Robert W. Baird Lowers Wingstop (NASDAQ:WING) Price Target to $350.00

Wingstop (NASDAQ:WING) had its price objective cut by Robert W. Baird from $375.00 to $350.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

A number of other brokerages have also issued reports on WING. BMO Capital Markets cut their price objective on shares of Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a report on Thursday, February 20th. UBS Group reduced their price target on shares of Wingstop from $330.00 to $300.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company assumed coverage on Wingstop in a research report on Wednesday, March 26th. They set an “overweight” rating and a $270.00 price objective for the company. Northcoast Research cut Wingstop from a “buy” rating to a “neutral” rating in a report on Friday, February 21st. Finally, Wedbush cut their price target on Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $348.23.

Wingstop Trading Down 4.9 %

NASDAQ:WING opened at $221.00 on Monday. The stock has a 50-day moving average price of $251.37 and a 200 day moving average price of $304.54. The stock has a market capitalization of $6.17 billion, a P/E ratio of 59.57, a P/E/G ratio of 2.27 and a beta of 2.02. Wingstop has a 12-month low of $205.60 and a 12-month high of $433.86.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.49%. Wingstop’s payout ratio is 29.11%.

Institutional Trading of Wingstop

Institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its stake in shares of Wingstop by 22.3% during the 3rd quarter. Captrust Financial Advisors now owns 2,859 shares of the restaurant operator’s stock worth $1,190,000 after acquiring an additional 521 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Wingstop during the third quarter worth $518,000. Integrated Wealth Concepts LLC boosted its stake in shares of Wingstop by 3.5% during the third quarter. Integrated Wealth Concepts LLC now owns 2,574 shares of the restaurant operator’s stock valued at $1,071,000 after purchasing an additional 88 shares during the period. Quantinno Capital Management LP bought a new position in shares of Wingstop in the third quarter worth about $552,000. Finally, Stifel Financial Corp increased its stake in Wingstop by 9.7% in the 3rd quarter. Stifel Financial Corp now owns 17,403 shares of the restaurant operator’s stock worth $7,241,000 after buying an additional 1,532 shares during the period.

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.