Wingstop Inc. (NASDAQ:WING) Receives Average Rating of “Hold” from Brokerages

Shares of Wingstop Inc. (NASDAQ:WING) have been given an average rating of “Hold” by the nineteen ratings firms that are covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $379.53.

WING has been the topic of several research reports. Raymond James raised shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Thursday, August 1st. Morgan Stanley upped their price target on shares of Wingstop from $390.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th. Barclays raised their price objective on Wingstop from $418.00 to $425.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. The Goldman Sachs Group upped their target price on Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Truist Financial increased their target price on Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research report on Thursday, August 1st.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total value of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares in the company, valued at $36,152.87. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WING. Hollencrest Capital Management purchased a new stake in Wingstop in the 2nd quarter valued at $27,000. Rise Advisors LLC purchased a new position in Wingstop during the 1st quarter worth $29,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Wingstop in the 2nd quarter worth $34,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 35 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 shares in the last quarter.

Wingstop Stock Down 0.4 %

WING opened at $419.90 on Monday. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 149.43, a P/E/G ratio of 4.09 and a beta of 1.71. Wingstop has a twelve month low of $166.65 and a twelve month high of $431.03. The company has a 50-day simple moving average of $381.03 and a 200 day simple moving average of $380.94.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $155.70 million during the quarter, compared to the consensus estimate of $146.04 million. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The firm’s quarterly revenue was up 45.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. Sell-side analysts anticipate that Wingstop will post 3.77 EPS for the current fiscal year.

Wingstop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. This represents a $1.08 annualized dividend and a yield of 0.26%. Wingstop’s dividend payout ratio is currently 38.43%.

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.