Wingstop (NASDAQ:WING) Upgraded at Gordon Haskett

Gordon Haskett upgraded shares of Wingstop (NASDAQ:WING) to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

A number of other analysts have also issued reports on WING. BMO Capital Markets lowered their target price on Wingstop from $335.00 to $300.00 and set a “market perform” rating on the stock in a report on Thursday, February 20th. The Goldman Sachs Group boosted their target price on shares of Wingstop from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company increased their price target on shares of Wingstop from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday. Robert W. Baird dropped their price objective on shares of Wingstop from $375.00 to $350.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Finally, Barclays reduced their target price on shares of Wingstop from $315.00 to $260.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $320.05.

Wingstop Price Performance

Shares of NASDAQ WING opened at $270.11 on Wednesday. Wingstop has a one year low of $204.00 and a one year high of $433.86. The business’s 50-day moving average price is $226.65 and its two-hundred day moving average price is $280.59. The company has a market capitalization of $7.54 billion, a P/E ratio of 72.81, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. The company had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. Wingstop’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. On average, equities analysts anticipate that Wingstop will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 16th. This represents a $1.08 annualized dividend and a yield of 0.40%. Wingstop’s dividend payout ratio is presently 29.11%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Tidal Investments LLC increased its position in shares of Wingstop by 7.8% during the third quarter. Tidal Investments LLC now owns 758 shares of the restaurant operator’s stock worth $315,000 after buying an additional 55 shares during the period. Franklin Resources Inc. grew its holdings in Wingstop by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator’s stock worth $326,020,000 after acquiring an additional 7,204 shares during the period. Everence Capital Management Inc. bought a new position in shares of Wingstop in the 4th quarter worth about $259,000. Diversified Trust Co acquired a new position in shares of Wingstop in the 4th quarter valued at about $427,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Wingstop by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,135 shares of the restaurant operator’s stock valued at $1,459,000 after purchasing an additional 65 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.