Wingstop Inc. (NASDAQ:WING) Receives $241.81 Consensus Price Target from Brokerages

Wingstop Inc. (NASDAQ:WING) has earned an average recommendation of “Moderate Buy” from the thirty analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, twenty-one have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $238.4815.

Several analysts have issued reports on WING shares. Mizuho cut their price objective on Wingstop from $280.00 to $240.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. Stephens reiterated an “overweight” rating and issued a $200.00 target price on shares of Wingstop in a report on Thursday, July 30th. Royal Bank Of Canada dropped their target price on shares of Wingstop from $200.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday. Morgan Stanley decreased their price objective on shares of Wingstop from $255.00 to $238.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Finally, DA Davidson lowered their price objective on shares of Wingstop from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th.

Institutional Investors Weigh In On Wingstop

Hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. grew its stake in Wingstop by 76.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 60 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Wingstop in the second quarter worth approximately $34,000. Harbor Investment Advisory LLC purchased a new stake in shares of Wingstop in the second quarter worth approximately $46,000. Employees Retirement System of Texas purchased a new stake in shares of Wingstop in the fourth quarter worth approximately $71,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Wingstop during the second quarter worth approximately $62,000.

Wingstop Stock Up 2.7%

WING opened at $103.76 on Friday. The firm has a market cap of $2.83 billion, a PE ratio of 24.65, a P/E/G ratio of 1.20 and a beta of 1.79. The business has a fifty day simple moving average of $122.20 and a 200-day simple moving average of $151.80. Wingstop has a fifty-two week low of $100.13 and a fifty-two week high of $302.80.

Wingstop (NASDAQ:WING) last announced its earnings results 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 negative return on equity of 16.31% and a net margin of 16.15%.The company had revenue of $185.56 million for the quarter, compared to analyst estimates of $190.25 million. During the same period in the previous year, the firm earned $1.00 earnings per share. Wingstop’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Wingstop will post 4.5 EPS for the current fiscal year.

Wingstop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 5th. Stockholders of record on Saturday, August 15th were issued a dividend of $0.33 per share. This is a positive change from Wingstop’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 14th. Wingstop’s dividend payout ratio is presently 31.35%.

Wingstop Company Profile

Wingstop Inc is a fast-casual restaurant company specializing in cooked-to-order chicken wings and tenders. Its menu also includes fries, seasoned fries, dipping sauces, and beverages, with offerings built around a range of signature flavors and sauces. The company primarily operates through a franchise-based model.

Wingstop was founded in 1994 in Garland, Texas, and has expanded from its original location into a global restaurant brand. Its restaurants serve customers across the United States and in international markets through a network of franchised and company-operated locations.

Wingstop became a publicly traded company in 2015.