Wingstop (NASDAQ:WING) Receives Overweight Rating from Stephens

Stephens reaffirmed their overweight rating on shares of Wingstop (NASDAQ:WING) in a research note released on Tuesday,Benzinga reports. Stephens currently has a $375.00 price objective on the restaurant operator’s stock.

Several other research firms have also weighed in on WING. Weiss Ratings restated a “hold (c+)” rating on shares of Wingstop in a research report on Thursday, October 30th. Benchmark dropped their price target on Wingstop from $410.00 to $340.00 and set a “buy” rating on the stock in a research report on Monday, September 29th. Bank of America dropped their price target on Wingstop from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Friday, July 18th. Wall Street Zen lowered Wingstop from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Finally, Sanford C. Bernstein restated an “overweight” rating and set a $440.00 price target on shares of Wingstop in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $354.24.

Wingstop Price Performance

WING opened at $237.32 on Tuesday. The stock’s 50 day simple moving average is $265.40 and its 200 day simple moving average is $301.08. Wingstop has a 1 year low of $204.00 and a 1 year high of $388.14. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 2.99 and a beta of 1.73.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. The firm had revenue of $175.74 million for the quarter, compared to analyst estimates of $189.10 million. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. As a group, sell-side analysts anticipate that Wingstop will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 21st. Wingstop’s payout ratio is currently 20.00%.

Institutional Trading of Wingstop

Several hedge funds have recently bought and sold shares of WING. Cornerstone Planning Group LLC boosted its stake in shares of Wingstop by 1,650.0% in the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 99 shares during the period. Signaturefd LLC lifted its position in shares of Wingstop by 106.9% in the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock worth $34,000 after buying an additional 77 shares in the last quarter. Quaker Wealth Management LLC lifted its stake in shares of Wingstop by 134.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 408 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of Wingstop in the 2nd quarter valued at approximately $43,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Wingstop by 4,200.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 126 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.