Wingstop (NASDAQ:WING) Stock Rating Reaffirmed by Benchmark

Benchmark reissued their hold rating on shares of Wingstop (NASDAQ:WING) in a research report sent to investors on Thursday morning, Benzinga reports.

Several other equities research analysts have also issued reports on WING. Wedbush upped their price target on Wingstop from $400.00 to $425.00 and gave the company an outperform rating in a research report on Thursday. TD Cowen restated a buy rating and issued a $410.00 price target on shares of Wingstop in a research report on Wednesday. BMO Capital Markets boosted their price objective on shares of Wingstop from $235.00 to $275.00 and gave the company a market perform rating in a research report on Thursday, February 22nd. Truist Financial reissued a hold rating and issued a $292.00 target price on shares of Wingstop in a report on Monday, April 1st. Finally, Robert W. Baird upped their target price on Wingstop from $390.00 to $405.00 and gave the company an outperform rating in a report on Thursday. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Wingstop currently has an average rating of Hold and an average target price of $330.39.

Wingstop Price Performance

NASDAQ WING opened at $388.55 on Thursday. The company has a market capitalization of $11.41 billion, a price-to-earnings ratio of 138.27, a price-to-earnings-growth ratio of 6.42 and a beta of 1.67. Wingstop has a 12 month low of $150.08 and a 12 month high of $396.00. The company’s fifty day moving average price is $360.49 and its two-hundred day moving average price is $288.72.

Wingstop (NASDAQ:WING) last posted 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 during the quarter, compared to the consensus estimate of $136.34 million. During the same period last year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was up 34.0% compared to the same quarter last year. As a group, analysts anticipate that Wingstop will post 3.4 EPS for the current year.

Wingstop Announces Dividend

The company also recently announced 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 payout ratio is 31.32%.

Insiders Place Their Bets

In other news, SVP Marisa Carona sold 2,586 shares of the business’s stock in a transaction 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 owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Kilandigalu Madati sold 1,472 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 5,450 shares in the company, valued at $1,852,291.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the transaction, the senior vice president now directly owns 1,646 shares in the company, 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. Company insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Wingstop

A number of hedge funds have recently modified their holdings of WING. Commonwealth Equity Services LLC lifted its holdings in shares of Wingstop by 64.6% during the third quarter. Commonwealth Equity Services LLC now owns 2,859 shares of the restaurant operator’s stock valued at $514,000 after purchasing an additional 1,122 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Wingstop by 22.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,985 shares of the restaurant operator’s stock worth $1,076,000 after buying an additional 1,093 shares during the period. Strs Ohio lifted its stake in Wingstop by 101.1% during the third quarter. Strs Ohio now owns 70,400 shares of the restaurant operator’s stock valued at $12,660,000 after buying an additional 35,400 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of Wingstop in the third quarter worth approximately $502,000. Finally, Whittier Trust Co. raised its holdings in shares of Wingstop by 4.2% during the third quarter. Whittier Trust Co. now owns 22,813 shares of the restaurant operator’s stock valued at $4,103,000 after acquiring an additional 916 shares during the period.

About Wingstop

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.