Wingstop Inc. (NASDAQ:WING) Given Consensus Recommendation of “Hold” by Analysts

Wingstop Inc. (NASDAQ:WING) has earned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $290.83.

A number of analysts have recently commented on the company. Robert W. Baird boosted their price objective on Wingstop from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Stifel Nicolaus boosted their price target on Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Stephens began coverage on Wingstop in a research report on Friday, April 12th. They set an “overweight” rating and a $425.00 price target for the company. Sanford C. Bernstein began coverage on Wingstop in a research report on Wednesday, February 14th. They set an “outperform” rating and a $340.00 price target for the company. Finally, TD Cowen reiterated a “buy” rating and set a $410.00 price target on shares of Wingstop in a research report on Wednesday, April 10th.

Insider Activity

In other news, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the transaction, the chief executive officer now owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the transaction, the director now owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the sale, the chief executive officer now owns 17,107 shares in the company, valued at approximately $5,771,901.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,901 shares of company stock valued at $5,120,605 in the last quarter. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

Several large investors have recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Wingstop in the 4th quarter valued at about $28,000. Rise Advisors LLC purchased a new position in Wingstop during the 1st quarter worth approximately $29,000. Public Employees Retirement System of Ohio grew its stake in Wingstop by 39.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock worth $35,000 after buying an additional 79 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Wingstop during the 3rd quarter worth approximately $38,000. Finally, FSC Wealth Advisors LLC acquired a new stake in Wingstop during the 4th quarter worth approximately $39,000.

Wingstop Trading Down 0.9 %

Shares of NASDAQ:WING opened at $356.40 on Friday. Wingstop has a 12-month low of $150.08 and a 12-month high of $379.00. The company has a market capitalization of $10.47 billion, a PE ratio of 151.66, a PEG ratio of 6.57 and a beta of 1.68. The business has a 50 day moving average of $347.54 and a two-hundred day moving average of $273.19.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The business’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. Equities research analysts predict that Wingstop will post 3 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Thursday, March 7th. Wingstop’s dividend payout ratio (DPR) is presently 37.45%.

About Wingstop

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.