Wingstop (NASDAQ:WING) Price Target Raised to $335.00

Wingstop (NASDAQ:WING) had its price target raised by Jefferies Financial Group from $310.00 to $335.00 in a research note published on Tuesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the restaurant operator’s stock.

A number of other equities research analysts have also weighed in on WING. Morgan Stanley boosted their price objective on shares of Wingstop from $280.00 to $315.00 and gave the company an equal weight rating in a report on Friday, April 12th. BMO Capital Markets boosted their price objective on shares of Wingstop from $235.00 to $275.00 and gave the company a market perform rating in a report on Thursday, February 22nd. Sanford C. Bernstein started coverage on shares of Wingstop in a report on Wednesday, February 14th. They set an outperform rating and a $340.00 price objective on the stock. TD Cowen restated a buy rating and set a $410.00 target price on shares of Wingstop in a research report on Wednesday, April 10th. Finally, Stifel Nicolaus boosted their target price on shares of Wingstop from $270.00 to $330.00 and gave the company a buy rating in a research report on Friday, February 16th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $290.83.

Wingstop Trading Down 0.9 %

NASDAQ WING opened at $356.40 on Tuesday. The firm’s fifty day simple moving average is $347.54 and its two-hundred day simple moving average is $273.19. Wingstop has a 12-month low of $150.08 and a 12-month high of $379.00. The firm has a market capitalization of $10.47 billion, a P/E ratio of 151.66, a P/E/G ratio of 6.57 and a beta of 1.68.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The firm had revenue of $127.06 million for the quarter, compared to analyst estimates of $120.47 million. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. As a group, sell-side analysts predict that Wingstop will post 3 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.25%. Wingstop’s dividend payout ratio (DPR) is currently 37.45%.

Insider Buying and Selling

In related news, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the completion of the transaction, the senior vice president now owns 1,646 shares in the company, valued at approximately $612,246.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the transaction, the director now owns 5,450 shares in the company, valued at approximately $1,852,291.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $961,888.56. Following the transaction, the senior vice president now owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The disclosure for this sale can be found here. Insiders sold a total of 14,901 shares of company stock worth $5,120,605 in the last 90 days. Insiders own 0.36% of the company’s stock.

Institutional Trading of Wingstop

Several large investors have recently bought and sold shares of WING. Alliancebernstein L.P. grew its stake in Wingstop by 1,176.9% during the 4th quarter. Alliancebernstein L.P. now owns 899,336 shares of the restaurant operator’s stock valued at $123,767,000 after acquiring an additional 828,904 shares in the last quarter. Franklin Resources Inc. grew its stake in Wingstop by 155.7% during the 4th quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock valued at $224,093,000 after acquiring an additional 531,880 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in Wingstop during the 4th quarter valued at about $61,571,000. Artisan Partners Limited Partnership grew its stake in Wingstop by 64.3% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,079,939 shares of the restaurant operator’s stock valued at $194,216,000 after acquiring an additional 422,727 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Wingstop during the 4th quarter valued at about $103,899,000.

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.