Wingstop (NASDAQ:WING) Price Target Lowered to $275.00 at Royal Bank Of Canada

Wingstop (NASDAQ:WING) had its price target cut by Royal Bank Of Canada from $340.00 to $275.00 in a research report report published on Monday morning, Marketbeat Ratings reports. They currently have an outperform rating on the restaurant operator’s stock.

A number of other equities research analysts also recently weighed in on the company. Melius Research set a $350.00 price target on Wingstop in a report on Tuesday, January 20th. Stifel Nicolaus reduced their price objective on Wingstop from $325.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Mizuho decreased their price objective on shares of Wingstop from $320.00 to $310.00 and set an “outperform” rating for the company in a report on Friday, January 9th. BTIG Research reiterated a “buy” rating and set a $400.00 target price on shares of Wingstop in a research note on Thursday, February 19th. Finally, DA Davidson started coverage on shares of Wingstop in a research note on Friday, March 6th. They set a “buy” rating and a $330.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.55.

Wingstop Stock Performance

Shares of WING stock opened at $199.01 on Monday. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 2.21 and a beta of 2.03. Wingstop has a one year low of $142.24 and a one year high of $388.14. The company’s 50-day simple moving average is $206.25 and its 200-day simple moving average is $237.32.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.16. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The firm had revenue of $175.69 million during the quarter, compared to analyst estimates of $177.74 million. During the same period in the previous year, the company earned $0.92 earnings per share. Wingstop’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Wingstop will post 4.54 EPS for the current year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were paid a $0.30 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.20 annualized dividend and a dividend yield of 0.6%. Wingstop’s dividend payout ratio (DPR) is presently 19.42%.

Insider Buying and Selling

In related news, Director Kilandigalu Madati sold 2,700 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total value of $703,971.00. Following the completion of the transaction, the director directly owned 2,583 shares of the company’s stock, valued at $673,465.59. This represents a 51.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Wesley S. Mcdonald sold 566 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $250.00, for a total value of $141,500.00. Following the completion of the sale, the director owned 4,375 shares in the company, valued at approximately $1,093,750. This represents a 11.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WING. Cornerstone Planning Group LLC increased its holdings in shares of Wingstop by 1,650.0% during the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 99 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Wingstop by 76.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 60 shares during the period. Rakuten Securities Inc. lifted its holdings in Wingstop by 197.9% in the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 95 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 50 shares in the last quarter. Finally, GW&K Investment Management LLC grew its position in Wingstop by 75.7% in the 4th quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock valued at $45,000 after buying an additional 81 shares in 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.