Wingstop (NASDAQ:WING) Price Target Raised to $418.00 at Barclays

Wingstop (NASDAQ:WING) had its target price increased by Barclays from $350.00 to $418.00 in a report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

WING has been the subject of a number of other reports. Bank of America upped their price target on Wingstop from $421.00 to $461.00 and gave the company a buy rating in a research report on Thursday. TD Cowen restated a buy rating and issued a $410.00 target price on shares of Wingstop in a report on Wednesday. Sanford C. Bernstein assumed coverage on Wingstop in a report on Wednesday, February 14th. They set an outperform rating and a $340.00 price target on the stock. Benchmark reissued a hold rating on shares of Wingstop in a research report on Thursday. Finally, Stifel Nicolaus raised their price objective on shares of Wingstop from $270.00 to $330.00 and gave the stock a buy rating in a research report on Friday, February 16th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $330.39.

Wingstop Stock Performance

NASDAQ WING opened at $388.55 on Thursday. Wingstop has a one year low of $150.08 and a one year high of $396.00. The business has a fifty day moving average price of $360.49 and a 200 day moving average price of $288.00. The company has a market cap of $11.41 billion, a P/E ratio of 138.27, a P/E/G ratio of 6.30 and a beta of 1.67.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The firm had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. During the same period last year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. As a group, sell-side analysts predict that Wingstop will post 3.15 EPS for the current fiscal year.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.23%. Wingstop’s dividend payout ratio is presently 31.32%.

Insider Buying and Selling

In other Wingstop news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the transaction, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,901 shares of company stock valued at $5,120,605. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Wingstop

A number of large investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its holdings in Wingstop by 29.4% in the third quarter. American Century Companies Inc. now owns 1,626,558 shares of the restaurant operator’s stock valued at $292,520,000 after purchasing an additional 370,032 shares during the period. Wellington Management Group LLP raised its position in Wingstop by 11.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,167,230 shares of the restaurant operator’s stock valued at $209,915,000 after purchasing an additional 121,134 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Wingstop by 1.8% in the 4th quarter. Federated Hermes Inc. now owns 1,107,852 shares of the restaurant operator’s stock valued at $284,253,000 after buying an additional 19,540 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of Wingstop by 64.3% during the third quarter. Artisan Partners Limited Partnership now owns 1,079,939 shares of the restaurant operator’s stock worth $194,216,000 after buying an additional 422,727 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Wingstop by 155.7% during the fourth quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock worth $224,093,000 after buying an additional 531,880 shares during the period.

Wingstop Company Profile

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.