Analysts Set Wingstop Inc. (NASDAQ:WING) Target Price at $331.50

Shares of Wingstop Inc. (NASDAQ:WING) have been given an average rating of “Hold” by the eighteen brokerages that are currently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $331.50.

WING has been the subject of several research analyst reports. Bank of America upped their price target on shares of Wingstop from $421.00 to $461.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Stifel Nicolaus upped their price target 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. Truist Financial upped their price target on shares of Wingstop from $320.00 to $345.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Citigroup upped their price objective on shares of Wingstop from $375.00 to $398.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Robert W. Baird upped their price objective on shares of Wingstop from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd.

Wingstop Stock Performance

Shares of Wingstop stock opened at $410.99 on Friday. The firm has a 50-day simple moving average of $377.58 and a two-hundred day simple moving average of $324.07. The company has a market cap of $12.04 billion, a P/E ratio of 143.67, a price-to-earnings-growth ratio of 5.08 and a beta of 1.70. Wingstop has a fifty-two week low of $150.08 and a fifty-two week high of $412.26.

Wingstop (NASDAQ:WING) last released 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 during the quarter, compared to the consensus estimate of $136.34 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. Equities research analysts forecast that Wingstop will post 3.39 EPS for the current year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.21%. Wingstop’s dividend payout ratio (DPR) is 31.32%.

Insider Transactions at Wingstop

In other news, Director Kate S. Lavelle sold 750 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $394.57, for a total value of $295,927.50. Following the transaction, the director now directly owns 3,567 shares in the company, valued at approximately $1,407,431.19. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Albert G. Mcgrath sold 4,230 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total value of $1,676,772.00. Following the transaction, the senior vice president now directly owns 8,170 shares in the company, valued at approximately $3,238,588. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kate S. Lavelle sold 750 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $394.57, for a total transaction of $295,927.50. Following the completion of the transaction, the director now owns 3,567 shares in the company, valued at $1,407,431.19. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,191 shares of company stock worth $2,443,547. 0.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wingstop

A number of hedge funds have recently added to or reduced their stakes in WING. Amalgamated Bank lifted its holdings in Wingstop by 4.0% during the 3rd quarter. Amalgamated Bank now owns 22,405 shares of the restaurant operator’s stock worth $4,029,000 after buying an additional 857 shares in the last quarter. Swiss National Bank lifted its holdings in Wingstop by 0.9% during the 3rd quarter. Swiss National Bank now owns 65,900 shares of the restaurant operator’s stock worth $11,851,000 after buying an additional 600 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Wingstop by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 276,190 shares of the restaurant operator’s stock worth $49,670,000 after buying an additional 19,842 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Wingstop by 21.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,357 shares of the restaurant operator’s stock worth $604,000 after buying an additional 587 shares in the last quarter. Finally, Pathstone Family Office LLC lifted its holdings in Wingstop by 40.6% during the 3rd quarter. Pathstone Family Office LLC now owns 2,745 shares of the restaurant operator’s stock worth $494,000 after buying an additional 792 shares in the last quarter.

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.