Wingstop (NASDAQ:WING) Given New $250.00 Price Target at Stifel Nicolaus

Wingstop (NASDAQ:WING) had its target price cut by Stifel Nicolaus from $325.00 to $250.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other analysts have also recently commented on the company. Melius Research set a $350.00 price objective on Wingstop in a research report on Tuesday, January 20th. Royal Bank Of Canada dropped their target price on Wingstop from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Mizuho cut their price target on Wingstop from $320.00 to $310.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. BTIG Research reaffirmed a “buy” rating and set a $400.00 price target on shares of Wingstop in a research report on Thursday, February 19th. Finally, Loop Capital assumed coverage on shares of Wingstop in a report on Friday, January 9th. They issued a “buy” rating and a $317.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-five have given 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.61.

Wingstop Trading Down 6.4%

Shares of WING stock opened at $155.67 on Thursday. Wingstop has a 12-month low of $155.38 and a 12-month high of $388.14. The stock has a market capitalization of $4.25 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.81 and a beta of 1.82. The firm’s 50 day moving average is $240.10 and its 200 day moving average is $248.40.

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

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be given a $0.30 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a yield of 0.8%. Wingstop’s dividend payout ratio is presently 19.42%.

Insider Transactions at Wingstop

In other news, Director Kilandigalu Madati sold 2,700 shares of Wingstop stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total transaction of $703,971.00. Following the transaction, the director directly owned 2,583 shares of the company’s stock, valued at $673,465.59. The trade was a 51.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wesley S. Mcdonald sold 566 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $250.00, for a total transaction of $141,500.00. Following the completion of the sale, the director directly owned 4,375 shares of the company’s stock, valued at $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. 0.72% of the stock is owned by insiders.

Institutional Trading of Wingstop

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vident Advisory LLC lifted its stake in shares of Wingstop by 3.9% during the 4th quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock valued at $229,000 after buying an additional 36 shares in the last quarter. Allworth Financial LP increased its stake in Wingstop by 17.3% in the 3rd quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock worth $67,000 after buying an additional 39 shares in the last quarter. YANKCOM Partnership increased its stake in Wingstop by 10.1% in the 4th quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock worth $102,000 after buying an additional 39 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Wingstop by 1.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock valued at $627,000 after acquiring an additional 45 shares during the period. Finally, Centaurus Financial Inc. raised its holdings in Wingstop by 0.8% during the second quarter. Centaurus Financial Inc. now owns 5,555 shares of the restaurant operator’s stock valued at $1,870,000 after acquiring an additional 46 shares during the period.

Wingstop Company Profile

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.