Wingstop (NASDAQ:WING) Rating Reiterated by Stephens

Stephens restated their overweight rating on shares of Wingstop (NASDAQ:WING) in a research note released on Wednesday morning, Benzinga reports. The firm currently has a $456.00 price objective on the restaurant operator’s stock.

WING has been the subject of a number of other reports. Wedbush restated an outperform rating and set a $425.00 target price on shares of Wingstop in a report on Friday, July 19th. Benchmark restated a hold rating on shares of Wingstop in a report on Thursday, May 2nd. Robert W. Baird raised their target price on Wingstop from $390.00 to $405.00 and gave the company an outperform rating in a report on Thursday, May 2nd. The Goldman Sachs Group started coverage on Wingstop in a report on Thursday, June 13th. They set a neutral rating and a $407.00 target price for the company. Finally, Bank of America raised their target price on Wingstop from $421.00 to $461.00 and gave the company a buy rating in a report on Thursday, May 2nd. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Wingstop has a consensus rating of Hold and a consensus target price of $358.32.

Wingstop Trading Down 2.4 %

NASDAQ WING opened at $362.70 on Wednesday. The stock has a market cap of $10.63 billion, a PE ratio of 129.07, a P/E/G ratio of 4.26 and a beta of 1.69. Wingstop has a twelve month low of $150.08 and a twelve month high of $431.03. The stock has a fifty day simple moving average of $393.76 and a 200-day simple moving average of $361.47.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $155.70 million during the quarter, compared to analysts’ expectations of $146.04 million. Wingstop had a negative return on equity of 20.97% and a net margin of 17.33%. The company’s revenue was up 45.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. Research analysts predict that Wingstop will post 3.47 EPS for the current year.

Wingstop Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Friday, August 16th. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s dividend payout ratio (DPR) is 31.32%.

Insider Transactions at Wingstop

In other Wingstop news, Director Kate S. Lavelle sold 750 shares of Wingstop stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $394.57, for a total transaction of $295,927.50. Following the transaction, the director now owns 3,567 shares of the company’s stock, valued at $1,407,431.19. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Wingstop news, Director Ania Smith sold 566 shares of Wingstop stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $380.91, for a total transaction of $215,595.06. Following the transaction, the director now owns 1,164 shares of the company’s stock, valued at $443,379.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kate S. Lavelle sold 750 shares of Wingstop stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $394.57, for a total value of $295,927.50. Following the transaction, the director now directly owns 3,567 shares in the company, valued at approximately $1,407,431.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,191 shares of company stock valued at $2,443,547. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc grew its stake in shares of Wingstop by 3.7% in the 2nd quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator’s stock valued at $347,000 after purchasing an additional 29 shares during the last quarter. Congress Asset Management Co. MA grew its stake in shares of Wingstop by 0.3% in the 4th quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator’s stock valued at $2,920,000 after purchasing an additional 34 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Wingstop by 60.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 35 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Wingstop by 16.9% in the 4th quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 38 shares during the last quarter. Finally, Kovack Advisors Inc. grew its stake in shares of Wingstop by 1.7% in the 4th quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator’s stock valued at $595,000 after purchasing an additional 39 shares during the last quarter.

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.