Wingstop Inc. (NASDAQ:WING) Receives Average Recommendation of “Moderate Buy” from Analysts

Wingstop Inc. (NASDAQ:WING) has earned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $368.74.

WING has been the topic of a number of research analyst reports. Piper Sandler decreased their price target on Wingstop from $375.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Truist Financial increased their target price on Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 target price for the company in a report on Friday, November 1st. TD Cowen cut their price target on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Barclays reduced their price target on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st.

Institutional Investors Weigh In On Wingstop

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Wingstop by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock worth $1,071,473,000 after buying an additional 104,780 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Wingstop by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock valued at $833,026,000 after acquiring an additional 101,917 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Wingstop by 36.6% in the second quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock valued at $254,860,000 after acquiring an additional 161,600 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Wingstop by 2.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 600,905 shares of the restaurant operator’s stock worth $253,979,000 after purchasing an additional 16,526 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Wingstop by 284.1% during the second quarter. Millennium Management LLC now owns 383,184 shares of the restaurant operator’s stock worth $161,957,000 after purchasing an additional 283,412 shares in the last quarter.

Wingstop Trading Up 2.4 %

Shares of NASDAQ:WING opened at $339.98 on Tuesday. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 99.12, a PEG ratio of 2.94 and a beta of 1.76. Wingstop has a 12-month low of $204.01 and a 12-month high of $433.86. The business has a 50-day moving average price of $380.53 and a 200 day moving average price of $385.93.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The company had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. Wingstop’s revenue was up 38.8% on a year-over-year basis. As a group, equities research analysts predict that Wingstop will post 3.68 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.32%. Wingstop’s payout ratio is currently 31.49%.

Wingstop Company Profile

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.