Wingstop’s (WING) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Wingstop (NASDAQ:WING) in a report released on Friday, Benzinga reports. The firm currently has a $425.00 target price on the restaurant operator’s stock.

Other equities research analysts have also issued reports about the company. Stephens restated an overweight rating and set a $425.00 price objective on shares of Wingstop in a research report on Wednesday, May 1st. Truist Financial raised their price target on shares of Wingstop from $393.00 to $407.00 and gave the stock a hold rating in a report on Tuesday, July 9th. Benchmark reissued a hold rating on shares of Wingstop in a research note on Thursday, May 2nd. Citigroup boosted their price target on shares of Wingstop from $375.00 to $398.00 and gave the company a neutral rating in a report on Thursday, May 2nd. Finally, Stifel Nicolaus increased their price objective on Wingstop from $420.00 to $460.00 and gave the stock a buy rating in a report on Tuesday, June 18th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wingstop has a consensus rating of Hold and a consensus target price of $357.89.

Wingstop Price Performance

NASDAQ:WING opened at $369.31 on Friday. The firm has a market capitalization of $10.82 billion, a P/E ratio of 131.43, a P/E/G ratio of 4.23 and a beta of 1.69. The business has a 50 day simple moving average of $396.13 and a 200 day simple moving average of $354.72. Wingstop has a 12-month low of $150.08 and a 12-month high of $431.03.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, beating the consensus estimate of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The company had revenue of $145.70 million for the quarter, compared to analyst estimates of $136.34 million. During the same quarter last year, the business earned $0.59 earnings per share. Wingstop’s revenue was up 34.0% compared to the same quarter last year. Research analysts anticipate that Wingstop will post 3.46 EPS for the current fiscal year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.24%. Wingstop’s payout ratio is presently 31.32%.

Insiders Place Their Bets

In other Wingstop news, Director Ania Smith sold 566 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total value of $215,595.06. Following the transaction, the director now directly owns 1,164 shares of the company’s stock, valued at approximately $443,379.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Ania Smith sold 566 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $380.91, for a total transaction of $215,595.06. Following the sale, the director now owns 1,164 shares in the company, valued at approximately $443,379.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kate S. Lavelle sold 750 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $394.57, for a total value of $295,927.50. Following the sale, the director now owns 3,567 shares in the company, valued at $1,407,431.19. The disclosure for this sale can be found here. Insiders sold 6,191 shares of company stock worth $2,443,547 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wingstop

A number of institutional investors have recently modified their holdings of WING. Rise Advisors LLC bought a new stake in Wingstop during the 1st quarter valued at $29,000. Massmutual Trust Co. FSB ADV increased its position in shares of Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 35 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in Wingstop in the fourth quarter worth about $28,000. GAMMA Investing LLC raised its holdings in shares of Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 40 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Wingstop during the 4th quarter valued at $39,000.

About Wingstop

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.