Wingstop Inc. (NASDAQ:WING) Receives $336.07 Consensus Target Price from Analysts

Wingstop Inc. (NASDAQ:WING) has received an average recommendation of “Moderate Buy” from the thirty-three analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, twenty-three have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $336.0741.

WING has been the subject of several research reports. TD Cowen reiterated a “hold” rating and set a $285.00 price objective on shares of Wingstop in a research note on Wednesday, February 18th. Wells Fargo & Company dropped their price target on Wingstop from $365.00 to $330.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a report on Wednesday, November 5th. Citigroup upped their target price on shares of Wingstop from $267.00 to $286.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada lowered their price target on shares of Wingstop from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th.

Insiders Place Their Bets

In other Wingstop news, Director Wesley S. Mcdonald sold 566 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $250.00, for a total value of $141,500.00. Following the completion of the sale, the director directly owned 4,375 shares in the company, valued at $1,093,750. This represents a 11.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kilandigalu Madati sold 2,700 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total transaction of $703,971.00. Following the transaction, the director directly owned 2,583 shares in the company, valued at approximately $673,465.59. The trade was a 51.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Wingstop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its position in shares of Wingstop by 59.2% during the 4th quarter. Pacer Advisors Inc. now owns 5,940 shares of the restaurant operator’s stock worth $1,417,000 after purchasing an additional 2,210 shares during the last quarter. Virtu Financial LLC purchased a new position in Wingstop during the fourth quarter worth about $603,000. Mcguire Capital Advisors Inc. purchased a new position in Wingstop during the fourth quarter worth about $63,000. T. Rowe Price Investment Management Inc. increased its position in shares of Wingstop by 6.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,173,613 shares of the restaurant operator’s stock valued at $279,895,000 after acquiring an additional 70,224 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of Wingstop by 30.5% in the 4th quarter. Corient Private Wealth LLC now owns 2,180 shares of the restaurant operator’s stock valued at $520,000 after acquiring an additional 509 shares during the period.

Wingstop Trading Down 4.6%

NASDAQ WING opened at $259.51 on Monday. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 2.84 and a beta of 1.80. The stock has a 50-day moving average of $260.93 and a 200 day moving average of $263.68. Wingstop has a twelve month low of $204.00 and a twelve month high of $388.14.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. The firm had revenue of $175.69 million for the quarter, compared to analyst estimates of $177.74 million. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. Equities analysts predict that Wingstop will post 4.18 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, March 6th. Wingstop’s dividend payout ratio (DPR) is currently 19.42%.

About Wingstop

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.