Wingstop (NASDAQ:WING) Price Target Cut to $255.00 by Analysts at UBS Group

Wingstop (NASDAQ:WING) had its price target decreased by UBS Group from $300.00 to $255.00 in a research report released on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the restaurant operator’s stock.

WING has been the subject of several other research reports. Jefferies Financial Group upgraded Wingstop from a “hold” rating to a “buy” rating and set a $270.00 target price for the company in a research report on Monday, March 31st. Raymond James restated an “outperform” rating and set a $330.00 target price (down previously from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Truist Financial cut their price objective on Wingstop from $265.00 to $242.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley decreased their target price on Wingstop from $389.00 to $375.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Finally, Barclays reduced their price target on shares of Wingstop from $315.00 to $260.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $332.17.

Wingstop Trading Down 1.2 %

Shares of WING stock opened at $224.67 on Monday. The stock has a 50 day moving average of $225.30 and a two-hundred day moving average of $282.89. Wingstop has a 12 month low of $204.00 and a 12 month high of $433.86. The company has a market capitalization of $6.27 billion, a P/E ratio of 60.56, a P/E/G ratio of 2.27 and a beta of 2.02.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.48%. Wingstop’s dividend payout ratio (DPR) is currently 29.11%.

Institutional Trading of Wingstop

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Verdence Capital Advisors LLC raised its holdings in shares of Wingstop by 3.9% in the fourth quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator’s stock valued at $256,000 after purchasing an additional 34 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in shares of Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 35 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Wingstop by 34.9% in the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 37 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Wingstop by 4.9% in the fourth quarter. Tidal Investments LLC now owns 795 shares of the restaurant operator’s stock valued at $226,000 after buying an additional 37 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Wingstop by 0.5% in the fourth quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator’s stock valued at $2,415,000 after buying an additional 42 shares in the last quarter.

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.