Wingstop (NASDAQ:WING) Stock Rating Reaffirmed by Stephens

Stephens reaffirmed their overweight rating on shares of Wingstop (NASDAQ:WING) in a research report sent to investors on Wednesday morning, Benzinga reports. Stephens currently has a $425.00 price objective on the restaurant operator’s stock.

A number of other research firms also recently commented on WING. Jefferies Financial Group raised their target price on shares of Wingstop from $310.00 to $335.00 and gave the company a hold rating in a research report on Tuesday, April 16th. Benchmark reissued a hold rating on shares of Wingstop in a report on Tuesday, April 23rd. Wedbush upped their target price on Wingstop from $340.00 to $400.00 and gave the stock an outperform rating in a report on Friday, April 26th. Truist Financial reaffirmed a hold rating and set a $292.00 target price on shares of Wingstop in a research report on Monday, April 1st. Finally, Robert W. Baird boosted their price target on Wingstop from $320.00 to $340.00 and gave the stock an outperform rating in a research report on Thursday, February 22nd. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $294.17.

Wingstop Stock Down 0.2 %

Shares of NASDAQ:WING opened at $383.98 on Wednesday. The business’s 50 day moving average is $357.08 and its 200 day moving average is $285.20. The stock has a market cap of $11.28 billion, a P/E ratio of 163.40, a price-to-earnings-growth ratio of 6.61 and a beta of 1.67. Wingstop has a 52-week low of $150.08 and a 52-week high of $396.00.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. The business had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. On average, sell-side analysts anticipate that Wingstop will post 3.03 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Thursday, March 7th. Wingstop’s dividend payout ratio is presently 37.45%.

Insiders Place Their Bets

In other news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the completion of the sale, the senior vice president now directly owns 1,646 shares in the company, valued at $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the transaction, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the sale, the senior vice president now owns 1,646 shares in the company, valued at approximately $612,246.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,901 shares of company stock valued at $5,120,605. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Wingstop

A number of institutional investors have recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wingstop in the 4th quarter valued at $28,000. Rise Advisors LLC acquired a new position in Wingstop during the first quarter valued at $29,000. Headlands Technologies LLC acquired a new position in Wingstop during the third quarter valued at $38,000. FSC Wealth Advisors LLC purchased a new stake in Wingstop in the fourth quarter valued at $39,000. Finally, GAMMA Investing LLC grew its position in Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 40 shares during the period.

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.