Brokerages Set Wingstop Inc. (NASDAQ:WING) PT at $337.81

Shares of Wingstop Inc. (NASDAQ:WING) have been assigned a consensus rating of “Moderate Buy” from the thirty-three ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, twenty-two have assigned a buy recommendation and five have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $337.8148.

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on Wingstop from $370.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. BMO Capital Markets reduced their price target on Wingstop from $345.00 to $280.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Royal Bank Of Canada upped their price objective on Wingstop from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Truist Financial cut their price objective on Wingstop from $400.00 to $365.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Finally, Sanford C. Bernstein decreased their target price on shares of Wingstop from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th.

Insiders Place Their Bets

In other Wingstop news, Director Kilandigalu Madati sold 269 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $259.97, for a total value of $69,931.93. Following the completion of the transaction, the director directly owned 5,283 shares of the company’s stock, valued at approximately $1,373,421.51. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Wingstop by 8.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 220,614 shares of the restaurant operator’s stock worth $49,766,000 after purchasing an additional 16,373 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Wingstop during the 1st quarter worth $70,000. King Luther Capital Management Corp boosted its position in shares of Wingstop by 7.3% in the 1st quarter. King Luther Capital Management Corp now owns 18,690 shares of the restaurant operator’s stock worth $4,216,000 after buying an additional 1,266 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Wingstop in the 1st quarter worth about $36,393,000. Finally, Motley Fool Asset Management LLC acquired a new stake in Wingstop in the 1st quarter valued at about $1,220,000.

Wingstop Price Performance

NASDAQ:WING opened at $235.89 on Wednesday. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 3.25 and a beta of 1.75. The firm’s fifty day moving average price is $246.89 and its 200 day moving average price is $294.76. Wingstop has a 1-year low of $204.00 and a 1-year high of $388.14.

Wingstop (NASDAQ:WING) last released its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, topping the consensus estimate of $0.91 by $0.18. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The company had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. During the same quarter last year, the business earned $0.88 EPS. The business’s revenue was up 8.1% on a year-over-year basis. As a group, analysts expect that Wingstop will post 4.18 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. Wingstop’s payout ratio is currently 19.54%.

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.