Wingstop Inc. (NASDAQ:WING) Receives Average Recommendation of “Hold” from Brokerages

Shares of Wingstop Inc. (NASDAQ:WING) have been given an average rating of “Hold” by the eighteen analysts that are presently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $290.83.

Several analysts have weighed in on the stock. Truist Financial reissued a “hold” rating and set a $292.00 target price on shares of Wingstop in a research report on Monday, April 1st. Sanford C. Bernstein started coverage on shares of Wingstop in a research report on Wednesday, February 14th. They set an “outperform” rating and a $340.00 target price on the stock. Citigroup lifted their price objective on shares of Wingstop from $320.00 to $375.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Benchmark reiterated a “hold” rating on shares of Wingstop in a research note on Tuesday. Finally, Stifel Nicolaus increased their price objective on shares of Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, February 16th.

Insider Buying and Selling at Wingstop

In other news, SVP Marisa Carona sold 2,586 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the sale, the senior vice president now directly owns 1,646 shares in the company, valued at $612,246.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Marisa Carona sold 2,586 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the sale, the senior vice president now directly owns 1,646 shares in the company, valued at $612,246.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the sale, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $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 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

Hedge funds and other institutional investors have recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Wingstop during the fourth quarter worth about $28,000. Rise Advisors LLC acquired a new stake in Wingstop during the first quarter worth about $29,000. Headlands Technologies LLC acquired a new stake in Wingstop during the third quarter worth about $38,000. FSC Wealth Advisors LLC acquired a new stake in Wingstop during the fourth quarter worth about $39,000. Finally, GAMMA Investing LLC increased its position in Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 40 shares during the last quarter.

Wingstop Price Performance

Shares of WING opened at $369.90 on Friday. The company has a 50-day moving average of $352.20 and a 200 day moving average of $278.78. Wingstop has a 1-year low of $150.08 and a 1-year high of $379.00. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 157.40, a PEG ratio of 6.27 and a beta of 1.68.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The firm had revenue of $127.06 million for the quarter, compared to the consensus estimate of $120.47 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities analysts anticipate that Wingstop will post 3.02 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.24%. The ex-dividend date was Thursday, March 7th. Wingstop’s payout ratio is 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.