Wingstop (NASDAQ:WING) Price Target Cut to $200.00 by Analysts at DA Davidson

Wingstop (NASDAQ:WINGFree Report) had its price target cut by DA Davidson from $230.00 to $200.00 in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a buy rating on the restaurant operator’s stock.

Several other equities research analysts have also recently issued reports on WING. Benchmark cut their price target on Wingstop from $320.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Mizuho set a $280.00 target price on Wingstop in a research report on Friday, June 5th. Guggenheim reduced their target price on Wingstop from $255.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Raymond James Financial upgraded Wingstop from an “outperform” rating to a “strong-buy” rating and decreased their price target for the stock from $325.00 to $240.00 in a research report on Thursday, April 2nd. Finally, Piper Sandler raised Wingstop from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $283.00 to $190.00 in a research note on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $257.30.

Get Our Latest Stock Report on Wingstop

Wingstop Stock Performance

WING stock opened at $134.86 on Thursday. Wingstop has a 52 week low of $116.35 and a 52 week high of $381.45. The company has a market capitalization of $3.67 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 1.65 and a beta of 1.79. The company’s 50-day simple moving average is $151.62 and its 200 day simple moving average is $193.22.

Wingstop (NASDAQ:WINGGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The business had revenue of $183.72 million during the quarter, compared to analysts’ expectations of $187.82 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 EPS. On average, analysts forecast that Wingstop will post 4.56 EPS for the current year.

Wingstop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 15th. Wingstop’s dividend payout ratio (DPR) is currently 29.85%.

Institutional Trading of Wingstop

Several institutional investors and hedge funds have recently modified their holdings of WING. SBI Securities Co. Ltd. grew its position in Wingstop by 76.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 60 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in shares of 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 acquiring an additional 95 shares during the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Wingstop by 75.7% in the fourth quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 81 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Wingstop in the 2nd quarter valued at approximately $46,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 119 shares in the last quarter.

Trending Headlines about Wingstop

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About Wingstop

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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.

Further Reading

Analyst Recommendations for Wingstop (NASDAQ:WING)

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