Wingstop (NASDAQ:WING) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Wingstop (NASDAQ:WING) to a strong-buy rating in a research report released on Wednesday, MarketBeat reports.

Other research analysts also recently issued reports about the company. Citigroup downgraded Wingstop from a “neutral” rating to a “cautious” rating in a report on Wednesday, June 25th. Robert W. Baird lifted their price target on Wingstop from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, May 23rd. Guggenheim lifted their price target on Wingstop from $280.00 to $325.00 and gave the company a “buy” rating in a report on Friday, May 9th. The Goldman Sachs Group lifted their price target on Wingstop from $310.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, BTIG Research lifted their price target on Wingstop from $350.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $358.83.

Wingstop Stock Down 0.6%

WING opened at $328.21 on Wednesday. The stock’s fifty day moving average is $332.77 and its two-hundred day moving average is $281.73. The company has a market capitalization of $9.16 billion, a P/E ratio of 54.98, a PEG ratio of 4.61 and a beta of 1.84. Wingstop has a 52 week low of $204.00 and a 52 week high of $433.86.

Wingstop (NASDAQ:WING) last released its quarterly earnings data 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 the consensus estimate of $172.25 million. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. Wingstop’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. Equities analysts anticipate that Wingstop will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $0.27 per share. The ex-dividend date was Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a yield of 0.33%. Wingstop’s dividend payout ratio is currently 18.09%.

Insider Transactions at Wingstop

In other Wingstop news, CEO Michael Skipworth sold 10,000 shares of Wingstop stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the completion of the sale, the chief executive officer owned 47,190 shares of the company’s stock, valued at approximately $15,919,074.60. The trade was a 17.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $273.07, for a total value of $173,945.59. Following the sale, the senior vice president directly owned 517 shares of the company’s stock, valued at approximately $141,177.19. This represents a 55.20% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Institutional Trading of Wingstop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WING. Enhancing Capital LLC purchased a new position in shares of Wingstop during the 2nd quarter valued at about $521,000. Kaufman Rossin Wealth LLC purchased a new position in shares of Wingstop during the 2nd quarter valued at about $208,000. Farther Finance Advisors LLC raised its stake in shares of Wingstop by 16.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 223 shares of the restaurant operator’s stock valued at $75,000 after buying an additional 32 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Wingstop by 46.3% during the 2nd quarter. UMB Bank n.a. now owns 395 shares of the restaurant operator’s stock valued at $133,000 after buying an additional 125 shares during the last quarter. Finally, Diversified Trust Co raised its stake in shares of Wingstop by 27.8% during the 2nd quarter. Diversified Trust Co now owns 5,720 shares of the restaurant operator’s stock valued at $1,926,000 after buying an additional 1,246 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.