Wingstop (NASDAQ:WING) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Wingstop (NASDAQ:WING) from a sell rating to a hold rating in a research report report published on Saturday morning.

A number of other equities research analysts have also weighed in on WING. TD Cowen reissued a “buy” rating on shares of Wingstop in a report on Thursday, January 15th. Truist Financial reduced their target price on Wingstop from $400.00 to $365.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Melius Research set a $350.00 price target on shares of Wingstop in a research report on Tuesday, January 20th. Mizuho decreased their price target on Wingstop from $320.00 to $310.00 and set an “outperform” rating for the company in a report on Friday, January 9th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $350.00 price objective (down from $420.00) on shares of Wingstop in a research report on Thursday, October 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Wingstop presently has an average rating of “Moderate Buy” and an average target price of $340.00.

Wingstop Stock Up 0.9%

WING stock opened at $273.70 on Friday. The company’s 50-day moving average price is $256.81 and its two-hundred day moving average price is $275.36. The firm has a market cap of $7.61 billion, a P/E ratio of 44.58, a P/E/G ratio of 3.11 and a beta of 1.77. Wingstop has a 12 month low of $204.00 and a 12 month high of $388.14.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. The company had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.Wingstop’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 EPS. Equities analysts predict that Wingstop will post 4.18 EPS for the current year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, November 21st. Wingstop’s dividend payout ratio (DPR) is 19.54%.

Insider Activity at Wingstop

In other news, Director Kilandigalu Madati sold 269 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total transaction of $69,931.93. Following the transaction, the director directly owned 5,283 shares of the company’s stock, valued at $1,373,421.51. This represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Wingstop

A number of hedge funds and other institutional investors have recently bought and sold shares of WING. Lone Pine Capital LLC acquired a new position in shares of Wingstop during the third quarter valued at about $375,317,000. Steadfast Capital Management LP lifted its position in Wingstop by 296.2% in the 3rd quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock valued at $239,227,000 after acquiring an additional 710,621 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Wingstop by 48.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,405,894 shares of the restaurant operator’s stock valued at $335,292,000 after acquiring an additional 456,861 shares in the last quarter. Capital World Investors boosted its stake in Wingstop by 160.6% during the 3rd quarter. Capital World Investors now owns 740,896 shares of the restaurant operator’s stock valued at $186,469,000 after purchasing an additional 456,637 shares during the last quarter. Finally, Norges Bank acquired a new position in Wingstop during the 2nd quarter valued at about $118,211,000.

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.