Barclays Increases Wingstop (NASDAQ:WING) Price Target to $425.00

Wingstop (NASDAQ:WING) had its price objective hoisted by Barclays from $418.00 to $425.00 in a report issued on Thursday, Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird lifted their price target on shares of Wingstop from $390.00 to $405.00 and gave the company an outperform rating in a research report on Thursday, May 2nd. Raymond James upgraded Wingstop from a market perform rating to an outperform rating and set a $42.00 price objective for the company in a report on Thursday. The Goldman Sachs Group began coverage on Wingstop in a research note on Thursday, June 13th. They set a neutral rating and a $407.00 target price for the company. Stifel Nicolaus increased their price target on Wingstop from $420.00 to $460.00 and gave the stock a buy rating in a report on Tuesday, June 18th. Finally, Citigroup lifted their target price on Wingstop from $375.00 to $398.00 and gave the company a neutral rating in a research report on Thursday, May 2nd. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Wingstop currently has a consensus rating of Hold and an average target price of $377.53.

Wingstop Stock Performance

Shares of Wingstop stock opened at $362.70 on Thursday. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 129.08, a PEG ratio of 3.96 and a beta of 1.70. The firm has a fifty day moving average of $393.76 and a two-hundred day moving average of $362.72. Wingstop has a 52 week low of $150.08 and a 52 week high of $431.03.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The firm had revenue of $155.70 million for the quarter, compared to the consensus estimate of $146.04 million. During the same quarter last year, the business posted $0.57 EPS. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. As a group, research analysts forecast that Wingstop will post 3.71 EPS for the current fiscal year.

Wingstop Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a $0.27 dividend. This is an increase from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a yield of 0.30%. Wingstop’s dividend payout ratio is 31.32%.

Insider Transactions at Wingstop

In related news, Director Kilandigalu Madati sold 645 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total transaction of $255,252.30. Following the sale, the director now directly owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Kilandigalu Madati sold 645 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total value of $255,252.30. Following the transaction, the director now owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ania Smith sold 566 shares of Wingstop stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total value of $215,595.06. Following the sale, the director now directly owns 1,164 shares in the company, valued at approximately $443,379.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,191 shares of company stock valued at $2,443,547. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Wingstop

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Wingstop by 3.7% in 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 period. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 purchasing an additional 101,917 shares during the period. Federated Hermes Inc. increased its holdings in shares of Wingstop by 1.8% in the fourth quarter. Federated Hermes Inc. now owns 1,107,852 shares of the restaurant operator’s stock valued at $284,253,000 after purchasing an additional 19,540 shares during the period. Franklin Resources Inc. increased its holdings in Wingstop by 155.7% in the fourth quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock valued at $224,093,000 after buying an additional 531,880 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in Wingstop in the fourth quarter valued at $103,899,000.

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.