Brokerages Set Wingstop Inc. (NASDAQ:WING) Target Price at $368.74

Shares of Wingstop Inc. (NASDAQ:WINGGet Free Report) have been given a consensus rating of “Moderate Buy” by the nineteen analysts that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $368.74.

A number of research analysts have recently issued reports on the stock. Northcoast Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a research note on Friday, November 1st. TD Cowen dropped their target price on Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Wedbush reissued an “outperform” rating and issued a $390.00 price target on shares of Wingstop in a report on Tuesday, November 5th. Stephens restated an “overweight” rating and issued a $468.00 price target on shares of Wingstop in a research note on Monday, December 9th. Finally, BTIG Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective for the company in a research report on Thursday, October 31st.

View Our Latest Analysis on Wingstop

Wingstop Stock Down 1.9 %

NASDAQ WING opened at $285.37 on Wednesday. The firm has a market cap of $8.34 billion, a P/E ratio of 83.20, a P/E/G ratio of 2.81 and a beta of 1.78. Wingstop has a 52-week low of $241.78 and a 52-week high of $433.86. The business’s 50-day moving average price is $324.38 and its 200 day moving average price is $370.09.

Wingstop (NASDAQ:WINGGet Free Report) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $160.24 million. During the same quarter last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 38.8% compared to the same quarter last year. As a group, analysts anticipate that Wingstop will post 3.67 earnings per share for the current year.

Wingstop announced that its board has approved a share repurchase program on Thursday, December 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.38%. Wingstop’s dividend payout ratio (DPR) is 31.49%.

Insider Activity at Wingstop

In related news, SVP Raj Kapoor sold 266 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $324.38, for a total transaction of $86,285.08. Following the sale, the senior vice president now owns 266 shares in the company, valued at approximately $86,285.08. This trade represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Hollencrest Capital Management purchased a new position in shares of Wingstop during the 2nd quarter worth about $27,000. Ashton Thomas Private Wealth LLC acquired a new position in Wingstop during the second quarter worth approximately $34,000. True Wealth Design LLC purchased a new position in Wingstop during the third quarter worth approximately $36,000. V Square Quantitative Management LLC boosted its holdings in shares of Wingstop by 60.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 40 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Wingstop by 384.6% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after buying an additional 100 shares during the period.

About Wingstop

(Get Free Report

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.

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Analyst Recommendations for Wingstop (NASDAQ:WING)

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