Wingstop (NASDAQ:WING) Given New $240.00 Price Target at Mizuho

Wingstop (NASDAQ:WING) had its price target trimmed by Mizuho from $280.00 to $240.00 in a research note issued to investors on Friday, MarketBeat.com reports. The firm currently has an outperform rating on the restaurant operator’s stock.

A number of other research firms also recently issued reports on WING. Barclays dropped their price objective on shares of Wingstop from $330.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen raised shares of Wingstop from a “sell” rating to a “hold” rating in a research note on Tuesday, July 14th. BTIG Research reiterated a “buy” rating and issued a $305.00 target price on shares of Wingstop in a research report on Monday, July 13th. DA Davidson reduced their price objective on Wingstop from $230.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Morgan Stanley restated an “overweight” rating and issued a $255.00 price objective on shares of Wingstop in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $255.81.

Wingstop Stock Performance

NASDAQ WING opened at $135.20 on Friday. The stock has a 50-day moving average of $151.74 and a 200 day moving average of $192.82. Wingstop has a one year low of $116.35 and a one year high of $381.45. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 1.61 and a beta of 1.79.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results 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. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The business had revenue of $183.72 million for the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter last year, the company posted $0.99 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Wingstop will post 4.56 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

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

Institutional Investors Weigh In On Wingstop

Several institutional investors have recently bought and sold shares of the business. Vident Advisory LLC boosted its holdings in Wingstop by 3.9% during the fourth quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock worth $229,000 after buying an additional 36 shares in the last quarter. YANKCOM Partnership raised its holdings in shares of Wingstop by 10.1% during the 4th quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 39 shares in the last quarter. Allworth Financial LP boosted its holdings in Wingstop by 17.3% in the third quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 39 shares in the last quarter. Quadrant Capital Group LLC increased its position in Wingstop by 1.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock worth $627,000 after buying an additional 45 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Wingstop by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,672 shares of the restaurant operator’s stock worth $879,000 after buying an additional 59 shares during the last quarter.

Key Wingstop News

Here are the key news stories impacting Wingstop this week:

• Positive Sentiment: Wingstop launched “Wingstop Wing Week,” expanding National Wing Day into a five-day event with free wings, Club Wingstop rewards, and live music giveaways, which could help boost customer traffic and brand engagement. Wingstop Expands Wing Day into Wing Week, Kicking Off a Broader $1 Million in Fan Experiences and Giveaways
• Positive Sentiment: Multiple reports highlighted Wingstop’s National Wing Day promotion expansion, reinforcing that the company is using limited-time offers and giveaways to drive consumer interest. Wingstop is turning National Wing Day into a full week with free wings and daily prize giveaways
• Neutral Sentiment: Brokerage coverage remained constructive overall, with a consensus “Moderate Buy” rating still in place, suggesting analysts remain generally optimistic about the stock’s outlook. Wingstop Inc. (NASDAQ:WING) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Mizuho lowered its price target on Wingstop to $240 from $280, but kept an “outperform” rating, indicating confidence remains intact despite a reduced valuation target. The Fly
• Neutral Sentiment: DA Davidson also cut its price target to $200 from $230 while maintaining a “buy” rating, which may reflect near-term caution but not a change in the firm’s positive view. Benzinga
• Neutral Sentiment: Wingstop announced a restaurant opening in Craigavon, supporting its ongoing expansion strategy, though the article did not indicate a material financial impact. US chicken chain Wingstop in Craigavon restaurant opening

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.