Wingstop Inc. (NASDAQ:WING) Receives $260.89 Average Target Price from Brokerages

Wingstop Inc. (NASDAQ:WING) has received an average rating of “Moderate Buy” from the thirty-two analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, twenty-four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $260.8889.

Several brokerages have recently weighed in on WING. Morgan Stanley restated an “overweight” rating and set a $255.00 target price on shares of Wingstop in a research note on Thursday, April 30th. Raymond James Financial upgraded Wingstop from an “outperform” rating to a “strong-buy” rating and cut their price target for the stock from $325.00 to $240.00 in a research note on Thursday, April 2nd. Barclays lowered their price objective on Wingstop from $330.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Mizuho set a $280.00 price objective on Wingstop in a report on Friday, June 5th. Finally, Wells Fargo & Company cut their target price on Wingstop from $225.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th.

Wingstop Price Performance

WING opened at $177.99 on Friday. The firm’s 50 day moving average is $152.00 and its 200-day moving average is $203.37. Wingstop has a 52-week low of $116.35 and a 52-week high of $381.45. The firm has a market capitalization of $4.85 billion, a P/E ratio of 44.28, a P/E/G ratio of 2.14 and a beta of 1.79.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The business had revenue of $183.72 million during the quarter, compared to the consensus estimate of $187.82 million. During the same period in the prior year, the firm earned $0.99 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts expect that Wingstop will post 4.57 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, May 15th. Wingstop’s payout ratio is 29.85%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vident Advisory LLC increased its position in shares of Wingstop by 3.9% in the 4th quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock worth $229,000 after purchasing an additional 36 shares during the last quarter. Allworth Financial LP lifted its position in shares of Wingstop by 17.3% during the third quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 39 shares during the last quarter. YANKCOM Partnership lifted its position in shares of Wingstop by 10.1% during the fourth quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock worth $102,000 after purchasing an additional 39 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Wingstop by 1.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock worth $627,000 after purchasing an additional 45 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Wingstop by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,672 shares of the restaurant operator’s stock worth $879,000 after purchasing an additional 59 shares in the last quarter.

Wingstop Company Profile

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.