Wingstop (NASDAQ:WING) Stock Gets Price Target Reduction from Mizuho

Wingstop (NASDAQ:WING) had its price target lowered by Mizuho from $240.00 to $200.00 in a research report report published on Friday, Marketbeat Ratings reports. Mizuho currently has an outperform rating on the restaurant operator’s stock.

Several other research analysts have also commented on the company. Morgan Stanley lowered their price target on Wingstop from $238.00 to $202.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. TD Cowen cut their price objective on Wingstop from $160.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, September 11th. Citigroup decreased their target price on Wingstop from $208.00 to $191.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. BTIG Research lowered their target price on Wingstop from $305.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Robert W. Baird lowered their target price on Wingstop from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $228.96.

Wingstop Stock Performance

Wingstop stock opened at $119.54 on Friday. The company’s 50 day simple moving average is $112.96 and its 200-day simple moving average is $137.81. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.81. Wingstop has a 1 year low of $95.82 and a 1 year high of $302.80.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a net margin of 16.15% and a negative return on equity of 16.31%. The firm had revenue of $185.56 million during the quarter, compared to analysts’ expectations of $190.25 million. During the same quarter last year, the company posted $1.00 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Wingstop will post 4.45 earnings per share for the current year.

Wingstop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 5th. Shareholders of record on Saturday, August 15th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.32 annualized dividend and a yield of 1.1%. This is a boost from Wingstop’s previous quarterly dividend of $0.30. Wingstop’s dividend payout ratio is 31.35%.

Institutional Trading of Wingstop

A number of large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its stake in Wingstop by 1.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,672 shares of the restaurant operator’s stock worth $879,000 after buying an additional 59 shares during the last quarter. State of Michigan Retirement System lifted its stake in Wingstop by 1.5% in the first quarter. State of Michigan Retirement System now owns 6,672 shares of the restaurant operator’s stock valued at $1,034,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC lifted its stake in Wingstop by 35.9% in the second quarter. GAMMA Investing LLC now owns 382 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 101 shares during the last quarter. Hilton Head Capital Partners LLC lifted its stake in Wingstop by 35.0% in the third quarter. Hilton Head Capital Partners LLC now owns 409 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 106 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Wingstop by 17.3% during the first quarter. KBC Group NV now owns 888 shares of the restaurant operator’s stock valued at $138,000 after acquiring an additional 131 shares during the period.

About Wingstop

Wingstop Inc is a franchised restaurant company specializing in cooked-to-order chicken wings and related menu items. Its offerings include classic and boneless wings prepared with a range of flavors, along with chicken sandwiches, tenders, fries, seasoned fries, dips, sides and beverages. The company emphasizes made-to-order food, a digital ordering experience and a menu centered on customizable chicken meals.

Founded in 1994 in Garland, Texas, Wingstop has expanded from a single restaurant into a global brand operated primarily through franchised locations.