Wingstop (NASDAQ:WING) Price Target Increased to $315.00 by Analysts at Morgan Stanley

Wingstop (NASDAQ:WING) had its price objective lifted by Morgan Stanley from $280.00 to $315.00 in a report published on Friday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the restaurant operator’s stock.

A number of other research analysts have also issued reports on WING. Truist Financial restated a hold rating and issued a $292.00 target price on shares of Wingstop in a report on Monday, April 1st. Stifel Nicolaus upped their price objective on shares of Wingstop from $270.00 to $330.00 and gave the company a buy rating in a research note on Friday, February 16th. BMO Capital Markets lifted their target price on shares of Wingstop from $235.00 to $275.00 and gave the stock a market perform rating in a research note on Thursday, February 22nd. Stephens initiated coverage on Wingstop in a research note on Friday. They set an overweight rating and a $425.00 price target on the stock. Finally, Sanford C. Bernstein assumed coverage on Wingstop in a report on Wednesday, February 14th. They set an outperform rating and a $340.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of $271.83.

Wingstop Trading Down 1.7 %

Shares of NASDAQ WING opened at $358.85 on Friday. The company’s 50-day moving average price is $343.27 and its 200 day moving average price is $270.65. Wingstop has a 52 week low of $150.08 and a 52 week high of $379.00. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 152.70, a PEG ratio of 6.48 and a beta of 1.68.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The firm had revenue of $127.06 million during the quarter, compared to the consensus estimate of $120.47 million. During the same period in the previous year, the firm posted $0.60 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, research analysts expect that Wingstop will post 3 earnings per share for the current year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $0.22 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.88 annualized dividend and a yield of 0.25%. Wingstop’s dividend payout ratio is currently 37.45%.

Insider Buying and Selling at Wingstop

In other news, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares in the company, valued at $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the transaction, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The disclosure for this sale can be found here. Insiders have sold 14,901 shares of company stock valued at $5,120,605 over the last three months. 0.36% of the stock is owned by company insiders.

Institutional Trading of Wingstop

Large investors have recently modified their holdings of the business. Congress Asset Management Co. MA boosted its holdings 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 buying an additional 34 shares during the period. Quadrant Capital Group LLC lifted its holdings in Wingstop by 16.9% in the fourth quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock worth $67,000 after acquiring an additional 38 shares during the last quarter. Kovack Advisors Inc. boosted its stake in Wingstop by 1.7% in the fourth quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator’s stock valued at $595,000 after acquiring an additional 39 shares during the period. GAMMA Investing LLC grew its holdings in shares of Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY raised its position in shares of Wingstop by 3.3% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,844 shares of the restaurant operator’s stock worth $254,000 after purchasing an additional 59 shares during the period.

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.