Wingstop (NASDAQ:WING) Given New $225.00 Price Target at Wells Fargo & Company

Wingstop (NASDAQ:WING) had its target price cut by Wells Fargo & Company from $330.00 to $225.00 in a research note released on Tuesday,Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

WING has been the topic of several other reports. DA Davidson began coverage on shares of Wingstop in a research note on Friday, March 6th. They issued a “buy” rating and a $330.00 price objective on the stock. Stephens restated an “overweight” rating and issued a $375.00 target price on shares of Wingstop in a research note on Thursday, February 19th. Barclays lowered their target price on shares of Wingstop from $335.00 to $330.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Melius Research set a $350.00 price target on shares of Wingstop in a report on Tuesday, January 20th. Finally, Loop Capital started coverage on shares of Wingstop in a research report on Friday, January 9th. They issued a “buy” rating and a $317.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $328.93.

Wingstop Trading Up 0.2%

Wingstop stock opened at $154.97 on Tuesday. The stock has a 50 day moving average of $232.93 and a two-hundred day moving average of $245.22. Wingstop has a twelve month low of $150.86 and a twelve month high of $388.14. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 1.70 and a beta of 1.82.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The business had revenue of $175.69 million for the quarter, compared to analyst estimates of $177.74 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts predict that Wingstop will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. Wingstop’s dividend payout ratio is 19.42%.

Insider Transactions at Wingstop

In related news, Director Kilandigalu Madati sold 2,700 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total transaction of $703,971.00. Following the sale, the director owned 2,583 shares of the company’s stock, valued at approximately $673,465.59. The trade was a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wesley S. Mcdonald sold 566 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $250.00, for a total transaction of $141,500.00. Following the transaction, the director owned 4,375 shares in the company, valued at $1,093,750. The trade was a 11.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Wingstop

A number of hedge funds and other institutional investors have recently modified their holdings of WING. WCM Investment Management LLC boosted its position in Wingstop by 123.9% during the third quarter. WCM Investment Management LLC now owns 102,687 shares of the restaurant operator’s stock worth $25,861,000 after purchasing an additional 56,833 shares in the last quarter. Lone Pine Capital LLC purchased a new position in shares of Wingstop in the third quarter valued at $375,317,000. TD Asset Management Inc increased its position in shares of Wingstop by 17.1% in the third quarter. TD Asset Management Inc now owns 57,586 shares of the restaurant operator’s stock valued at $14,493,000 after buying an additional 8,414 shares in the last quarter. Capital World Investors raised its stake in shares of Wingstop by 160.6% during the 3rd quarter. Capital World Investors now owns 740,896 shares of the restaurant operator’s stock worth $186,469,000 after buying an additional 456,637 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Wingstop by 287.3% during the 3rd quarter. SG Americas Securities LLC now owns 6,329 shares of the restaurant operator’s stock worth $1,593,000 after buying an additional 4,695 shares during the last quarter.

About Wingstop

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.