Brokerages Set Wingstop Inc. (NASDAQ:WING) PT at $336.07

Shares of Wingstop Inc. (NASDAQ:WING) have been given a consensus recommendation of “Moderate Buy” by the thirty-three ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and four have assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $336.0741.

A number of research firms recently weighed in on WING. The Goldman Sachs Group reiterated a “buy” rating and issued a $335.00 price objective on shares of Wingstop in a research note on Wednesday, February 18th. Morgan Stanley decreased their price objective on Wingstop from $363.00 to $345.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Stifel Nicolaus raised their target price on Wingstop from $290.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Wells Fargo & Company decreased their price target on Wingstop from $365.00 to $330.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Truist Financial set a $374.00 price target on shares of Wingstop and gave the stock a “buy” rating in a report on Wednesday, February 18th.

Insider Transactions at Wingstop

In other Wingstop news, Director Wesley S. Mcdonald sold 566 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $250.00, for a total value of $141,500.00. Following the transaction, the director directly owned 4,375 shares in the company, valued at $1,093,750. This represents a 11.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Wingstop

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC raised its position in shares of Wingstop by 1,650.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Wingstop by 76.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 60 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Wingstop by 197.9% during the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 95 shares during the last quarter. Quaker Wealth Management LLC raised its holdings in shares of Wingstop by 134.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 408 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its position in Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after buying an additional 50 shares during the last quarter.

Wingstop Price Performance

Shares of NASDAQ WING opened at $254.20 on Monday. The stock has a market capitalization of $6.99 billion, a PE ratio of 41.13, a P/E/G ratio of 2.70 and a beta of 1.80. Wingstop has a one year low of $204.00 and a one year high of $388.14. The business’s fifty day moving average price is $260.57 and its 200-day moving average price is $265.21.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. The business had revenue of $175.69 million for the quarter, compared to analysts’ expectations of $177.74 million. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. As a group, equities analysts expect that Wingstop will post 4.18 EPS for the current fiscal year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. Wingstop’s dividend payout ratio is presently 19.42%.

About Wingstop

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.