Wingstop Inc. (NASDAQ:WING) Stock Has Average Target Price of $236.44 According to Analysts

Wingstop Inc. (NASDAQ:WING) has earned an average recommendation of “Moderate Buy” from the twenty-nine ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $236.44.

WING has been the topic of several analyst reports. Royal Bank Of Canada dropped their price target on shares of Wingstop from $200.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Morgan Stanley reduced their price objective on Wingstop from $255.00 to $238.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Wall Street Zen raised Wingstop from a “sell” rating to a “hold” rating in a report on Tuesday, July 14th. Wells Fargo & Company decreased their target price on Wingstop from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Finally, Piper Sandler set a $173.00 target price on Wingstop in a research report on Wednesday, July 29th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WING. Oregon Public Employees Retirement Fund lifted its holdings in Wingstop by 1.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,672 shares of the restaurant operator’s stock worth $879,000 after purchasing an additional 59 shares in the last quarter. State of Michigan Retirement System grew its holdings in Wingstop by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 6,672 shares of the restaurant operator’s stock valued at $1,034,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Wingstop by 35.9% during the second quarter. GAMMA Investing LLC now owns 382 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 101 shares during the last quarter. KBC Group NV raised its position in shares of Wingstop by 17.3% during the first quarter. KBC Group NV now owns 888 shares of the restaurant operator’s stock valued at $138,000 after buying an additional 131 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Wingstop by 56.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 398 shares of the restaurant operator’s stock worth $69,000 after buying an additional 144 shares in the last quarter.

Wingstop Trading Up 3.1%

Shares of WING opened at $126.02 on Tuesday. The firm has a market cap of $3.43 billion, a PE ratio of 29.93, a P/E/G ratio of 1.46 and a beta of 1.81. The firm has a fifty day simple moving average of $111.46 and a two-hundred day simple moving average of $139.69. Wingstop has a 1-year low of $95.82 and a 1-year high of $302.80.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a net margin of 16.15% and a negative return on equity of 16.31%. The company had revenue of $185.56 million for the quarter, compared to the consensus estimate of $190.25 million. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that Wingstop will post 4.49 EPS for the current fiscal year.

Wingstop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 5th. Stockholders of record on Saturday, August 15th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.0%. This is an increase from Wingstop’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, August 14th. Wingstop’s dividend payout ratio is 31.35%.

About Wingstop

Wingstop Inc is a restaurant company that specializes in made-to-order chicken wings and related menu items. Its offerings include classic and boneless wings prepared with a variety of signature flavors, as well as chicken sandwiches, tenders, seasoned fries, sides, dips and beverages. The company serves customers through dine-in, takeout, delivery and digital ordering channels.

Founded in 1994 in Garland, Texas, Wingstop has developed primarily as a franchised restaurant brand. The company supports its franchisees through brand marketing, restaurant development, operating systems, menu innovation and supply-chain coordination, while franchisees generally own and operate individual locations.