Recent Research Analysts’ Ratings Changes for Wingstop (WING)

Wingstop (NASDAQ: WING) recently received a number of ratings updates from brokerages and research firms:

• 11/8/2024 – Wingstop was upgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating. They now have a $377.00 price target on the stock, down previously from $458.00.
• 11/5/2024 – Wingstop had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $390.00 price target on the stock.
• 11/4/2024 – Wingstop had its price target lowered by analysts at Piper Sandler from $375.00 to $300.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – Wingstop was upgraded by analysts at Northcoast Research from a “neutral” rating to a “buy” rating. They now have a $350.00 price target on the stock.
• 10/31/2024 – Wingstop had its price target lowered by analysts at Barclays PLC from $470.00 to $380.00. They now have an “overweight” rating on the stock.
• 10/31/2024 – Wingstop had its price target lowered by analysts at Stephens from $490.00 to $468.00. They now have an “overweight” rating on the stock.
• 10/31/2024 – Wingstop had its price target lowered by analysts at TD Cowen from $450.00 to $365.00. They now have a “buy” rating on the stock.
• 10/31/2024 – Wingstop was upgraded by analysts at Benchmark Co. from a “hold” rating to a “buy” rating. They now have a $340.00 price target on the stock.
• 10/31/2024 – Wingstop was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating. They now have a $370.00 price target on the stock.
• 10/24/2024 – Wingstop had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $490.00 price target on the stock.
• 10/4/2024 – Wingstop had its price target raised by analysts at Citigroup Inc. from $417.00 to $440.00. They now have a “neutral” rating on the stock.

Wingstop Stock Up 3.1 %

Wingstop stock opened at $326.64 on Tuesday. Wingstop Inc. has a 52 week low of $227.54 and a 52 week high of $433.86. The business has a 50-day simple moving average of $375.65 and a 200 day simple moving average of $384.04. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 95.23, a PEG ratio of 2.95 and a beta of 1.76.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The business had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $160.24 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Wingstop’s quarterly revenue was up 38.8% compared to the same quarter last year. On average, research analysts anticipate that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Announces Dividend

The company 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop’s payout ratio is currently 31.49%.

Hedge Funds Weigh In On Wingstop

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vestcor Inc boosted its holdings in shares of Wingstop by 44.0% in the 3rd quarter. Vestcor Inc now owns 18,239 shares of the restaurant operator’s stock worth $7,589,000 after purchasing an additional 5,572 shares in the last quarter. Conway Capital Management Inc. purchased a new position in shares of Wingstop in the 3rd quarter worth about $3,544,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Wingstop by 0.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,523 shares of the restaurant operator’s stock worth $4,794,000 after purchasing an additional 35 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Wingstop in the 3rd quarter valued at about $874,000. Finally, MML Investors Services LLC lifted its stake in shares of Wingstop by 22.8% in the 3rd quarter. MML Investors Services LLC now owns 2,529 shares of the restaurant operator’s stock valued at $1,052,000 after acquiring an additional 470 shares during the last quarter.

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.