the sale, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the transaction, the chief executive officer now owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction dated 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 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 worth $5,120,605 in the last 90 days. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

Several institutional investors and hedge funds have recently made changes to their positions in WING. Congress Asset Management Co. MA boosted 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 last quarter. Quadrant Capital Group LLC increased its holdings in Wingstop by 16.9% in the 4th quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock worth $67,000 after buying an additional 38 shares in the last quarter. Kovack Advisors Inc. raised its position in Wingstop by 1.7% in the 4th quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator’s stock worth $595,000 after buying an additional 39 shares during the last quarter. GAMMA Investing LLC lifted its stake in Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 40 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of 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 valued at $2,365,000 after acquiring an additional 60 shares during 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.