Mizuho Cuts Wingstop (NASDAQ:WING) Price Target to $240.00

Wingstop (NASDAQ:WING) had its target price trimmed by Mizuho from $280.00 to $240.00 in a research note published on Friday, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

A number of other brokerages also recently commented on WING. Citigroup upped their price objective on shares of Wingstop from $229.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group lowered shares of Wingstop from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $290.00 to $190.00 in a research note on Thursday, April 30th. Wells Fargo & Company cut their price target on shares of Wingstop from $200.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Bank of America reduced their price objective on shares of Wingstop from $264.00 to $234.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Finally, Piper Sandler raised Wingstop from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $283.00 to $190.00 in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $255.81.

Wingstop Stock Performance

Shares of WING stock opened at $135.20 on Friday. The business’s 50 day moving average is $151.74 and its two-hundred day moving average is $192.36. Wingstop has a twelve month low of $116.35 and a twelve month high of $381.45. The company has a market capitalization of $3.68 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 1.61 and a beta of 1.79.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The business had revenue of $183.72 million during the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter in the prior year, the business earned $0.99 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts predict that Wingstop will post 4.56 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, May 15th. Wingstop’s dividend payout ratio (DPR) is currently 29.85%.

Institutional Trading of Wingstop

A number of institutional investors have recently added to or reduced their stakes in WING. Ausbil Investment Management Ltd acquired a new position in Wingstop during the second quarter worth about $1,085,000. Handelsbanken Fonder AB increased its holdings in Wingstop by 14.7% in the second quarter. Handelsbanken Fonder AB now owns 8,564 shares of the restaurant operator’s stock valued at $1,485,000 after buying an additional 1,100 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Wingstop during the 2nd quarter valued at approximately $18,381,000. GAMMA Investing LLC lifted its position in shares of Wingstop by 35.9% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the restaurant operator’s stock valued at $66,000 after acquiring an additional 101 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Wingstop during the 2nd quarter valued at approximately $46,000.

Key Stories Impacting Wingstop

Here are the key news stories impacting Wingstop this week:

• Positive Sentiment: Wingstop launched “Wingstop Wing Week,” expanding National Wing Day into a five-day event with free wings, Club Wingstop rewards, and live music giveaways, which could help boost customer traffic and brand engagement. Wingstop Expands Wing Day into Wing Week, Kicking Off a Broader $1 Million in Fan Experiences and Giveaways
• Positive Sentiment: Multiple reports highlighted Wingstop’s National Wing Day promotion expansion, reinforcing that the company is using limited-time offers and giveaways to drive consumer interest. Wingstop is turning National Wing Day into a full week with free wings and daily prize giveaways
• Neutral Sentiment: Brokerage coverage remained constructive overall, with a consensus “Moderate Buy” rating still in place, suggesting analysts remain generally optimistic about the stock’s outlook. Wingstop Inc. (NASDAQ:WING) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Mizuho lowered its price target on Wingstop to $240 from $280, but kept an “outperform” rating, indicating confidence remains intact despite a reduced valuation target. The Fly
• Neutral Sentiment: DA Davidson also cut its price target to $200 from $230 while maintaining a “buy” rating, which may reflect near-term caution but not a change in the firm’s positive view. Benzinga
• Neutral Sentiment: Wingstop announced a restaurant opening in Craigavon, supporting its ongoing expansion strategy, though the article did not indicate a material financial impact. US chicken chain Wingstop in Craigavon restaurant opening

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.