Wingstop (NASDAQ:WING) Price Target Raised to $460.00

Wingstop (NASDAQ:WING) had its price objective lifted by Stifel Nicolaus from $420.00 to $460.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other research firms have also recently commented on WING. Morgan Stanley increased their target price on Wingstop from $280.00 to $315.00 and gave the company an equal weight rating in a research note on Friday, April 12th. Jefferies Financial Group raised their target price on shares of Wingstop from $310.00 to $335.00 and gave the company a hold rating in a research note on Tuesday, April 16th. Stephens reissued an overweight rating and set a $425.00 price target on shares of Wingstop in a research report on Wednesday, May 1st. Robert W. Baird lifted their target price on shares of Wingstop from $390.00 to $405.00 and gave the stock an outperform rating in a research report on Thursday, May 2nd. Finally, Barclays lifted their target price on shares of Wingstop from $350.00 to $418.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $343.37.

Wingstop Stock Down 4.7 %

Shares of NASDAQ WING opened at $408.69 on Tuesday. Wingstop has a twelve month low of $150.08 and a twelve month high of $430.20. The stock’s 50 day moving average price is $385.26 and its 200-day moving average price is $331.38. The company has a market capitalization of $11.97 billion, a PE ratio of 145.44, a PEG ratio of 5.49 and a beta of 1.70.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.22. The firm had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The business’s quarterly revenue was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 earnings per share. As a group, research analysts expect that Wingstop will post 3.4 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Thursday, May 16th. Wingstop’s dividend payout ratio (DPR) is presently 31.32%.

Insider Transactions at Wingstop

In other news, Director Ania Smith sold 566 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total transaction of $215,595.06. Following the transaction, the director now directly owns 1,164 shares in the company, valued at $443,379.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Wingstop news, Director Kilandigalu Madati sold 645 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total value of $255,252.30. Following the completion of the transaction, the director now owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ania Smith sold 566 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $380.91, for a total transaction of $215,595.06. Following the completion of the transaction, the director now directly owns 1,164 shares of the company’s stock, valued at approximately $443,379.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,191 shares of company stock valued at $2,443,547. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Wingstop during the fourth quarter worth $28,000. Rise Advisors LLC acquired a new stake in shares of Wingstop in the first quarter valued at about $29,000. FSC Wealth Advisors LLC acquired a new stake in shares of Wingstop in the fourth quarter valued at about $39,000. GAMMA Investing LLC boosted 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 acquiring an additional 40 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in Wingstop during the fourth quarter worth about $47,000.

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.