Wingstop (NASDAQ:WING) Stock Rating Reaffirmed by Stephens

Stephens restated their overweight rating on shares of Wingstop (NASDAQ:WING) in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has a $425.00 price objective on the restaurant operator’s stock.

WING has been the subject of a number of other reports. Morgan Stanley raised their target price on Wingstop from $280.00 to $315.00 and gave the stock an equal weight rating in a research note on Friday, April 12th. Citigroup lifted their target price on shares of Wingstop from $320.00 to $375.00 and gave the stock a neutral rating in a research note on Wednesday, April 17th. Benchmark reiterated a hold rating on shares of Wingstop in a report on Tuesday, April 23rd. Wedbush raised their price target on shares of Wingstop from $340.00 to $400.00 and gave the stock an outperform rating in a report on Friday, April 26th. Finally, Truist Financial reiterated a hold rating and issued a $292.00 price objective on shares of Wingstop in a report on Monday, April 1st. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Wingstop currently has an average rating of Hold and a consensus price target of $330.39.

Wingstop Trading Up 1.8 %

WING opened at $388.55 on Wednesday. Wingstop has a twelve month low of $150.08 and a twelve month high of $396.00. The firm has a market capitalization of $11.41 billion, a PE ratio of 138.27, a PEG ratio of 6.42 and a beta of 1.67. The firm’s 50-day moving average price is $360.49 and its 200 day moving average price is $288.72.

Wingstop (NASDAQ:WING) last issued its 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 negative return on equity of 19.64% and a net margin of 16.75%. The business had revenue of $145.70 million for the quarter, compared to analysts’ expectations of $136.34 million. During the same period in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. As a group, analysts predict that Wingstop will post 3.4 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.23%. Wingstop’s payout ratio is 31.32%.

Insider Transactions at Wingstop

In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of the firm’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 sale, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Wingstop news, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total value of $500,288.64. Following the transaction, the director now directly owns 5,450 shares in the company, valued at $1,852,291.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the sale, 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 three months, insiders sold 14,901 shares of company stock valued at $5,120,605. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Congress Asset Management Co. MA lifted its position in Wingstop by 0.3% in the fourth quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator’s stock valued at $2,920,000 after acquiring an additional 34 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Wingstop by 16.9% in the 4th quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 38 shares during the last quarter. Kovack Advisors Inc. boosted its position in shares of Wingstop by 1.7% in the 4th quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator’s stock valued at $595,000 after purchasing an additional 39 shares during the period. GAMMA Investing LLC grew its stake in Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after buying an additional 40 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Wingstop by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 13,150 shares of the restaurant operator’s stock worth $2,365,000 after buying an additional 60 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.