Wingstop Inc. (NASDAQ:WING) Receives $357.67 Consensus PT from Analysts

Shares of Wingstop Inc. (NASDAQ:WING) have received an average recommendation of “Moderate Buy” from the twenty-one analysts that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $357.67.

Several equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Morgan Stanley reduced their price objective on shares of Wingstop from $389.00 to $375.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Stephens restated an “overweight” rating and issued a $450.00 price objective on shares of Wingstop in a research report on Wednesday, February 19th. Wedbush reduced 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. Finally, Raymond James reissued an “outperform” rating and issued a $330.00 price target (down from $375.00) on shares of Wingstop in a report on Tuesday, January 28th.

Wingstop Trading Up 0.5 %

Shares of Wingstop stock opened at $213.20 on Monday. The company has a fifty day simple moving average of $270.87 and a 200-day simple moving average of $325.57. Wingstop has a 12-month low of $207.53 and a 12-month high of $433.86. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 57.47, a PEG ratio of 2.27 and a beta of 1.88.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Friday, March 7th. Wingstop’s dividend payout ratio (DPR) is 29.11%.

Wingstop declared that its board has authorized a stock buyback plan on Thursday, December 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. True Wealth Design LLC acquired a new stake in Wingstop during the 3rd quarter valued at $36,000. EverSource Wealth Advisors LLC lifted its stake in shares of Wingstop by 521.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock worth $25,000 after buying an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in shares of Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after buying an additional 35 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Wingstop during the fourth quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC lifted its position in Wingstop by 34.9% during the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 37 shares during the last quarter.

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.