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

Shares of Wingstop Inc. (NASDAQ:WING) have received an average recommendation of “Hold” from the nineteen research firms that are covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $382.00.

Several equities research analysts have recently commented on WING shares. Truist Financial raised their target price on shares of Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Raymond James raised shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Thursday, August 1st. The Goldman Sachs Group lifted their price target on shares of Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. BMO Capital Markets lifted their price target on shares of Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Wedbush lifted their price target on shares of Wingstop from $425.00 to $440.00 and gave the company an “outperform” rating in a research report on Monday, September 16th.

Insider Buying and Selling

In related news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares in the company, valued at approximately $36,152.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Wingstop

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

Wingstop Stock Down 1.5 %

Shares of WING opened at $393.05 on Friday. The stock has a market capitalization of $11.52 billion, a P/E ratio of 139.88, a PEG ratio of 3.94 and a beta of 1.71. The firm has a fifty day simple moving average of $395.62 and a two-hundred day simple moving average of $388.46. Wingstop has a twelve month low of $173.74 and a twelve month high of $433.86.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The firm had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $146.04 million. During the same period last year, the company posted $0.57 EPS. The company’s quarterly revenue was up 45.3% compared to the same quarter last year. Sell-side analysts expect that Wingstop will post 3.79 EPS for the current fiscal year.

Wingstop Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $0.27 dividend. This is an increase from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.27%. Wingstop’s dividend payout ratio (DPR) is presently 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.